CHARDAN HEALTHCARE ACQUISITION (CHAC) Stock Technical Analysis
NYSEARCA:CHAC - NYSE Arca -
We assign a technical rating of 3 out of 10 to CHAC. In the last year, CHAC 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, CHAC is a bad performer in the overall market: 100% of all stocks are doing better.
Warning: CHAC has an average volume of 26914 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
CHAC is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so CHAC is lagging the market slightly.
In the last month CHAC has a been trading in the 9.74 - 11.50 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
CHAC has a poor technical rating and the quality of the setup is also not perfect 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
9.88
10.92
When analyzing the support we notice one important area.
- A support zone ranging from 9.98 to 10.29. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 10.81 to 10.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0
Mansfield-30
10 Day High11.5
10 Day Low9.74
20 Day High11.5
20 Day Low9.74
52 Week High11.9
52 Week Low9.55
Performance
1 Week5.61%
2 Weeks2.43%
1 Month4.35%
3 Month0.5%
6 Month8.76%
12 Month0%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.05
RSI(14)61.14
LBB9.82
UBB10.69
CHARDAN HEALTHCARE ACQUISITION
NYSEARCA:CHAC (10/28/2019, 8:09:22 PM)
10.55
-0.25 (-2.31%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-2.31%
1 Week5.61%
2 Weeks2.43%
1 Month4.35%
3 Month0.5%
6 Month8.76%
12 Month0%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.35
ATR(20)%2.5%
ATR Inc528.22%
Range Today1.14
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
CRS0
Mansfield-30
10 Day High11.5
10 Day Low9.74
20 Day High11.5
20 Day Low9.74
52 Week High11.9
52 Week Low9.55
CS1 End10.29
CR1 Start10.81
Volume & EV
DER(3)-11.06%
DER(5)9.42%
Volume25.80K
Volume Incr16.74%
Vol(5)53.90K
Vol(50)26.91K