TUSCAN HOLDINGS CORP II (THCA)

US90070A1034 - Common Stock

10.44  -0.01 (-0.1%)

Technical Rating and Analysis

8

Taking everything into account, THCA scores 8 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, THCA is showing a nice and steady performance.

THCA is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so THCA is lagging the market.
Warning: THCA has an average volume of 21476 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that THCA is one of the better performing stocks in the market, outperforming 79% of all stocks. We also observe that the gains produced by THCA over the past year are nicely spread over this period.
In the last month THCA has a been trading in a tight range between 10.41 and 10.46.
Volume is considerably higher in the last couple of days.

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Weekly and Daily overview Charts
THCA Weekly chart
THCA Daily chart
Setup Rating and Analysis

8

THCA has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 10.45. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 10.44, a Stop Loss order could be placed below this zone.

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Support and Resistance Analysis

9.88

10.57

2 important support areas can be observed.

  • A support zone ranging from 10.20 to 10.44. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 9.98 to 9.99. 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 10.45 to 10.47. This zone is formed by a combination of multiple trend lines in multiple time frames.

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Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS79.37
Mansfield0.48
10 Day High10.46
10 Day Low10.41
20 Day High10.46
20 Day Low10.41
52 Week High13.77
52 Week Low10.15
Performance
1 Week0.19%
2 Weeks0.1%
1 Month-0.19%
3 Month0.58%
6 Month0.77%
12 Month2.86%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A

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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)

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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)
Technical Indicators
MACD(12,26,9)0
RSI(14)54.92
LBB10.41
UBB10.46

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Example Setup

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.

ENTRYEXITDISTANCECAPITAL
10.4810.400.08 (0.76%)25.00%
An entry @10.48. This is a Buy Stop order right above the resistance zone.An exit @10.40. This is a Stop Loss order right below the 10 day low.The worst case loss on the trade is limited to 0.08 points, which is 0.76%.When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.19%.

  • 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.

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THCA Daily chart

TUSCAN HOLDINGS CORP II

NASDAQ:THCA (11/18/2022, 7:07:41 PM)

10.44

-0.01 (-0.1%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.1%
1 Week0.19%
2 Weeks0.1%
1 Month-0.19%
3 Month0.58%
6 Month0.77%
12 Month2.86%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.02
ATR(20)%0.19%
ATR Inc
Range Today0.02
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High10.46
10 Day Low10.41
20 Day High10.46
20 Day Low10.41
52 Week High13.77
52 Week Low10.15
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume37.10K
Volume Incr386.93%
Vol(5)58.80K
Vol(50)21.48K