Not a lot of force on the either..and had a significant Divergence on during the rally up..but I am sure many escaped with a profit as it was quite a rally' .
I put it on weekly time-frame and it looks like it was a bit parabolic/too much too fast, so it crashed and burned when demand was no longer there. It looks like everybody and their brother bought this early onand the move up was big! 9.5 to 58.66!
On a positive note, the is a tad over 50 and pointing up but have noted that changes daily sometimes.
It is trying to bottom so watching..not a recommendation..
From an article on HYLN so some are it appears. NV and OBV are not impressely high..
Hyliion Holdings Corp. (HYLN) made its debut in the up-and-coming zero-emissions transport industry via SPAC. The venture boasts more vision than numbers to back its capitalization. An over-reliance on parts suppliers, subjectivity in growth assumptions and no defensible order book suggests the company valuation regresses when actual sales & operations data become more discernible (sounds bad)
Hyliion is producing better trucks with higher operating performance but lower ownership costs than Tesla and Nikola.
Hyliion should have an upside potential of 260%, with a $9 billion in enterprise value.
However, because of the rapid built-in momentum, we'd rather wait for short-term pullback to initiate a long position.
Tortoise Acquisition Corp. (SHLL), a special purpose acquisition company (SPAC), has just recently announced the planned merger with Hyliion, a leading company in electrified powertrain solutions. Since the middle of June, after the merger announcement, Tortoise's share price has been up by more than 150% to $24.90. The recent momentum resulted from Hyliion's business model, which put it in direct competition with Tesla ( TSLA ) and Nikola (NASDAQ:NKLA)
HMMM..I will watch for now