HCO Technical Analysis - HIGH CO

Technical Rating and Analysis

We assign a technical rating of 5 out of 10 to HCO. In the last year, HCO was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.

When comparing the yearly performance of all stocks, we notice that HCO is one of the better performing stocks in the market, outperforming 88% of all stocks. On top of that, HCO also shows a nice and consistent pattern of rising prices.

HCO is one of the better performing stocks in the Media industry, it outperforms 88% of 62 stocks in the same industry.

The long term trend is neutral, but the short term trend is negative. Better to stay away from this!

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

In the last month HCO has a been trading in the 3.42 - 4.90 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Volume is considerably higher in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

HCO has an average technical rating and it also does not offer a high quality setup 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

3.40

4.11

We found 3 important support areas.

Support @3.58 from a trend line in the daily time frame.
A support zone ranging from 3.51 to 3.52. 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.

We found 1 important resistance area.

A resistance zone ranging from 4.05 to 4.07. This zone is formed by a combination of multiple trend lines and important moving averages 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	NEUTRAL	NEUTRAL	The long term trend for HCO.PA is neutral.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for HCO.PA is down.
ChartMill Relative Strength	88.36	POSITIVE	HCO.PA has a high relative strength, it outperformed 88.36% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of HCO.PA is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of HCO.PA is below a declining SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of HCO.PA is above the rising SMA(200).
Relative Strength Index/RSI (14)	47.14	NEUTRAL	The RSI value for HCO.PA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.03	NEGATIVE	The MACD value suggests HCO.PA has a negative trend, although the MACD value is rising.
Stochastics (14,3)	36.86	NEUTRAL	The Stochastics value for HCO.PA is a neutral value.
Average True Range in percent/ATR (20)	4.53	MEDIUM VOLATILITY	The ATR as a percentage value for HCO.PA suggests some volalility.
Average Directional Index/ADX (14)	34.65	POSITIVE	The high ADX value value for HCO.PA suggests a strong trend.