HCM Technical Analysis - HUTCHMED CHINA-ADR

Technical Rating and Analysis

We assign a technical rating of 8 out of 10 to HCM. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, HCM is only an average performer.

Both the short term and long term trends are positive. This is a very positive sign.

When compared to the yearly performance of all other stocks, HCM outperforms 52% of them, which is more or less in line with the market.

HCM is part of the Pharmaceuticals industry. There are 197 other stocks in this industry, HCM did better than 55% of them.

HCM is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so HCM is lagging the market.

In the last month HCM has a been trading in the 14.69 - 18.30 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

HUTCHMED CHINA-ADR / HCM Weekly stock chart

HUTCHMED CHINA-ADR / HCM Daily stock chart

Setup Rating and Analysis

HCM 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

13.11

18.11

When analyzing the support we can see 4 important areas.

Support @15.29 from a trend line in the daily time frame.
A support zone ranging from 14.83 to 15.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @13.77 from a trend line in the weekly time frame.
Support @13.24 from a horizontal line in the weekly time frame.

We found 1 important resistance area.

A resistance zone ranging from 17.73 to 17.93. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

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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 HCM is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for HCM is up.
ChartMill Relative Strength	52.7	NEUTRAL	HCM is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of HCM is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of HCM is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of HCM is above the rising SMA(200).
Relative Strength Index/RSI (14)	55.68	NEUTRAL	The RSI value for HCM is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.2	POSITIVE	The MACD value suggests HCM has a positive trend, although the MACD value is declining.
Stochastics (14,3)	72.95	NEUTRAL	The Stochastics value for HCM is a neutral value.
Average True Range in percent/ATR (20)	3.03	MEDIUM VOLATILITY	The ATR as a percentage value for HCM suggests some volalility.
Average Directional Index/ADX (14)	15.83	NEGATIVE	The low ADX value for HCM suggests a weak or negative trend.