HCWC Technical Analysis - HEALTHY CHOICE WELLNESS CORP

Technical Rating and Analysis

Overall HCWC gets a technical rating of 7 out of 10. In the last year, HCWC was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.

HCWC is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.

HCWC is one of the better performing stocks in the Consumer Staples Distribution & Retail industry, it outperforms 79% of 40 stocks in the same industry.

In the last month HCWC has a been trading in the 0.38 - 0.98 range, which is quite wide. It is currently trading near the high of this range.

Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.

Looking at the yearly performance, HCWC did better than 78% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

HEALTHY CHOICE WELLNESS CORP / HCWC Weekly stock chart

HEALTHY CHOICE WELLNESS CORP / HCWC Daily stock chart

Setup Rating and Analysis

Although HCWC has an excellent technical rating, it does not offer a high quality setup 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

0.39

0.83

We found 1 important support area.

Support @0.39 from a horizontal line in the daily time frame.

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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	NEUTRAL	NEUTRAL	The long term trend for HCWC is neutral.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for HCWC is up.
ChartMill Relative Strength	78.8	POSITIVE	HCWC has a high relative strength, it outperformed 78.8% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of HCWC is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of HCWC is above the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	MIXED	The current price of HCWC is above a declining SMA(200).
Relative Strength Index/RSI (14)	74.72	OVERBOUGHT	The high RSI value suggests HCWC may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.05	POSITIVE	The MACD value suggests HCWC has a positive trend, although the MACD value is declining.
Stochastics (14,3)	80.45	OVERBOUGHT	The high Stochastics value suggests HCWC may be overbought.
Average True Range in percent/ATR (20)	9.2	HIGH VOLATILITY	The high ATR as a percentage value for HCWC suggests high volalility.
Average Directional Index/ADX (14)	33.52	POSITIVE	The high ADX value value for HCWC suggests a strong trend.