SIDDHI ACQUISITION CORP (SDHIU) Stock Technical Analysis
NASDAQ:SDHIU - Nasdaq - KYG8118C1087 - Currency: USD
Overall SDHIU gets a technical rating of 5 out of 10. In the last year, SDHIU was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
Although the technical rating is only medium, SDHIU does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 10.33. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 10.31, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- 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.
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10.07
When analyzing the support we notice one important area.
- A support zone ranging from 10.17 to 10.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 10.33 to 10.34. 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 SDHIU is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SDHIU is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | SDHIU 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 SDHIU is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SDHIU is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 76.95 | OVERBOUGHT | The high RSI value suggests SDHIU may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests SDHIU has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 13.42 | OVERSOLD | The low Stochastics value suggests SDHIU may be oversold. |
| Average True Range in percent/ATR (20) | 0.96 | LOW VOLATILITY | The low ATR as a percentage value for SDHIU suggests low volalility. |
| Average Directional Index/ADX (14) | 60.54 | POSITIVE | The high ADX value value for SDHIU suggests a strong trend. |
NASDAQ:SDHIU (6/27/2025, 8:00:02 PM)
10.32
+0.02 (+0.19%)