THIMBLE POINT ACQUISITION-A (THMA) Technical Analysis
NASDAQ:THMA
Current stock price
THMA Technical Rating and Analysis
Overall THMA gets a technical rating of 1 out of 10. In the last year, THMA was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
- When comparing the yearly performance of all stocks, THMA is a bad performer in the overall market: 100% of all stocks are doing better.
- THMA is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so THMA is lagging the market.
- In the last month THMA has a been trading in the 9.01 - 10.10 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.
- The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
- Considerably lower volume is observed in the last couple of days.
THMA Weekly and Daily overview Charts
THMA Setup Rating and Analysis
The technical rating of THMA 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
THMA Support and Resistance Analysis
9.21
We found 1 important resistance area.
- A resistance zone ranging from 9.69 to 10.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
THMA 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 THMA is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for THMA is down. |
| ChartMill Relative Strength | 0 | NEGATIVE | THMA has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of THMA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of THMA is below a declining SMA(50). |
| Relative Strength Index/RSI (14) | 22.39 | OVERSOLD | The low RSI value suggests THMA may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests THMA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 12.76 | OVERSOLD | The low Stochastics value suggests THMA may be oversold. |
| Average True Range in percent/ATR (20) | 1.66 | LOW VOLATILITY | The low ATR as a percentage value for THMA suggests low volalility. |
THMA Chart- and CandleStick Pattern Analysis
THMA Technicals: Chart, Performance Metrics, Trend & Indicators
NASDAQ:THMA (12/3/2021, 8:30:52 PM)
9.3
+0.18 (+1.93%)
THIMBLE POINT ACQUISITION-A / THMA TA FAQ
What is the technical rating for THMA stock?
ChartMill assigns a technical rating of 1 / 10 to THMA.
What is the trend direction for THMA stock?
The current trend direction for THIMBLE POINT ACQUISITION-A (THMA) is Bullish.
Can you provide the RSI signal for THIMBLE POINT ACQUISITION-A?
THIMBLE POINT ACQUISITION-A (THMA) has an RSI value of 22.3936. This indicates that the stock is currently oversold.
Can you provide the buy/sell signal for THIMBLE POINT ACQUISITION-A?
The buy/sell signal for THIMBLE POINT ACQUISITION-A (THMA) is hold as the short term and long term trends are mixed.
What are the support and resistance levels for THIMBLE POINT ACQUISITION-A (THMA) stock?
THIMBLE POINT ACQUISITION-A (THMA) has a resistance level at 9.69. Check the full technical report for our detailed analysis of THMA support and resistance levels.