Home Capital Group Inc (HCG.CA) Stock Technical Analysis
Canada - TSX:HCG - CA4369131079 - Common Stock
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.
HCG has an excellent technical rating, but the quality of the setup is only medium 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
2 important support areas can be observed.
- 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. |
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 trade has a worst case loss of 0.71 points, which is 1.60%. | For a 0.40% total portfolio risk, you can invest 25.00% 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.
TSX:HCG (9/1/2023, 7:00:00 PM)
44.26
0 (0%)
Home Capital Group Inc / HCG.CA FAQ
What is the ChartMill technical rating of Home Capital Group Inc (HCG.CA) stock?
ChartMill assigns a technical rating of 7 / 10 to HCG.CA.
What is the trend direction for HCG stock?
The current trend direction for Home Capital Group Inc (HCG.CA) is Bullish.
Can you provide the RSI signal for Home Capital Group Inc?
Home Capital Group Inc (HCG.CA) has an RSI value of 74.396. This indicates that the stock is currently overbought.
Can you provide the short term momentum for Home Capital Group Inc?
The short term momentum for Home Capital Group Inc (HCG.CA) is positive.
Can you provide the support and resistance levels for Home Capital Group Inc?
Home Capital Group Inc (HCG.CA) has a support level at 44.04 and a resistance level at 44.27. Check the full technical report for our detailed analysis of HCG.CA support and resistance levels.