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Stock Trend Analysis Report
Prepared for you on Wednesday, December 6, 2023.
Chenghe Acquisition Co. (NASDAQ:CHEA)
Countertrend Up (+85) - CHEA is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid CHEA?
MarketClub looks at technical strength and momentum to determine if the timing is right for CHEA.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for CHEA
The long-term trend has been UP since Jul 22nd, 2022 at 10.00
The intermediate-term trend has been UP since Jun 21st, 2023 at 10.65
The short-term trend has been UP since Oct 18th, 2023 at 10.86
Smart Scan Analysis for CHEA
Based on our trend formula, CHEA is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 10.9500 | 10.9501 | 10.9500 | 10.9501 | +0.0001 |
| Prev. Close | Volume | Bid | Ask | Time |
| 10.9501 | 1814 | 2023-12-04 12:11:43 |
| 52wk High | 11.49 | 52wk High Date | 2023-08-18 |
| 52wk Low | 10.27 | 52wk Low Date | 2022-12-16 |
| Average Volume | 50,710 | Shares Outstanding | 11,500 |
| Assets | 120,939,257M | Liabilities | 4,402,839M |
| P/E Ratio | 121.6678 |