VAHANNA TECH EDGE ACQUISI-A (VHNA) Technical Analysis

NASDAQ:VHNA • VGG9320Z1099

11.12 USD

+0.91 (+8.91%)

At close: Sep 20, 2023

10.88 USD

-0.24 (-2.16%)

After Hours: 9/20/2023, 8:06:45 PM

VHNA Technical Rating and Analysis

We assign a technical rating of 7 out of 10 to VHNA. VHNA has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.

When comparing the yearly performance of all stocks, we notice that VHNA is one of the better performing stocks in the market, outperforming 76% of all stocks. On top of that, VHNA also shows a nice and consistent pattern of rising prices.
VHNA is currently making a new 52 week high. This is a strong signal. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so VHNA is leading the market.
In the last month VHNA has a been trading in the 8.95 - 17.00 range, which is quite wide. It is currently trading near the high of this range.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
Considerably lower volume is observed in the last couple of days.

More info and screens

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VHNA Weekly and Daily overview Charts

VAHANNA TECH EDGE ACQUISI-A / VHNA Weekly stock chart

VAHANNA TECH EDGE ACQUISI-A / VHNA Daily stock chart

VHNA Setup Rating and Analysis

VHNA has an excellent technical rating, but the quality of the setup is only medium 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

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VHNA Support and Resistance Analysis

9.54

11.78

When analyzing the support we can see 4 important areas.

A support zone ranging from 10.69 to 10.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @10.23 from a trend line in the daily time frame.
A support zone ranging from 9.94 to 10.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
A support zone ranging from 9.64 to 9.64. This zone is formed by a combination of multiple trend lines in multiple time frames.

We can see 2 important resistance areas.

Resistance @11.41 from a horizontal line in the weekly time frame.
A resistance zone ranging from 11.65 to 11.66. This zone is formed by a combination of multiple trend lines in the daily time frame.

More info and screens

What is Support and Resistance Support and Resistance indicators Support and Resistance Screener and Trading Strategies

VHNA 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	NEUTRAL	NEUTRAL	The long term trend for VHNA is neutral.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for VHNA is neutral.
ChartMill Relative Strength	76.38	POSITIVE	VHNA has a high relative strength, it outperformed 76.38% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of VHNA is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of VHNA is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of VHNA is above the rising SMA(200).
Relative Strength Index/RSI (14)	52.39	NEUTRAL	The RSI value for VHNA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.06	NEGATIVE	The MACD value suggests VHNA has a negative trend, although the MACD value is rising.
Stochastics (14,3)	28.28	NEUTRAL	The Stochastics value for VHNA is a neutral value.
Average True Range in percent/ATR (20)	16.63	HIGH VOLATILITY	The high ATR as a percentage value for VHNA suggests high volalility.
Average Directional Index/ADX (14)	31.3	POSITIVE	The high ADX value value for VHNA suggests a strong trend.

VHNA 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

Bullish Engulfing Bearish Engulfing Bullish Harami Bullish Hammer Gravestone Doji Dragonfly Doji Shooting Star Dark Cloud Cover Bull Flags Ascending Triangle Descending Triangle Symmetrical Triangle Rising Wedge Falling Wedge Double Bottom Ascending Channel Descending Channel Double Top Squeeze Plays

VHNA Technicals: Chart, Performance Metrics, Trend & Indicators

VAHANNA TECH EDGE ACQUISI-A

NASDAQ:VHNA (9/20/2023, 8:06:45 PM)

After market: 10.88 -0.24 (-2.16%)

11.12

+0.91 (+8.91%)

Chartmill TA Rating

Chartmill Setup Rating

Sector

GICS SectorN/A

GICS IndustryN/A

Performance

% Chg8.91%

1 Week2.77%

2 Weeks-2.88%

1 Month7.75%

3 Month5.3%

6 Month7.44%

12 Month11.87%

2 YearN/A

3 YearN/A

5 YearN/A

10 YearN/A

15 YearN/A

Volatility

ATR(14)1.9

ATR(20)%16.63%

ATR Inc169.42%

Range Today7.2

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

CRS76.38

3 months CRSN/A

6 months CRSN/A

Mansfield0.01

10 Day High17

10 Day Low9.4

20 Day High17

20 Day Low8.95

52 Week High17

52 Week Low8.95

CS1 End10.95

CR1 Start11.41

Volume & EV

DER(3)-1.38%

DER(5)1.66%

Volume807.60K

Volume Incr-43.97%

Vol(5)210.84K

Vol(50)326.09K

VAHANNA TECH EDGE ACQUISI-A / VHNA TA FAQ

What is the ChartMill technical rating of VAHANNA TECH EDGE ACQUISI-A (VHNA) stock?

ChartMill assigns a technical rating of 7 / 10 to VHNA.

What is the trend direction for VHNA stock?

The current trend direction for VAHANNA TECH EDGE ACQUISI-A (VHNA) is Bearish.

What is the RSI signal for VAHANNA TECH EDGE ACQUISI-A (VHNA) stock?

VAHANNA TECH EDGE ACQUISI-A (VHNA) has an RSI value of 52.3886. This indicates that the stock is currently neutral.

What is the short term momentum for VHNA stock?

The short term momentum for VAHANNA TECH EDGE ACQUISI-A (VHNA) is neutral.