HCA HEALTHCARE INC (HCA) Stock Technical Analysis
NYSE:HCA • US40412C1018
Overall HCA gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, HCA is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that HCA is one of the better performing stocks in the market, outperforming 88% of all stocks. We also observe that the gains produced by HCA over the past year are nicely spread over this period.
- HCA is one of the better performing stocks in the Health Care Providers & Services industry, it outperforms 81% of 101 stocks in the same industry.
- HCA is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so HCA is lagging the market slightly.
- HCA has an average volume of 1162860 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month HCA has a been trading in the 480.27 - 552.90 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
HCA has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 501.68, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for HCA in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
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When analyzing the support we can see 4 important areas.
- A support zone ranging from 492.80 to 501.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 459.30 to 469.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @368.70 from a trend line in the weekly time frame.
- Support @305.11 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 532.97 to 540.58. This zone is formed by a combination of multiple trend lines and important moving averages 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 HCA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for HCA is up. |
| ChartMill Relative Strength | 88.52 | POSITIVE | HCA has a high relative strength, it outperformed 88.52% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of HCA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of HCA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of HCA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.59 | NEUTRAL | The RSI value for HCA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.64 | NEGATIVE | The MACD value suggests HCA has a negative trend. |
| Stochastics (14,3) | 64.04 | NEUTRAL | The Stochastics value for HCA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.68 | MEDIUM VOLATILITY | The ATR as a percentage value for HCA suggests some volalility. |
| Average Directional Index/ADX (14) | 38.99 | POSITIVE | The high ADX value value for HCA suggests a strong trend. |
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 |
|---|---|---|---|
| 540.59 | 522.04 | 18.55 (3.43%) | 25.00% |
| An entry @540.59. This is a Buy Stop order right above the resistance zone. | An exit @522.04. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 18.55 points, which is 3.43%. | For a 0.86% 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 HCA. 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.
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+3.82 (+0.73%)
HCA HEALTHCARE INC / HCA FAQ
What is the technical rating for HCA stock?
ChartMill assigns a technical rating of 10 / 10 to HCA.
What is the current trend direction of HCA HEALTHCARE INC (HCA) stock?
The current trend direction for HCA HEALTHCARE INC (HCA) is Bullish.
What is the RSI signal for HCA stock?
HCA HEALTHCARE INC (HCA) has an RSI value of 57.594. This indicates that the stock is currently neutral.
What is the MACD signal for HCA HEALTHCARE INC (HCA) stock?
The MACD indicator for HCA HEALTHCARE INC (HCA) has a value of -0.643594, indicating a bearish trend.
What is the short term momentum for HCA stock?
The short term momentum for HCA HEALTHCARE INC (HCA) is positive.