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ROSE HILL ACQUISITION CORP-A (ROSE) Stock Technical Analysis

NASDAQ:ROSE - Nasdaq - KYG7637J1076 - Common Stock - Currency: USD

11.66  -0.02 (-0.17%)

Technical Rating and Analysis

4

Overall ROSE gets a technical rating of 4 out of 10. In the last year, ROSE was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.

ROSE is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
Warning: ROSE has an average volume of 25576 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
When comparing the yearly performance of all stocks, we notice that ROSE is one of the better performing stocks in the market, outperforming 78% of all stocks. On top of that, ROSE also shows a nice and consistent pattern of rising prices.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
In the last month ROSE has a been trading in a tight range between 11.60 and 11.93.
Considerably lower volume is observed in the last couple of days.
Weekly and Daily overview Charts
ROSE HILL ACQUISITION CORP-A / ROSE Weekly stock chart
ROSE HILL ACQUISITION CORP-A / ROSE Daily stock chart
Setup Rating and Analysis

8

ROSE has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 11.65, a Stop Loss order could be placed below this zone.

Support and Resistance Analysis

10.56

12.37

3 important support areas can be observed.

  • A support zone ranging from 11.65 to 11.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @11.41 from a horizontal line in the daily time frame.
  • Support @10.67 from a trend line in the weekly time frame.

We found 1 important resistance area.

  • A resistance zone ranging from 11.70 to 12.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Technical Indicator Signal Analysis

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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorUPPOSITIVEThe long term trend for ROSE is up.
ChartMill Short Term Trend IndicatorDOWNNEGATIVEThe short term trend for ROSE is down.
ChartMill Relative Strength78.64POSITIVEROSE has a high relative strength, it outperformed 78.64% off all stocks on the market.
Simple Moving Average/SMA (20)DOWNNEGATIVEThe current price of ROSE is below a declining SMA(20).
Simple Moving Average/SMA (50)DOWNNEGATIVEThe current price of ROSE is below a declining SMA(50).
Simple Moving Average/SMA (200)UPPOSITIVEThe current price of ROSE is above the rising SMA(200).
Relative Strength Index/RSI (14)42.19NEUTRALThe RSI value for ROSE is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)0NEGATIVEThe MACD value suggests ROSE has a negative trend.
Stochastics (14,3)20.86NEUTRALThe Stochastics value for ROSE is a neutral value.
Average True Range in percent/ATR (20)0.94LOW VOLATILITYThe low ATR as a percentage value for ROSE suggests low volalility.
Average Directional Index/ADX (14)44.74POSITIVEThe high ADX value value for ROSE suggests a strong trend.
Chart- and CandleStick Pattern Analysis
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)
ROSE HILL ACQUISITION CORP-A / ROSE Daily stock chart

ROSE HILL ACQUISITION CORP-A

NASDAQ:ROSE (11/20/2023, 8:00:03 PM)

11.66

-0.02 (-0.17%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.17%
1 Week-0.77%
2 Weeks-0.34%
1 Month-1.19%
3 Month-0.43%
6 Month8.47%
12 Month14.65%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.1
ATR(20)%0.94%
ATR Inc-56.45%
Range Today0.05
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
CRS78.64
Mansfield-0.26
10 Day High11.92
10 Day Low11.63
20 Day High11.93
20 Day Low11.6
52 Week High20
52 Week Low9.92
CS1 End11.65
CR1 Start11.7
Volume & EV
DER(3)-0.04%
DER(5)-1.14%
Volume3.40K
Volume Incr34.02%
Vol(5)6.46K
Vol(50)25.58K