HAPPINESS DEVELOPMENT GROU-A (HAPP) Stock Technical Analysis
NASDAQ:HAPP • KYG4289N2050
Overall HAPP gets a technical rating of 2 out of 10. In the last year, HAPP was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
- When comparing the yearly performance of all stocks, HAPP is a bad performer in the overall market: 80% of all stocks are doing better.
- In the last month HAPP has a been trading in the 4.40 - 5.37 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Warning: HAPP has an average volume of 14686 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- HAPP is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so HAPP is lagging the market.
- Considerably lower volume is observed in the last couple of days.
HAPP has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 4.43, a Stop Loss order could be placed below this zone.
More info and screens
4.39
When analyzing the support we notice one important area.
- A support zone ranging from 4.43 to 4.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 4.62 to 4.72. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @4.97 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 | NEUTRAL | NEUTRAL | The long term trend for HAPP is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for HAPP is down. |
| ChartMill Relative Strength | 20.7 | NEGATIVE | HAPP has a low relative strength, it was outperformed by 79.3% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of HAPP is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of HAPP is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of HAPP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 42.75 | NEUTRAL | The RSI value for HAPP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests HAPP has a negative trend. |
| Stochastics (14,3) | 17.43 | OVERSOLD | The low Stochastics value suggests HAPP may be oversold. |
| Average True Range in percent/ATR (20) | 7.51 | HIGH VOLATILITY | The high ATR as a percentage value for HAPP suggests high volalility. |
| Average Directional Index/ADX (14) | 22.1 | NEUTRAL | The ADX value for HAPP suggests a possible start of a new trend. |
NASDAQ:HAPP (3/13/2023, 8:00:01 PM)
4.5
+0.06 (+1.35%)
HAPPINESS DEVELOPMENT GROU-A / HAPP FAQ
What is the ChartMill technical rating of HAPPINESS DEVELOPMENT GROU-A (HAPP) stock?
ChartMill assigns a technical rating of 2 / 10 to HAPP.
Can you provide the trend direction for HAPPINESS DEVELOPMENT GROU-A?
The current trend direction for HAPPINESS DEVELOPMENT GROU-A (HAPP) is Bearish.
What is the RSI signal for HAPP stock?
HAPPINESS DEVELOPMENT GROU-A (HAPP) has an RSI value of 42.7531. This indicates that the stock is currently neutral.
What is the MACD signal for HAPPINESS DEVELOPMENT GROU-A (HAPP) stock?
The MACD indicator for HAPPINESS DEVELOPMENT GROU-A (HAPP) has a value of -0.0228625, indicating a bearish trend.
Can you provide the short term momentum for HAPPINESS DEVELOPMENT GROU-A?
The short term momentum for HAPPINESS DEVELOPMENT GROU-A (HAPP) is negative.