Technical analysis from Hennessy Capital Acquisition Corp. III (HCAC, AMEX:HCAC) on the American Stock Exchange (AMEX). Download the latest price data & trading signals

Hennessy Capital Acquisition Corp. III
+ Share

Hennessy Capital Acquisition Corp. III currently has positive momentum of 0.0300
Momentum /
Hennessy Capital Acquisition Corp. III currently has positive momentum of 0.0300

[BULLISH]: Hennessy Capital Acquisition Corp. III currently has positive momentum of 0.0300. This means the current price is greater than the price 5 days ago and therefore gaining momentum. Currently, the return on momentum is 0.2000%. The largest upward momentum rally for the last 3 months is 9 days producing a return of 0.6%%.

Initiation of overbought signal for HCAC @ 98.3900
Money Flow Index /
Initiation of overbought signal for HCAC @ 98.3900

[BULLISH CROSSOVER]: Hennessy Capital Acquisition Corp. III current price has driven MFI to become oversold signalling the start of bullish trading conditions. Currently, the MFI is 98.3900. During the quarter, the lowest MFI value was 23.47. The last oversold signal occurred on Mar 14 2018.

Open Tod Vs Close Tod /
Hennessy Capital Acquisition Corp. III opened in the lower part of daily range at 0.000000000000000% & closed in the upper part of the trading range at 100.000000000000000%. This suggests the buyers were in control all day.

[BULLISH STRONG]: Hennessy Capital Acquisition Corp. III opened in the lower part of daily range at 0.000000000000000% & closed in the upper part of the trading range at 100.000000000000000%. This suggests the buyers were in control all day. Over the last 12 months there has been 29 trading days with the opening price in the lower shadow & the closing the price in the upper shadow giving a confirmation ratio of 15.1%. Over the last month there has been 3 trading days with the opening price in the lower price range & the closing the price in the upper price range giving a confirmation ratio of 16.7%.

Medium Trend /
HCAC: Medium term trend is still an Uptrend

[BULLISH]: Hennessy Capital Acquisition Corp. III has a medium timeframe uptrend confirmation. This was confirmed through a price breakout on the Apr 18 2018.

Volume Rate of Change /
Positive VROC confirmation for HCAC is a leading indicator for continued price rise

[BULLISH CROSSOVER]: Hennessy Capital Acquisition Corp. III currently has positive volume of change of 1898300.0000%. This means the current volume is greater than the price 14 days ago and therefore gaining momentum. Currently, the return on momentum is 0.2000%.

Daily Volume Index /
Market conditions are indicating DVI accumulation is current for HCAC

[BULLISH]: Hennessy Capital Acquisition Corp. III current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the DVI is 106.0000.

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Commodity Channel Index /
Price extreme for CCI confirms signal reversal for Hennessy Capital Acquisition Corp. III

[BEARISH]: Hennessy Capital Acquisition Corp. III current trading has maintained the Commodity Channel Index to overbought status and signalled the continuation of the bearish trading conditions. Currently, the CCI is 123.0000. The bearish signal has been active for 0 day. During the quarter, the highest CCI value was 236.

Hennessy Capital Acquisition Corp. III has moved above the R1 DeMark pivot point ($9.9650) [Bullish]
Demarks Pivot Points /
Hennessy Capital Acquisition Corp. III has moved above the R1 DeMark pivot point ($9.9650) [Bullish]

Hennessy Capital Acquisition Corp. III has broken the first DeMark resistance point ($9.9650) [Bullish]. Look for a long limit order entry near this point. Exit price for HCAC should be set @$9.9800 & Stoploss for Hennessy Capital Acquisition Corp. III should be set at $9.9600

Hennessy Capital Acquisition Corp. III: Detrended Price Oscillator(20) is 0.0595
Detrended Price Oscillator /
Hennessy Capital Acquisition Corp. III: Detrended Price Oscillator(20) is 0.0595

[BULLISH]: Hennessy Capital Acquisition Corp. III currently has a confirmed uptrend. Price is currently above the displaced moving average for HCACCurrently, the return on DPO20 is 0.2%.

Moving Average Envelope /
Envelope bands Oversold signal is still current for Hennessy Capital Acquisition Corp. III [Bullish]

[BULLISH]: Hennessy Capital Acquisition Corp. III current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 9.4335.

Sine Weighted Moving Average /
Price is now trading above the Sine Weighted Moving Average(5) for HCAC

HCAC: SWMA Current Signal -> (1) 25 Apr: BEARISH (2) 24 Apr: BULLISH (3) 23 Apr: BEARISH CROSSOVER

Accumulation / Distribution /
Recent trading signals Hennessy Capital Acquisition Corp. III is now being accumulated

[BULLISH CROSSOVER]: Hennessy Capital Acquisition Corp. III current price has highlighted the commencement of accumulation and the start of bullish trading conditions. Currently, the ADLINE is 1641139.0000.

The current price is still gaining momentum through a rise for HCAC on the short term EMA.
Percentage Price /
The current price is still gaining momentum through a rise for HCAC on the short term EMA.

[BULLISH]: Hennessy Capital Acquisition Corp. III currently has positive PPO 0.2000%. This means the current price is gaining momentum through a rise on the short term exponential moving average.

Hennessy Capital Acquisition Corp. III: Daily high performance is 0.0 % [Uptrend]
High Price /
Hennessy Capital Acquisition Corp. III: Daily high performance is 0.0 % [Uptrend]

HCAC: HIGH Recent Trading -> (1) 25 Apr: 9.9700 (2) 24 Apr: 9.9700 (3) 23 Apr: 9.9700

Closing Price /
[Bullish]: A higher close performance for HCAC by 0.2 % achieved during last session

[BULLISH]: Hennessy Capital Acquisition Corp. III current uptrend in the first timeframe. Currently, the Close is $9.9700.

Aroon Oscillator /
Hennessy Capital Acquisition Corp. III: ARO(-32.0000) has signalled a downtrend is current

[BEARISH]: Hennessy Capital Acquisition Corp. III has a current ARU(25) of 8.0000 and a current ARD(25) of 40.0000

Close Tod Vs Range Tod /
Trading for Hennessy Capital Acquisition Corp. III highlights the commitment of buyers to carry positions overnight.

[BULLISH]: Hennessy Capital Acquisition Corp. III buyers are in control at the market close. This is the first day of buyer commitment for Hennessy Capital Acquisition Corp. III adding strength to an uptrend in the first timeframe & highlights the commitment of buyers to carry positions overnight. Over the last 12 months there has been 42 trading days with the closing price in the upper part of the range giving a confirmation ratio of 21.9%. Over the last month there has been 8 trading days with the closing price in the upper range giving a confirmation ratio of 44.4%. Currently this quarter, closing price has spent 8 days in the upper price range compared to 4 days in the lower range giving a ratio of 2x.

ROC continues to rise for Hennessy Capital Acquisition Corp. III signalling an uptrend will persist
Rate of Change /
ROC continues to rise for Hennessy Capital Acquisition Corp. III signalling an uptrend will persist

[BULLISH]: Hennessy Capital Acquisition Corp. III currently has positive rate of change of 0.6000%. This means the current price is greater than the price 14 days ago and therefore gaining momentum & is a leading indicator of price movement in the upward direction

Daily trading performance for HCAC has initiated a short term uptrend
Close Tod Vs Close Yest /
Daily trading performance for HCAC has initiated a short term uptrend

[BULLISH]: Hennessy Capital Acquisition Corp. IIIbuyers are currently keener than sellers and are driving the price up. This is the first day of price rise for HCAC adding strength to an uptrend change in the first timeframe. The biggest upward movement this month has been 0.6 & the greatest daily positive change this year has been 1.1. The longest consecutive upswing rally over the last 12 months has been 3 days giving a total rally upward movement of 1215.4%. This quarter, the largest upswing rally has been 3 days giving a total rally upward movement of 0.6%. The win ratio for price rise in the first timeframe for the last 12 months is 0.3x giving a total win/loss ratio of 1.1x. Over the last month the average daily upward movement has been 0.200000%

Hennessy Capital Acquisition Corp. III: Current trading activity signals OBV accumulation is present
On Balance Volume /
Hennessy Capital Acquisition Corp. III: Current trading activity signals OBV accumulation is present

[BULLISH]: Hennessy Capital Acquisition Corp. III current price has highlighted recent accumulation. Currently, the OBV is 2082914.0000.

Simple Moving Average /
The SMA trend following signal is now active for Hennessy Capital Acquisition Corp. III [Bullish]

[BEARISH]: Hennessy Capital Acquisition Corp. III currently has a confirmed downtrend. Recent trading has caused the SMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SMA5 is 0.2%.

Bull Belt-Hold /
Hennessy Capital Acquisition Corp. III: Bull Belt-Hold

[BULLISH]: Hennessy Capital Acquisition Corp. III has formed a new Bull Belt-Hold reversal pattern.

Triangular Moving Average /
Triangular Moving Average(5) signal continues for Hennessy Capital Acquisition Corp. III indicating upward price movement is likely

[BULLISH]: Hennessy Capital Acquisition Corp. III currently has a confirmed uptrend. Recent trading has caused the TMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on TMA5 is 0.2%.

Chaikin Money Flow /
CMF showing buying pressure & potential change in direction for HCAC

[BULLISH]: Hennessy Capital Acquisition Corp. III current price has highlighted recent buying pressure and the continuation of a bullish trading conditions. Currently, the CMF is 0.8900. HCAC received a confirmed CMF crossover days on the Apr 10 2018.The bullish signal has been active for 1 day. During the quarter, the highest CMF value was 0.89 occurring on the Apr 10 2018.

Limit order for a long position has been identified for Hennessy Capital Acquisition Corp. III [Bullish]
Pivot Points /
Limit order for a long position has been identified for Hennessy Capital Acquisition Corp. III [Bullish]

Hennessy Capital Acquisition Corp. III has broken the first resistance point ($9.9760) [Bullish]. Look for a long limit order entry near this point. Exit price for HCAC should be set @$9.9830 & Stoploss for Hennessy Capital Acquisition Corp. III should be set between $9.9430 & $9.9360

Elders Force Index /
Hennessy Capital Acquisition Corp. III: Direction, extent & volume have increased in recent trading [Buying Pressure]

[BULLISH]: Hennessy Capital Acquisition Corp. III current price has highlighted recent buying pressure. Currently, the Elders Force Index is 2938.0000.

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