TUSCAN HOLDINGS CORP II (THCA) Stock Technical Analysis
USA - NASDAQ:THCA - US90070A1034 - Common Stock
Taking everything into account, THCA scores 8 out of 10 in our technical rating. Both in the recent history as in the last year, THCA has proven to be a steady performer, scoring decent points in every aspect analyzed.
THCA has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. 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.
More info and screens
9.88
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.
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 THCA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for THCA is up. |
| ChartMill Relative Strength | 79.37 | POSITIVE | THCA has a high relative strength, it outperformed 79.37% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of THCA is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of THCA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of THCA is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.92 | NEUTRAL | The RSI value for THCA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests THCA has a negative trend. |
| Stochastics (14,3) | 78.33 | NEUTRAL | The Stochastics value for THCA is a neutral value. |
| Average True Range in percent/ATR (20) | 0.19 | LOW VOLATILITY | The low ATR as a percentage value for THCA suggests low volalility. |
| Average Directional Index/ADX (14) | 42.94 | POSITIVE | The high ADX value value for THCA suggests a strong trend. |
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 |
|---|---|---|---|
| 10.48 | 10.40 | 0.08 (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 trade has a worst case loss of 0.08 points, which is 0.76%. | For a 0.19% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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:THCA (11/18/2022, 8:07:41 PM)
10.44
-0.01 (-0.1%)
TUSCAN HOLDINGS CORP II / THCA FAQ
Can you provide the ChartMill technical rating for TUSCAN HOLDINGS CORP II?
ChartMill assigns a technical rating of 8 / 10 to THCA.
What is the current trend direction of TUSCAN HOLDINGS CORP II (THCA) stock?
The current trend direction for TUSCAN HOLDINGS CORP II (THCA) is Bullish.
What is the RSI signal for THCA stock?
TUSCAN HOLDINGS CORP II (THCA) has an RSI value of 54.923. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for TUSCAN HOLDINGS CORP II?
The buy/sell signal for TUSCAN HOLDINGS CORP II (THCA) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for TUSCAN HOLDINGS CORP II?
TUSCAN HOLDINGS CORP II (THCA) has a support level at 10.44 and a resistance level at 10.45. Check the full technical report for our detailed analysis of THCA support and resistance levels.