HCO Technical Analysis - HIGH CO

Technical Rating and Analysis

Taking everything into account, HCO scores 5 out of 10 in our technical rating. HCO was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.

The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!

Looking at the yearly performance, HCO did better than 87% of all other stocks.

HCO is one of the better performing stocks in the Media industry, it outperforms 85% of 63 stocks in the same industry.

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 3.82 - 4.26 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Considerably lower volume is observed 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

Although the technical rating is only medium, HCO does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 4.00, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

3.40

4.25

We found 4 important support areas.

A support zone ranging from 3.96 to 4.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 3.72 to 3.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
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.

When analyzing the resistance we notice 2 important areas.

Resistance @4.06 from a trend line in the daily time frame.
A resistance zone ranging from 4.17 to 4.21. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.

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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 HCO.PA is up.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for HCO.PA is neutral.
ChartMill Relative Strength	87.58	POSITIVE	HCO.PA has a high relative strength, it outperformed 87.58% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	MIXED	The current price of HCO.PA is above 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)	50.08	NEUTRAL	The RSI value for HCO.PA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.01	POSITIVE	The MACD value suggests HCO.PA has a positive trend.
Stochastics (14,3)	40.91	NEUTRAL	The Stochastics value for HCO.PA is a neutral value.
Average True Range in percent/ATR (20)	3.28	MEDIUM VOLATILITY	The ATR as a percentage value for HCO.PA suggests some volalility.
Average Directional Index/ADX (14)	13.51	NEGATIVE	The low ADX value for HCO.PA suggests a weak or negative trend.