Hc2 Holdings Inc (HCHC) Technical Analysis
NYSE:HCHC
Taking everything into account, HCHC scores 3 out of 10 in our technical rating. HCHC has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- In the last month HCHC has a been trading in the 3.45 - 3.95 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- When comparing the performance of all stocks over the past year, HCHC turns out to be only a medium performer in the overall market: it outperformed 61% of all stocks.
- HCHC is an average performer in the Construction & Engineering industry, it outperforms 42% of 55 stocks in the same industry.
- HCHC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so HCHC is lagging the market.
- Volume is considerably higher in the last couple of days.
Although the technical rating is bad, HCHC does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 3.68. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 3.67, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for HCHC 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.
More info and screens
3.19
4 important support areas can be observed.
- A support zone ranging from 3.63 to 3.67. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 3.49 to 3.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @3.43 from a horizontal line in the daily time frame.
- Support @3.22 from a trend line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 3.68 to 3.72. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 3.88 to 3.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @4.35 from a horizontal line in the daily time frame.
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 | NEUTRAL | NEUTRAL | The long term trend for HCHC is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for HCHC is neutral. |
| ChartMill Relative Strength | 61.03 | NEUTRAL | HCHC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of HCHC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of HCHC is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of HCHC is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.59 | NEUTRAL | The RSI value for HCHC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests HCHC has a positive trend. |
| Stochastics (14,3) | 51.66 | NEUTRAL | The Stochastics value for HCHC is a neutral value. |
| Average True Range in percent/ATR (20) | 4.26 | MEDIUM VOLATILITY | The ATR as a percentage value for HCHC suggests some volalility. |
HCHC Technicals: Chart, Performance Metrics, Trend & Indicators
3.68
+0.02 (+0.55%)
Hc2 Holdings Inc / HCHC FAQ
What is the technical rating for HCHC stock?
ChartMill assigns a technical rating of 3 / 10 to HCHC.
What is the trend direction for HCHC stock?
The current trend direction for Hc2 Holdings Inc (HCHC) is Bearish.
Can you provide the RSI signal for Hc2 Holdings Inc?
Hc2 Holdings Inc (HCHC) has an RSI value of 50.592. This indicates that the stock is currently neutral.
What is the MACD signal for Hc2 Holdings Inc (HCHC) stock?
The MACD indicator for Hc2 Holdings Inc (HCHC) has a value of 0.00620225, indicating a bearish trend.
What are the support and resistance levels for Hc2 Holdings Inc (HCHC) stock?
Hc2 Holdings Inc (HCHC) has a support level at 3.67 and a resistance level at 3.68. Check the full technical report for our detailed analysis of HCHC support and resistance levels.