TUSCAN HOLDINGS CORP II (THCA) Technical Analysis
NASDAQ:THCA • US90070A1034
Current stock price
THCA Technical Rating and Analysis
Overall THCA gets a technical rating of 8 out of 10. 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.
THCA Weekly and Daily overview Charts
THCA Setup Rating and Analysis
Besides having an excellent technical rating, THCA 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.
More info and screens
THCA Support and Resistance Analysis
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.
THCA Technical Indicator Signal Analysis
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. |
THCA Chart- and CandleStick Pattern Analysis
THCA 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.
| 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 worst case loss on the trade is limited to 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.
THCA Technicals: Chart, Performance Metrics, Trend & Indicators
NASDAQ:THCA (11/18/2022, 8:07:41 PM)
10.44
-0.01 (-0.1%)
TUSCAN HOLDINGS CORP II / THCA TA 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 trend direction for THCA stock?
The current trend direction for TUSCAN HOLDINGS CORP II (THCA) is Bullish.
What is the RSI signal for TUSCAN HOLDINGS CORP II (THCA) stock?
TUSCAN HOLDINGS CORP II (THCA) has an RSI value of 54.923. This indicates that the stock is currently neutral.
What is the buy/sell signal for THCA stock?
The buy/sell signal for TUSCAN HOLDINGS CORP II (THCA) is buy as both the short term and long term trends are positive.
What is the support and resistance level for THCA stock?
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.