Hennessy Capital Acquisition Corp IV Cl A (HCAC) Stock Technical Analysis
NASDAQ:HCAC - Nasdaq - US42588L1052
We assign a technical rating of 10 out of 10 to HCAC. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, HCAC is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, HCAC did better than 93% of all other stocks.
HCAC is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so HCAC is performing more or less in line with the market.
In the last month HCAC has a been trading in the 10.90 - 22.43 range, which is quite wide. It is currently trading near the high of this range.
HCAC has an average volume of 2461960 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Volume is considerably higher in the last couple of days.
Although HCAC 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
9.74
19.68
When analyzing the support we can see 4 important areas.
- Support @18.02 from a horizontal line in the daily time frame.
- A support zone ranging from 10.34 to 10.35. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 10.09 to 10.11. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @9.84 from a horizontal line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.43
Mansfield5.27
10 Day High22.43
10 Day Low16.61
20 Day High22.43
20 Day Low10.9
52 Week High22.43
52 Week Low9.21
Performance
1 Week0.78%
2 Weeks7.09%
1 Month82.15%
3 Month74.02%
6 Month86.6%
12 Month92.02%
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)0.16
RSI(14)65.72
LBB11.86
UBB23.97
Hennessy Capital Acquisition Corp IV Cl A
NASDAQ:HCAC (12/21/2020, 8:00:01 PM)
After market: 20.47 +0.98 (+5.03%)19.49
+0.2 (+1.04%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.04%
1 Week0.78%
2 Weeks7.09%
1 Month82.15%
3 Month74.02%
6 Month86.6%
12 Month92.02%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.4
ATR(20)%10.6%
ATR Inc-38.78%
Range Today1.38
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
CRS93.43
Mansfield5.27
10 Day High22.43
10 Day Low16.61
20 Day High22.43
20 Day Low10.9
52 Week High22.43
52 Week Low9.21
CS1 End18.02
CR1 StartN/A
Volume & EV
DER(3)-0.14%
DER(5)-0.76%
Volume4.40M
Volume Incr12.1%
Vol(5)4.85M
Vol(50)2.46M