PONO CAPITAL CORP-A (PONO) Stock Technical Analysis
NASDAQ:PONO - Nasdaq - US7324501011 - Common Stock - Currency: USD
Taking everything into account, PONO scores 8 out of 10 in our technical rating. In the last year, PONO was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
PONO is currently making a new 52 week low. This is a very bad signal. The S&P500 Index is trading in the upper part of its 52 week range, so PONO is lagging the market.
In the last month PONO has a been trading in the 9.12 - 18.00 range, which is quite wide. It is currently trading near the lows of this range.
Looking at the yearly performance, PONO did better than 85% of all other stocks.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
PONO has an excellent technical rating, but the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
9.79
11.16
When analyzing the support we can see 3 important areas.
- A support zone ranging from 10.39 to 10.55. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @10.19 from a horizontal line in the daily time frame.
- A support zone ranging from 9.89 to 9.99. This zone is formed by a combination of multiple trend lines in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for PONO is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PONO is neutral. |
| ChartMill Relative Strength | 85.76 | POSITIVE | PONO has a high relative strength, it outperformed 85.76% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PONO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PONO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PONO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.03 | NEUTRAL | The RSI value for PONO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.26 | POSITIVE | The MACD value suggests PONO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 63.04 | NEUTRAL | The Stochastics value for PONO is a neutral value. |
| Average True Range in percent/ATR (20) | 10.49 | HIGH VOLATILITY | The high ATR as a percentage value for PONO suggests high volalility. |
| Average Directional Index/ADX (14) | 55.73 | POSITIVE | The high ADX value value for PONO suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
11.05
-4.7 (-29.84%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-29.84%
1 Week6.25%
2 Weeks5.24%
1 Month5.34%
3 Month8.12%
6 Month8.87%
12 Month11.06%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.62
ATR(20)%10.49%
ATR Inc696.58%
Range Today5.56
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.76
Mansfield0.71
10 Day High18
10 Day Low9.12
20 Day High18
20 Day Low9.12
52 Week High18
52 Week Low9.12
CS1 End10.55
CR1 StartN/A
Volume & EV
DER(3)6.1%
DER(5)5.53%
Volume414.90K
Volume Incr110.09%
Vol(5)126.98K
Vol(50)43.05K