Home Capital Group Inc (HCG.CA) Technical Analysis
TSX:HCG • CA4369131079
Current stock price
HCG.CA Technical Rating and Analysis
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.
- The long and short term trends are both positive. This is looking good!
- HCG is part of the Financial Services industry. There are 30 other stocks in this industry. HCG outperforms 100% of them.
- A new 52 week high is currently being made by HCG, which is a very good signal! Especially since the S&P500 is only trading in the upper part of its 52 week range, so HCG is leading the market.
- Looking at the yearly performance, HCG did better than 93% of all other 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.
HCG.CA Weekly and Daily overview Charts
HCG.CA Setup Rating and Analysis
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
HCG.CA Support and Resistance Analysis
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.
When analyzing the resistance we notice one important 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.
HCG.CA Technical Indicator Signal Analysis
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. |
HCG.CA Chart- and CandleStick Pattern Analysis
HCG.CA Example Setup
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%. | 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.
HCG.CA Technicals: Chart, Performance Metrics, Trend & Indicators
TSX:HCG (9/1/2023, 7:00:00 PM)
44.26
0 (0%)
Home Capital Group Inc / HCG.CA TA 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.
Can you provide the trend direction for Home Capital Group Inc?
The current trend direction for Home Capital Group Inc (HCG.CA) is Bullish.
What is the RSI signal for Home Capital Group Inc (HCG.CA) stock?
Home Capital Group Inc (HCG.CA) has an RSI value of 74.396. This indicates that the stock is currently overbought.
What is the MACD signal for Home Capital Group Inc (HCG.CA) stock?
The MACD indicator for Home Capital Group Inc (HCG.CA) has a value of 0.0430939, indicating a bearish trend.
What is the short term momentum for HCG stock?
The short term momentum for Home Capital Group Inc (HCG.CA) is positive.