PHP Ventures Acquisition Corporation (PPHP) Technical Analysis
NASDAQ:PPHP • US69291C1062
We assign a technical rating of 6 out of 10 to PPHP. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, PPHP is only an average performer.
- Warning: PPHP has an average volume of 2394 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- When compared to the yearly performance of all other stocks, PPHP outperforms 60% of them, which is more or less in line with the market.
- PPHP is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so PPHP is lagging the market slightly.
- In the last month PPHP has a been trading in a tight range between 10.88 and 11.25.
- Considerably lower volume is observed in the last couple of days.
PPHP has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 11.08. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 11.05, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
10.59
When analyzing the support we notice one important area.
- A support zone ranging from 10.70 to 11.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
2 important resistance areas can be observed.
- Resistance @11.08 from a horizontal line in the daily time frame.
- A resistance zone ranging from 11.32 to 11.33. 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 PPHP is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PPHP is neutral. |
| ChartMill Relative Strength | 60.49 | NEUTRAL | PPHP is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PPHP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PPHP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PPHP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.05 | NEUTRAL | The RSI value for PPHP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests PPHP has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 44.14 | NEUTRAL | The Stochastics value for PPHP is a neutral value. |
| Average True Range in percent/ATR (20) | 0.67 | LOW VOLATILITY | The low ATR as a percentage value for PPHP suggests low volalility. |
| Average Directional Index/ADX (14) | 40.6 | POSITIVE | The high ADX value value for PPHP suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 11.09 | 10.98 | 0.11 (0.99%) | 25.00% |
| An entry @11.09. This is a Buy Stop order right above the resistance zone. | An exit @10.98. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.11 points, which is 0.99%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.25%. |
- The distance between exit and entry is rather small compared to the average daily movement of PPHP. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
PPHP Technicals: Chart, Performance Metrics, Trend & Indicators
PHP Ventures Acquisition Corporation
NASDAQ:PPHP (4/18/2024, 8:15:02 PM)
11.07
0 (0%)
PHP Ventures Acquisition Corporation / PPHP FAQ
What is the technical rating for PPHP stock?
ChartMill assigns a technical rating of 6 / 10 to PPHP.
What is the trend direction for PPHP stock?
The current trend direction for PHP Ventures Acquisition Corporation (PPHP) is Bullish.
Can you provide the RSI signal for PHP Ventures Acquisition Corporation?
PHP Ventures Acquisition Corporation (PPHP) has an RSI value of 54.0475. This indicates that the stock is currently neutral.
What is the short term momentum for PHP Ventures Acquisition Corporation (PPHP) stock?
The short term momentum for PHP Ventures Acquisition Corporation (PPHP) is neutral.
What are the support and resistance levels for PHP Ventures Acquisition Corporation (PPHP) stock?
PHP Ventures Acquisition Corporation (PPHP) has a support level at 11.05 and a resistance level at 11.08. Check the full technical report for our detailed analysis of PPHP support and resistance levels.