Overall PPHP gets a technical rating of 6 out of 10. Although PPHP is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
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
We found 1 important support 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 worst case loss on the trade is limited to 0.11 points, which is 0.99%. | For a 0.25% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
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.
Can you provide the trend direction for PHP Ventures Acquisition Corporation?
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.
Can you provide the short term momentum for PHP Ventures Acquisition Corporation?
The short term momentum for PHP Ventures Acquisition Corporation (PPHP) is neutral.