PONO CAPITAL CORP (PONOU) Stock Technical Analysis
USA - NASDAQ:PONOU - US7324502001
We assign a technical rating of 6 out of 10 to PONOU. Although PONOU is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
PONOU has an average technical rating and also 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
9.88
We found 1 important support area.
- A support zone ranging from 9.98 to 10.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The long term trend for PONOU is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PONOU is neutral. |
| ChartMill Relative Strength | 0 | NEGATIVE | PONOU has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PONOU is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PONOU is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 50.81 | NEUTRAL | The RSI value for PONOU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.19 | POSITIVE | The MACD value suggests PONOU has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 51.93 | NEUTRAL | The Stochastics value for PONOU is a neutral value. |
| Average True Range in percent/ATR (20) | 8.41 | HIGH VOLATILITY | The high ATR as a percentage value for PONOU suggests high volalility. |
| Average Directional Index/ADX (14) | 29.16 | POSITIVE | The high ADX value value for PONOU suggests a strong trend. |
NASDAQ:PONOU (2/3/2023, 8:02:29 PM)
11.15
-3.27 (-22.68%)
PONO CAPITAL CORP / PONOU FAQ
Can you provide the ChartMill technical rating for PONO CAPITAL CORP?
ChartMill assigns a technical rating of 6 / 10 to PONOU.
Can you provide the trend direction for PONO CAPITAL CORP?
The current trend direction for PONO CAPITAL CORP (PONOU) is Bullish.
What is the RSI signal for PONO CAPITAL CORP (PONOU) stock?
PONO CAPITAL CORP (PONOU) has an RSI value of 50.814. This indicates that the stock is currently neutral.
Can you provide the MACD signal for PONO CAPITAL CORP?
The MACD indicator for PONO CAPITAL CORP (PONOU) has a value of 0.190427, indicating a bearish trend.