We assign a technical rating of 1 out of 10 to HCTI. HCTI's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is bad, HCTI does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 2.55. Right above this resistance zone may be a good entry point. Another positive sign is the recent Pocket Pivot signal.
- 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.
More info and screens
1.82
2 important support areas can be observed.
- Support @1.96 from a trend line in the weekly time frame.
- Support @1.84 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 2.55 to 2.58. This zone is formed by a combination of multiple trend lines in the daily time frame.
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 | NEUTRAL | NEUTRAL | The short term trend for HCTI is neutral. |
| ChartMill Relative Strength | 3.77 | NEGATIVE | HCTI has a low relative strength, it was outperformed by 96.23% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of HCTI is above the rising 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) | 50.14 | NEUTRAL | The RSI value for HCTI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests HCTI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 82.15 | OVERBOUGHT | The high Stochastics value suggests HCTI may be overbought. |
| Average True Range in percent/ATR (20) | 10.13 | HIGH VOLATILITY | The high ATR as a percentage value for HCTI suggests high volalility. |
| Average Directional Index/ADX (14) | 17.05 | NEGATIVE | The low ADX value for HCTI suggests a weak or negative trend. |
2.34
-0.12 (-4.88%)
HEALTHCARE TRIANGLE INC / HCTI FAQ
Can you provide the ChartMill technical rating for HEALTHCARE TRIANGLE INC?
ChartMill assigns a technical rating of 1 / 10 to HCTI.
What is the current trend direction of HEALTHCARE TRIANGLE INC (HCTI) stock?
The current trend direction for HEALTHCARE TRIANGLE INC (HCTI) is Bearish.
What is the RSI signal for HEALTHCARE TRIANGLE INC (HCTI) stock?
HEALTHCARE TRIANGLE INC (HCTI) has an RSI value of 50.1365. This indicates that the stock is currently neutral.
What are the support and resistance levels for HEALTHCARE TRIANGLE INC (HCTI) stock?
HEALTHCARE TRIANGLE INC (HCTI) has a support level at 1.96 and a resistance level at 2.55. Check the full technical report for our detailed analysis of HCTI support and resistance levels.