Logo image of THCB

Tuscan Holdings Corp (THCB) Stock Technical Analysis

USA - NASDAQ:THCB -

10
-0.2 (-1.96%)
Last: 7/23/2021, 8:03:16 PM
10.05
+0.05 (+0.5%)
After Hours: 7/23/2021, 8:03:16 PM
Technical Rating and Analysis

0

Overall THCB gets a technical rating of 0 out of 10. THCB's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

When comparing the yearly performance of all stocks, THCB is a bad performer in the overall market: 88% of all stocks are doing better.
THCB is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
In the last month THCB has a been trading in the 9.52 - 15.25 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.

More info and screens

Weekly and Daily overview Charts
Tuscan Holdings Corp / THCB Weekly stock chart
Tuscan Holdings Corp / THCB Daily stock chart
Setup Rating and Analysis

3

The technical rating of THCB is bad and it also does not present a quality setup 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

Support and Resistance Analysis

9.89

14.69

When analyzing the support we notice one important area.

  • A support zone ranging from 9.99 to 9.99. This zone is formed by a combination of multiple trend lines in multiple time frames.

2 important resistance areas can be observed.

  • A resistance zone ranging from 13.48 to 13.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Resistance @14.54 from a trend line in the daily time frame.

More info

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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorNEUTRALNEUTRALThe long term trend for THCB is neutral.
ChartMill Short Term Trend IndicatorDOWNNEGATIVEThe short term trend for THCB is down.
ChartMill Relative Strength12.6NEGATIVETHCB has a low relative strength, it was outperformed by 87.4% off all stocks on the market.
Simple Moving Average/SMA (20)DOWNNEGATIVEThe current price of THCB is below a declining SMA(20).
Simple Moving Average/SMA (50)DOWNNEGATIVEThe current price of THCB is below a declining SMA(50).
Simple Moving Average/SMA (200)DOWNNEGATIVEThe current price of THCB is below a declining SMA(200).
Relative Strength Index/RSI (14)29.05OVERSOLDThe low RSI value suggests THCB may be oversold.
Moving Average Convergence Divergence/MACD (12, 26, 9)-0.39NEGATIVEThe MACD value suggests THCB has a negative trend.
Stochastics (14,3)5.07OVERSOLDThe low Stochastics value suggests THCB may be oversold.
Average True Range in percent/ATR (20)9.11HIGH VOLATILITYThe high ATR as a percentage value for THCB suggests high volalility.
Chart- and CandleStick Pattern Analysis
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)

More info

Tuscan Holdings Corp / THCB Daily stock chart

Tuscan Holdings Corp

NASDAQ:THCB (7/23/2021, 8:03:16 PM)

After market: 10.05 +0.05 (+0.5%)

10

-0.2 (-1.96%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.96%
1 Week-10.47%
2 Weeks-27.38%
1 Month-23.72%
3 Month-11.43%
6 Month-33.47%
12 Month-1.57%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1
ATR(20)%9.11%
ATR Inc1.3%
Range Today0.93
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
CRS12.6
3 months CRSN/A
6 months CRSN/A
Mansfield-3.2
10 Day High13.84
10 Day Low9.52
20 Day High15.25
20 Day Low9.52
52 Week High25.2
52 Week Low9.52
CS1 End9.99
CR1 Start13.48
Volume & EV
DER(3)-7.51%
DER(5)-7.33%
Volume1.85M
Volume Incr75.47%
Vol(5)1.36M
Vol(50)897.96K

Tuscan Holdings Corp / THCB FAQ

What is the technical rating for THCB stock?

ChartMill assigns a technical rating of 0 / 10 to THCB.


What is the current trend direction of Tuscan Holdings Corp (THCB) stock?

The current trend direction for Tuscan Holdings Corp (THCB) is Bearish.


What is the RSI signal for Tuscan Holdings Corp (THCB) stock?

Tuscan Holdings Corp (THCB) has an RSI value of 29.0512. This indicates that the stock is currently oversold.


Can you provide the short term momentum for Tuscan Holdings Corp?

The short term momentum for Tuscan Holdings Corp (THCB) is negative.