HAEMONETICS CORP/MASS (HAE) Stock Technical Analysis
NYSE:HAE - New York Stock Exchange, Inc. - US4050241003 - Common Stock - Currency: USD
Overall HAE gets a technical rating of 8 out of 10. Although HAE is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the performance of all stocks over the past year, HAE turns out to be only a medium performer in the overall market: it outperformed 53% of all stocks.
HAE is an average performer in the Health Care Equipment & Supplies industry, it outperforms 67% of 187 stocks in the same industry.
HAE is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so HAE is lagging the market.
In the last month HAE has a been trading in the 72.06 - 79.93 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
HAE has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 76.57. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 75.28, a Stop Loss order could be placed below this zone.
More info and screens
71.82
80.85
We found 2 important support areas.
- A support zone ranging from 74.94 to 75.28. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 72.55 to 72.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 76.57 to 76.87. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @78.17 from a horizontal line in the daily time frame.
- A resistance zone ranging from 79.87 to 80.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 HAE is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for HAE is up. |
| ChartMill Relative Strength | 53.3 | NEUTRAL | HAE is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of HAE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of HAE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of HAE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.99 | NEUTRAL | The RSI value for HAE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests HAE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 63.43 | NEUTRAL | The Stochastics value for HAE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.57 | MEDIUM VOLATILITY | The ATR as a percentage value for HAE suggests some volalility. |
| Average Directional Index/ADX (14) | 16.28 | NEGATIVE | The low ADX value for HAE 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 |
|---|---|---|---|
| 76.88 | 74.93 | 1.95 (2.54%) | 25.00% |
| An entry @76.88. This is a Buy Stop order right above the resistance zone. | An exit @74.93. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.95 points, which is 2.54%. | For a 0.63% 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 HAE. 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.
76.3
+1.53 (+2.05%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg2.05%
1 Week2.2%
2 Weeks3.43%
1 Month1.56%
3 Month11.89%
6 Month28.58%
12 Month-0.95%
2 Year-14.97%
3 Year1.69%
5 Year-14.9%
10 Year111.3%
15 Year193.01%
Volatility
ATR(14)1.73
ATR(20)%2.57%
ATR Inc-12.02%
Range Today1.66
ADR(20)1.89
ADR(20)%2.48%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS53.3
Mansfield-0.24
10 Day High76.67
10 Day Low72.83
20 Day High79.93
20 Day Low72.06
52 Week High94.99
52 Week Low55.3
CS1 End75.28
CR1 Start76.57
Volume & EV
DER(3)-0.86%
DER(5)-1.94%
Volume451.00K
Volume Incr-10.08%
Vol(5)494.83K
Vol(50)543.45K