HASHICORP INC-CL A (HCP) Technical Analysis
NASDAQ:HCP • US4181001037
Current stock price
HCP Technical Rating and Analysis
We assign a technical rating of 9 out of 10 to HCP. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, HCP is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, HCP did better than 89% of all other stocks.
- HCP is part of the Software industry. There are 275 other stocks in this industry. HCP outperforms 93% of them.
- HCP is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so HCP is leading the market.
- HCP has an average volume of 3352930 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month HCP has a been trading in a tight range between 33.90 and 34.84.
- Volume is considerably higher in the last couple of days.
HCP Weekly and Daily overview Charts
HCP Setup Rating and Analysis
Although HCP 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
HCP Support and Resistance Analysis
31.40
We found 2 important support areas.
- A support zone ranging from 33.28 to 34.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @31.72 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 34.79 to 34.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
HCP 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 HCP is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for HCP is up. |
| ChartMill Relative Strength | 89.82 | POSITIVE | HCP has a high relative strength, it outperformed 89.82% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of HCP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of HCP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of HCP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 70.75 | OVERBOUGHT | The high RSI value suggests HCP may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests HCP has a positive trend. |
| Stochastics (14,3) | 90.01 | OVERBOUGHT | The high Stochastics value suggests HCP may be overbought. |
| Average True Range in percent/ATR (20) | 0.55 | LOW VOLATILITY | The low ATR as a percentage value for HCP suggests low volalility. |
| Average Directional Index/ADX (14) | 22.32 | NEUTRAL | The ADX value for HCP suggests a possible start of a new trend. |
HCP Chart- and CandleStick Pattern Analysis
HCP 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 |
|---|---|---|---|
| 34.83 | 34.04 | 0.79 (2.27%) | 25.00% |
| An entry @34.83. This is a Buy Stop order right above the resistance zone. | An exit @34.04. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.79 points, which is 2.27%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.57%. |
- 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.
HCP Technicals: Chart, Performance Metrics, Trend & Indicators
34.78
-0.03 (-0.09%)
HASHICORP INC-CL A / HCP TA FAQ
What is the ChartMill technical rating of HASHICORP INC-CL A (HCP) stock?
ChartMill assigns a technical rating of 9 / 10 to HCP.
Can you provide the trend direction for HASHICORP INC-CL A?
The current trend direction for HASHICORP INC-CL A (HCP) is Bullish.
What is the RSI signal for HASHICORP INC-CL A (HCP) stock?
HASHICORP INC-CL A (HCP) has an RSI value of 70.753. This indicates that the stock is currently overbought.
What is the MACD signal for HCP stock?
The MACD indicator for HASHICORP INC-CL A (HCP) has a value of 0.0538676, indicating a bearish trend.
What is the short term momentum for HASHICORP INC-CL A (HCP) stock?
The short term momentum for HASHICORP INC-CL A (HCP) is positive.