2HQ Technical Analysis - TILRAY BRANDS INC

Technical Rating and Analysis

We assign a technical rating of 8 out of 10 to 2HQ. Both in the recent history as in the last year, 2HQ has proven to be a steady performer, scoring decent points in every aspect analyzed.

In the last month 2HQ has a been trading in the 0.89 - 1.40 range, which is quite wide. It is currently trading near the lows of this range.

The short term is neutral, but the long term trend is still positive. Not much to worry about for now.

2HQ is one of the better performing stocks in the Pharmaceuticals industry, it outperforms 89% of 49 stocks in the same industry.

Looking at the yearly performance, 2HQ did better than 97% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.

2HQ is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so 2HQ is lagging the market.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

TILRAY BRANDS INC / 2HQ Weekly stock chart

TILRAY BRANDS INC / 2HQ Daily stock chart

Setup Rating and Analysis

Although 2HQ has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

0.63

1.25

We found 3 important support areas.

Support @0.92 from a horizontal line in the weekly time frame.
Support @0.90 from a horizontal line in the daily time frame.
Support @0.64 from a trend line in the daily time frame.

We can see 3 important resistance areas.

A resistance zone ranging from 0.97 to 0.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @1.14 from a trend line in the weekly time frame.
Resistance @1.24 from a trend line in the daily time frame.

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Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	UP	POSITIVE	The long term trend for 2HQ.DE is up.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for 2HQ.DE is neutral.
ChartMill Relative Strength	97.29	POSITIVE	2HQ.DE has a high relative strength, it outperformed 97.29% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	MIXED	The current price of 2HQ.DE is below the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of 2HQ.DE is above the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	MIXED	The current price of 2HQ.DE is above a declining SMA(200).
Relative Strength Index/RSI (14)	52.29	NEUTRAL	The RSI value for 2HQ.DE is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.04	NEGATIVE	The MACD value suggests 2HQ.DE has a negative trend, although the MACD value is rising.
Stochastics (14,3)	9.21	OVERSOLD	The low Stochastics value suggests 2HQ.DE may be oversold.
Average True Range in percent/ATR (20)	9.9	HIGH VOLATILITY	The high ATR as a percentage value for 2HQ.DE suggests high volalility.
Average Directional Index/ADX (14)	35.55	POSITIVE	The high ADX value value for 2HQ.DE suggests a strong trend.