HCTI Technical Analysis - HEALTHCARE TRIANGLE INC

Technical Rating and Analysis

We assign a technical rating of 0 out of 10 to HCTI. HCTI scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.

When comparing the yearly performance of all stocks, HCTI is a bad performer in the overall market: 100% of all stocks are doing better.

HCTI is one of the lesser performing stocks in the Health Care Technology industry. 91% of 35 stocks in the same industry do better.

HCTI is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.

HCTI has an average volume of 182919000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

In the last month HCTI has a been trading in the 2.00 - 3.08 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

HEALTHCARE TRIANGLE INC / HCTI Weekly stock chart

HEALTHCARE TRIANGLE INC / HCTI Daily stock chart

Setup Rating and Analysis

Although the technical rating is bad, HCTI does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

2.09

2.73

3 important support areas can be observed.

A support zone ranging from 2.51 to 2.52. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Support @2.26 from a horizontal line in the weekly time frame.
Support @2.11 from a trend line in the daily time frame.

We found 1 important resistance area.

Resistance @2.70 from a horizontal line 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	DOWN	NEGATIVE	The long term trend for HCTI is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for HCTI is down.
ChartMill Relative Strength	0.43	NEGATIVE	HCTI has a low relative strength, it was outperformed by 99.57% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	MIXED	The current price of HCTI is above a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of HCTI is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of HCTI is below a declining SMA(200).
Relative Strength Index/RSI (14)	43.8	NEUTRAL	The RSI value for HCTI is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.19	POSITIVE	The MACD value suggests HCTI has a positive trend, although the MACD value is declining.
Stochastics (14,3)	75.76	NEUTRAL	The Stochastics value for HCTI is a neutral value.
Average True Range in percent/ATR (20)	8.48	HIGH VOLATILITY	The high ATR as a percentage value for HCTI suggests high volalility.
Average Directional Index/ADX (14)	5.9	NEGATIVE	The low ADX value for HCTI suggests a weak or negative trend.