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

HCAC: Price continues to move above the EMA(5) @$10.035
Exponential Moving Average /
HCAC: Price continues to move above the EMA(5) @$10.035

HCAC: EMA(5) Current Signal -> (1) 13 Jun: BULLISH (2) 12 Jun: BULLISH CROSSOVER (3) 11 Jun: BEARISH CROSSOVER

Daily bar has confirmed has confirmed an Aroon uptrend is intact for HCAC
Aroon Oscillator /
Daily bar has confirmed has confirmed an Aroon uptrend is intact for HCAC

[BULLISH]: Hennessy Capital Acquisition has a current ARU(25) of 40 and a current ARD(25) of 16

Rate of Change /
Rate of change(14) is now increasing for Hennessy Capital Acquisition

[BULLISH CROSSOVER]: Hennessy Capital Acquisition currently has positive rate of change of 0.199%. 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

Moving Average Envelope /
Oversold signal for the Lower Envelope band is still current for Hennessy Capital Acquisition

[BULLISH]: Hennessy Capital Acquisition current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 9.5.

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

[BULLISH]: Hennessy Capital Acquisition 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 0.0%.

Weighted Moving Average /
Price continues to trade above the Weighted Moving Average(5) for HCAC

[BULLISH]: Hennessy Capital Acquisition currently has a confirmed uptrend. Recent trading has caused the WMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on WMA5 is 0.0%.

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Momentum /
Positive momentum for HCAC is a leading indicator for continued price rise

[BULLISH]: Hennessy Capital Acquisition currently has positive momentum of 0.05. This means the current price is greater than the price 5 days ago and therefore gaining momentum. Currently, the return on momentum is 0%. The largest upward momentum rally for the last 3 months is 2 days producing a return of 0.6%.

Demarks Pivot Points /
[Long]: Limit orders for Hennessy Capital Acquisition should be set at $10.05

Hennessy Capital Acquisition has broken the first DeMark support point ($10.05) [Bearish]. Look for a short limit order entry near this point. Exit price for HCAC should be set @$10.0500 & short position stoploss for Hennessy Capital Acquisition should be set at $10.05

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Hennessy Capital Acquisition has broken above the 161.8% extension level ($2.69) [Bearish]
Fibonacci Extensions /
Hennessy Capital Acquisition has broken above the 161.8% extension level ($2.69) [Bearish]

Hennessy Capital Acquisition: The current Fibonacci Extension levels are: (23.61%) $10.75: (38.2%) $10.6: (50%) $10.48: (61.8%) $10.36The current support levels are: (78.6%) $10.18: (100%) $9.96: (138.2%) $9.56: (161.8%) $9.32: (261.8%) $8.28: (423.61%) $6.59

Hennessy Capital Acquisition: Daily volume performance is 272.3 [Uptrend]
Volume /
Hennessy Capital Acquisition: Daily volume performance is 272.3 [Uptrend]

HCAC: VOLUME Current Signal -> (1) 13 Jun: BULLISH (2) 12 Jun: BEARISH (3) 11 Jun: BULLISH

Percentage Price /
Signal line is still above the EMA for Hennessy Capital Acquisition producing positive momentum

[BULLISH]: Hennessy Capital Acquisition currently has positive PPO 0.185%. This means the current price is gaining momentum through a rise on the short term exponential moving average.

Detrended Price Oscillator /
Bullish trading conditions for Hennessy Capital Acquisition has been signalled from the DPO (0.07)

[BULLISH]: Hennessy Capital Acquisition currently has a confirmed uptrend. Price is currently above the displaced moving average for HCAC. Currently, the return on DPO20 is 0.0%.

Average True Range /
HCAC: Average True Range has confirmed an downtrend @0.051

[Bearish]: Average True Range has confirmed an downtrend is present. Hennessy Capital Acquisition has a TR of 0, and an ATR(14) of 0.051.

Chaikin Oscillator showing selling pressure for HCAC
Chaikin Money Flow /
Chaikin Oscillator showing selling pressure for HCAC

HCAC: Chaikin Oscillator Recent Trading -> (1) 13 Jun: -0.32 (2) 12 Jun: -0.37 (3) 11 Jun: -0.41

Percentage volume oscillator is now positive for HCAC
Percentage Volume /
Percentage volume oscillator is now positive for HCAC

[BULLISH CROSSOVER]: Hennessy Capital Acquisition currently has positive PVO 1.43%. The recent volume is gaining momentum through a rise on the short term exponential moving average. Currently, the return on PVO is 0%.

On Balance Volume /
Hennessy Capital Acquisition is being actively accumulated based on OBV

[BULLISH]: Hennessy Capital Acquisition current price has highlighted recent accumulation. Currently, the OBV is 457155.

MACD /
MACD oscillator remains positive for HCAC

[BULLISH]: Hennessy Capital Acquisition currently has positive MACD of 0.0034. This means the signal line is greater than the MACD line signalling a bullish movement. Currently, the return on MACD is 0.2%.

Elder Ray Index /
Prices are being driven above the consensus of value for HCAC [Bullish]

HCAC: Elder Ray Index Current Signal -> (1) 13 Jun: BULLISH (2) 12 Jun: BULLISH (3) 11 Jun: BULLISH

Ulcer index has reduced in stress level & low drawdown is expected for Hennessy Capital Acquisition
Ulcer Index /
Ulcer index has reduced in stress level & low drawdown is expected for Hennessy Capital Acquisition

HCAC: UIX Current Signal -> (1) 13 Jun: Low stress (2) 12 Jun: Low stress (3) 11 Jun: Low stress

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

Hennessy Capital Acquisition has broken the first resistance point ($10.05) [Bullish]. Look for a long limit order entry near this point. Exit price for HCAC should be set @$10.05 & Stoploss for Hennessy Capital Acquisition should be set between $10.05 & $10.05

Positive VROC: Volume is higher for Hennessy Capital Acquisition than 14 days ago
Volume Rate of Change /
Positive VROC: Volume is higher for Hennessy Capital Acquisition than 14 days ago

[BULLISH]: Hennessy Capital Acquisition currently has positive volume of change of 3883%. This means the current volume is greater than the price 14 days ago and therefore gaining momentum. Currently, the return on momentum is 0%.

Daily Volume Index /
HCAC: Current trading activity signals DVI distribution is active

[BEARISH]: Hennessy Capital Acquisition current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the DVI is -65.

Woodie Pivot Point /
Hennessy Capital Acquisition has broken the first Woodie resistance point ($10.05) [Bullish]

Hennessy Capital Acquisition has broken the first Woodie resistance point ($10.05) [Bullish]. Look for a long limit order entry near this point. Exit price for HCAC should be set @$10.05 & Stoploss for Hennessy Capital Acquisition should be set at $10.05

Simple Moving Average /
[Bullish]: SMA(5) is serving as a support line for Hennessy Capital Acquisition

[BULLISH]: Hennessy Capital Acquisition currently has a confirmed uptrend. Recent trading has caused the SMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SMA5 is 0.0%.

Hennessy Capital Acquisition: 2nd timeframe trend Uptrend remains intact
Medium Trend /
Hennessy Capital Acquisition: 2nd timeframe trend Uptrend remains intact

[BULLISH]: Hennessy Capital Acquisition has a medium timeframe uptrend confirmation. This was confirmed through a price breakout on the Jun 11 2018.

The volume MACD continues to rise above the signal line for HCAC [Bullish]
MACD Volume /
The volume MACD continues to rise above the signal line for HCAC [Bullish]

[BULLISH]: Hennessy Capital Acquisition currently has positive Volume MACD of 9839. This means the signal line is greater than the Volume MACD line signalling a bullish movement.

Volume /
[Bearish]: Hennessy Capital Acquisition has failed to beat the previous volume by -57.7

[BEARISH]: Hennessy Capital Acquisition current volume downtrend in the first timeframe. Volume for HCAC is 32100 (-57.7).

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