HCM II Acquisition Corp [NASDAQ: HOND] gained 6.51% on the last trading session, reaching $10.80 price per share at the time.
If compared to the average trading volume of 8.43K shares, HOND reached a trading volume of 6219646 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about HCM II Acquisition Corp [HOND]:
The Average True Range (ATR) for HCM II Acquisition Corp is set at 0.09 The Price to Book ratio for the last quarter was 1.40, with the Price to Cash per share for the same quarter was set at 0.14.
Trading performance analysis for HOND stock
HCM II Acquisition Corp [HOND] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 6.51.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for HOND stock in for the last two-week period is set at 85.26, with the RSI for the last a single of trading hit 88.09, and the three-weeks RSI is set at 82.67 for HCM II Acquisition Corp [HOND]. The present Moving Average for the last 50 days of trading for this stock 10.12, while it was recorded at 10.29 for the last single week of trading.
HCM II Acquisition Corp [HOND]: A deeper dive into fundamental analysis
HCM II Acquisition Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.71 and a Current Ratio set at 2.71.
