HYDRO ONE LTD (H.CA) Stock Technical Analysis
TSX:H - Toronto Stock Exchange - CA4488112083 - Common Stock - Currency: CAD
Taking everything into account, H scores 7 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
In the last month H has a been trading in the 48.17 - 53.98 range, which is quite wide. It is currently trading near the lows of this range.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
When comparing the yearly performance of all stocks, we notice that H is one of the better performing stocks in the market, outperforming 72% of all stocks. On top of that, H also shows a nice and consistent pattern of rising prices.
H is part of the Electric Utilities industry. There are 19 other stocks in this industry. H outperforms 83% of them.
H is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so H is performing more or less in line with the market.
H has an average volume of 1043730 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Volume is considerably higher in the last couple of days.
Besides having an excellent technical rating, H also presents a decent setup pattern. Prices have been consolidating lately.
More info and screens
43.13
54.02
We found 3 important support areas.
- Support @48.03 from a horizontal line in the daily time frame.
- Support @47.19 from a trend line in the weekly time frame.
- A support zone ranging from 43.57 to 44.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 49.94 to 50.53. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @53.49 from a horizontal line in the daily time frame.
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 H.CA is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for H.CA is neutral. |
| ChartMill Relative Strength | 72.43 | POSITIVE | H.CA has a high relative strength, it outperformed 72.43% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of H.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of H.CA is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of H.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 42.78 | NEUTRAL | The RSI value for H.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests H.CA has a negative trend. |
| Stochastics (14,3) | 55.48 | NEUTRAL | The Stochastics value for H.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 1.97 | LOW VOLATILITY | The low ATR as a percentage value for H.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 11.94 | NEGATIVE | The low ADX value for H.CA suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 50.54 | 49.60 | 0.94 (1.86%) | 25.00% |
| An entry @50.54. This is a Buy Stop order right above the resistance zone. | An exit @49.60. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.94 points, which is 1.86%. | For a 0.46% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of H. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
TSX:H (6/4/2025, 7:00:00 PM)
49.7
-0.48 (-0.96%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryElectric Utilities
Performance
% Chg-0.96%
1 Week-1.58%
2 Weeks-2.24%
1 Month-6.07%
3 Month5.1%
6 Month6.54%
12 Month21.63%
2 Year31.31%
3 Year43.6%
5 Year94.67%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.8
ATR(20)%1.97%
ATR Inc9.97%
Range Today0.6
ADR(20)0.95
ADR(20)%1.91%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS72.43
Mansfield0.42
10 Day High51.5
10 Day Low49.61
20 Day High53.98
20 Day Low48.17
52 Week High53.98
52 Week Low38.24
CS1 End48.03
CR1 Start49.94
Volume & EV
DER(3)-3.98%
DER(5)-3.85%
Volume2.60M
Volume Incr56.63%
Vol(5)1.44M
Vol(50)1.04M