BLACKHAWK NETWORK HLDGS INC (HAWK) Stock Technical Analysis
NASDAQ:HAWK - Nasdaq - US09238E1047
We assign a technical rating of 6 out of 10 to HAWK. In the last year, HAWK was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
Although the technical rating is only medium, HAWK does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 45.15. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 45.13, a Stop Loss order could be placed below this zone.
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34.94
When analyzing the support we can see 2 important areas.
- A support zone ranging from 44.59 to 45.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @35.29 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 45.15 to 45.24. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @46.01 from a horizontal line in the weekly 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 HAWK is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for HAWK is up. |
| ChartMill Relative Strength | 61.67 | NEUTRAL | HAWK is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of HAWK is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of HAWK is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of HAWK is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.14 | NEUTRAL | The RSI value for HAWK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests HAWK has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 86.67 | OVERBOUGHT | The high Stochastics value suggests HAWK may be overbought. |
| Average True Range in percent/ATR (20) | 0.21 | LOW VOLATILITY | The low ATR as a percentage value for HAWK suggests low volalility. |
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 |
|---|---|---|---|
| 45.25 | 44.99 | 0.26 (0.57%) | 25.00% |
| An entry @45.25. This is a Buy Stop order right above the resistance zone. | An exit @44.99. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.26 points, which is 0.57%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.14%. |
- 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.
45.15
-0.05 (-0.11%)