SCP & CO HEALTHCARE ACQUIS-A (SHAC) Stock Technical Analysis
NASDAQ:SHAC - Nasdaq - US7840651043 - Common Stock - Currency: USD
We assign a technical rating of 10 out of 10 to SHAC. Both in the recent history as in the last year, SHAC has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, SHAC did better than 82% of all other stocks. We also observe that the gains produced by SHAC over the past year are nicely spread over this period.
A new 52 week high is currently being made by SHAC, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
In the last month SHAC has a been trading in a tight range between 10.00 and 10.08.
Considerably lower volume is observed in the last couple of days.
SHAC has an excellent technical rating, but 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
9.53
10.19
When analyzing the support we can see 2 important areas.
- A support zone ranging from 9.96 to 10.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 9.63 to 9.76. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 10.09 to 10.09. 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 SHAC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SHAC is up. |
| ChartMill Relative Strength | 82.94 | POSITIVE | SHAC has a high relative strength, it outperformed 82.94% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SHAC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SHAC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SHAC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 69.86 | NEUTRAL | The RSI value for SHAC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests SHAC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 90.48 | OVERBOUGHT | The high Stochastics value suggests SHAC may be overbought. |
| Average True Range in percent/ATR (20) | 0.13 | LOW VOLATILITY | The low ATR as a percentage value for SHAC suggests low volalility. |
| Average Directional Index/ADX (14) | 50.39 | POSITIVE | The high ADX value value for SHAC suggests a strong trend. |
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)
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 |
|---|---|---|---|
| 10.10 | 10.04 | 0.06 (0.59%) | 25.00% |
| An entry @10.10. This is a Buy Stop order right above the resistance zone. | An exit @10.04. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.06 points, which is 0.59%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.15%. |
- 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.
NASDAQ:SHAC (12/9/2022, 8:08:38 PM)
10.0767
+0.02 (+0.17%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.17%
1 Week0.27%
2 Weeks0.27%
1 Month0.77%
3 Month1.99%
6 Month2.72%
12 Month3.24%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.02
ATR(20)%0.13%
ATR Inc-45.27%
Range Today0.02
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
CRS82.94
Mansfield0.87
10 Day High10.08
10 Day Low10.05
20 Day High10.08
20 Day Low10
52 Week High10.08
52 Week Low9.68
CS1 End10.06
CR1 Start10.09
Volume & EV
DER(3)0%
DER(5)0%
Volume2.60K
Volume Incr-94.04%
Vol(5)5.20K
Vol(50)77.31K