HCA HEALTHCARE INC (HCA) Stock Technical Analysis
NYSE:HCA - New York Stock Exchange, Inc. - US40412C1018 - Common Stock - Currency: USD
Overall HCA gets a technical rating of 8 out of 10. Although HCA 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.
HCA is one of the better performing stocks in the Health Care Providers & Services industry, it outperforms 71% of 103 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 is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
HCA has an average volume of 1524610 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that HCA is one of the better performing stocks in the market, outperforming 76% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
Besides having an excellent technical rating, HCA also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 381.92. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 364.91, a Stop Loss order could be placed below this zone.
More info and screens
294.54
391.40
When analyzing the support we can see 6 important areas.
- A support zone ranging from 363.76 to 364.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @352.24 from a trend line in the weekly time frame.
- A support zone ranging from 321.95 to 332.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @312.38 from a horizontal line in the daily time frame.
- Support @305.11 from a horizontal line in the weekly time frame.
- Support @297.52 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 381.92 to 387.52. 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 HCA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for HCA is up. |
| ChartMill Relative Strength | 76.23 | POSITIVE | HCA has a high relative strength, it outperformed 76.23% 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) | DOWN | MIXED | The current price of HCA is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57.26 | NEUTRAL | The RSI value for HCA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.45 | NEGATIVE | The MACD value suggests HCA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 70.68 | NEUTRAL | The Stochastics value for HCA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.55 | MEDIUM VOLATILITY | The ATR as a percentage value for HCA suggests some volalility. |
| Average Directional Index/ADX (14) | 19.17 | NEGATIVE | The low ADX value for HCA 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 |
|---|---|---|---|
| 387.53 | 363.75 | 23.78 (6.14%) | 16.30% |
| An entry @387.53. This is a Buy Stop order right above the resistance zone. | An exit @363.75. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 23.78 points, which is 6.14%. | For a 1.00% total portfolio risk, you can invest 16.30% of your capital in this trade. |
- 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.
379.3
+1.64 (+0.43%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg0.43%
1 Week0.48%
2 Weeks2.05%
1 Month0.17%
3 Month10.85%
6 Month25.38%
12 Month18.06%
2 Year24.98%
3 Year125.69%
5 Year290.79%
10 Year318.1%
15 YearN/A
Volatility
ATR(14)11.26
ATR(20)%2.55%
ATR Inc5.55%
Range Today7.69
ADR(20)9.22
ADR(20)%2.43%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS76.23
Mansfield0.16
10 Day High388.59
10 Day Low350.74
20 Day High388.59
20 Day Low350.74
52 Week High417.14
52 Week Low289.98
CS1 End364.91
CR1 Start381.92
Volume & EV
DER(3)-0.91%
DER(5)-1.14%
Volume1.55M
Volume Incr-4.72%
Vol(5)1.38M
Vol(50)1.52M