HEALTHCARE SERVICES GROUP (HCSG) Stock Technical Analysis
NASDAQ:HCSG - Nasdaq - US4219061086 - Common Stock - Currency: USD
Taking everything into account, HCSG scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, HCSG has proven to be a steady performer, scoring decent points in every aspect analyzed.
HCSG has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 14.78. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 14.19, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for HCSG in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
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9.22
When analyzing the support we can see 3 important areas.
- A support zone ranging from 13.98 to 14.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @9.53 from a horizontal line in the weekly time frame.
- Support @9.31 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 14.78 to 14.81. 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 HCSG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for HCSG is up. |
| ChartMill Relative Strength | 91.96 | POSITIVE | HCSG has a high relative strength, it outperformed 91.96% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of HCSG is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of HCSG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of HCSG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.48 | NEUTRAL | The RSI value for HCSG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.17 | NEGATIVE | The MACD value suggests HCSG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 30.77 | NEUTRAL | The Stochastics value for HCSG is a neutral value. |
| Average True Range in percent/ATR (20) | 2.59 | MEDIUM VOLATILITY | The ATR as a percentage value for HCSG suggests some volalility. |
| Average Directional Index/ADX (14) | 38.81 | POSITIVE | The high ADX value value for HCSG suggests a strong trend. |
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 |
|---|---|---|---|
| 14.82 | 13.97 | 0.85 (5.74%) | 17.44% |
| An entry @14.82. This is a Buy Stop order right above the resistance zone. | An exit @13.97. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.85 points, which is 5.74%. | When investing 17.44% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
14.25
+0.13 (+0.92%)