Senior Connect Acquisition Corporation I (SNRHU) Technical Analysis
NASDAQ:SNRHU • US81723H2076
We assign a technical rating of 5 out of 10 to SNRHU. SNRHU has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
- Warning: SNRHU has an average volume of 9422 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!
- In the last month SNRHU has a been trading in the 9.54 - 10.50 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- When comparing the performance of all stocks over the past year, SNRHU turns out to be only a medium performer in the overall market: it outperformed 41% of all stocks.
- SNRHU is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SNRHU is lagging the market.
- Considerably lower volume is observed in the last couple of days.
SNRHU 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 support zone below the current price at 10.00, a Stop Loss order could be placed below this zone.
More info and screens
9.61
When analyzing the support we notice one important area.
- A support zone ranging from 9.71 to 10.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 10.02 to 10.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @10.25 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 10.48 to 10.51. 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 SNRHU is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SNRHU is neutral. |
| ChartMill Relative Strength | 41.11 | NEUTRAL | SNRHU is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of SNRHU is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of SNRHU is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of SNRHU is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.5 | NEUTRAL | The RSI value for SNRHU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests SNRHU has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 50.69 | NEUTRAL | The Stochastics value for SNRHU is a neutral value. |
| Average True Range in percent/ATR (20) | 1.78 | LOW VOLATILITY | The low ATR as a percentage value for SNRHU suggests low volalility. |
| Average Directional Index/ADX (14) | 18.18 | NEGATIVE | The low ADX value for SNRHU suggests a weak or negative trend. |
SNRHU Technicals: Chart, Performance Metrics, Trend & Indicators
Senior Connect Acquisition Corporation I
NASDAQ:SNRHU (6/6/2023, 8:00:03 PM)
10.02
-0.03 (-0.3%)
Senior Connect Acquisition Corporation I / SNRHU FAQ
What is the ChartMill technical rating of Senior Connect Acquisition Corporation I (SNRHU) stock?
ChartMill assigns a technical rating of 5 / 10 to SNRHU.
Can you provide the trend direction for Senior Connect Acquisition Corporation I?
The current trend direction for Senior Connect Acquisition Corporation I (SNRHU) is Bullish.
What is the RSI signal for SNRHU stock?
Senior Connect Acquisition Corporation I (SNRHU) has an RSI value of 49.4987. This indicates that the stock is currently neutral.
Can you provide the MACD signal for Senior Connect Acquisition Corporation I?
The MACD indicator for Senior Connect Acquisition Corporation I (SNRHU) has a value of -0.0151102, indicating a bearish trend.