VAHANNA TECH EDGE ACQUISI-A (VHNA) Stock Technical Analysis
NASDAQ:VHNA - Nasdaq - VGG9320Z1099 - Common Stock - Currency: USD
We assign a technical rating of 7 out of 10 to VHNA. In the last year, VHNA was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
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. We also observe that the gains produced by VHNA over the past year are nicely spread over this period.
A new 52 week high is currently being made by VHNA, which is a very good signal! Especially since the S&P500 is only trading in the upper part of its 52 week range, 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.
Although VHNA has an excellent technical rating, the quality of the presented setup is not ideal 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
9.54
11.78
We found 4 important support 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.
When analyzing the resistance we notice 2 important 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.
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. |
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)
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
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