HASHICORP INC-CL A (HCP) Stock Technical Analysis
NASDAQ:HCP - Nasdaq - US4181001037 - Common Stock - Currency: USD
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 one of the better performing stocks in the Software industry, it outperforms 77% of 283 stocks in the same industry.
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.
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
31.40
35.17
When analyzing the support we can see 2 important 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.
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. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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%. | For a 0.57% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
34.78
-0.03 (-0.09%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-0.09%
1 Week0.9%
2 Weeks1.96%
1 Month1.43%
3 Month3.45%
6 Month2.47%
12 Month34.44%
2 Year19.11%
3 Year-30.98%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.22
ATR(20)%0.55%
ATR Inc10.59%
Range Today0.05
ADR(20)0.17
ADR(20)%0.5%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.82
Mansfield-0.11
10 Day High34.85
10 Day Low34.05
20 Day High34.85
20 Day Low33.9
52 Week High34.85
52 Week Low23
CS1 End34.71
CR1 Start34.79
Volume & EV
DER(3)-1.12%
DER(5)0.01%
Volume9.20M
Volume Incr114.44%
Vol(5)7.37M
Vol(50)3.35M