Home Capital Group Inc (HCG.CA) Stock Technical Analysis
Canada - TSX:HCG - CA4369131079 - Common Stock
44.26 CAD
0 (0%)
Taking everything into account, HCG scores 8 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, HCG is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
HCG is one of the better performing stocks in the Financial Services industry, it outperforms 100% of 28 stocks in the same industry.
A new 52 week high is currently being made by HCG, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
When comparing the yearly performance of all stocks, we notice that HCG is one of the better performing stocks in the market, outperforming 93% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
In the last month HCG has a been trading in a tight range between 43.37 and 44.29.
Volume is considerably higher in the last couple of days.
Although HCG has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
39.83
44.73
When analyzing the support we can see 2 important areas.
- A support zone ranging from 42.93 to 44.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 40.23 to 40.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 44.27 to 44.29. 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 HCG.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for HCG.CA is up. |
| ChartMill Relative Strength | 93.24 | POSITIVE | HCG.CA has a high relative strength, it outperformed 93.24% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of HCG.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of HCG.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of HCG.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 74.4 | OVERBOUGHT | The high RSI value suggests HCG.CA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests HCG.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 97.43 | OVERBOUGHT | The high Stochastics value suggests HCG.CA may be overbought. |
| Average True Range in percent/ATR (20) | 0.38 | LOW VOLATILITY | The low ATR as a percentage value for HCG.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 23.94 | NEUTRAL | The ADX value for HCG.CA suggests a possible start of a new 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 |
|---|---|---|---|
| 44.30 | 43.59 | 0.71 (1.60%) | 25.00% |
| An entry @44.30. This is a Buy Stop order right above the resistance zone. | An exit @43.59. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.71 points, which is 1.60%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.40%. |
- 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.
TSX:HCG (9/1/2023, 7:00:00 PM)
44.26
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryFinancial Services
Performance
% Chg0%
1 Week0.09%
2 Weeks1.24%
1 Month1.26%
3 Month1.93%
6 Month6.27%
12 Month57.79%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.14
ATR(20)%0.38%
ATR Inc-83.79%
Range Today0.03
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.24
3 months CRSN/A
6 months CRSN/A
Mansfield0.19
10 Day High44.29
10 Day Low43.6
20 Day High44.29
20 Day Low43.37
52 Week High44.29
52 Week Low23.82
CS1 End44.04
CR1 Start44.27
Volume & EV
DER(3)0.54%
DER(5)-0.06%
Volume163.13K
Volume Incr86.25%
Vol(5)330.22K
Vol(50)149.46K