HDSN Technical Analysis - HUDSON TECHNOLOGIES INC

Technical Rating and Analysis

Overall HDSN gets a technical rating of 2 out of 10. HDSN has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.

In the last month HDSN has a been trading in the 8.72 - 10.06 range, which is quite wide. It is currently trading near the lows of this range.

The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.

When compared to the yearly performance of all other stocks, HDSN outperforms 63% of them, which is more or less in line with the market.

HDSN is an average performer in the Trading Companies & Distributors industry, it outperforms 62% of 49 stocks in the same industry.

HDSN is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so HDSN is lagging the market.

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

HUDSON TECHNOLOGIES INC / HDSN Weekly stock chart

HUDSON TECHNOLOGIES INC / HDSN Daily stock chart

Setup Rating and Analysis

Although the technical rating is bad, HDSN does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 8.73, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

8.64

9.96

When analyzing the support we notice one important area.

A support zone ranging from 8.73 to 8.73. This zone is formed by a combination of multiple trend lines in multiple time frames.

We can see 2 important resistance areas.

A resistance zone ranging from 9.20 to 9.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 9.74 to 9.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

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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	UP	POSITIVE	The long term trend for HDSN is up.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for HDSN is down.
ChartMill Relative Strength	63.83	NEUTRAL	HDSN is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of HDSN is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of HDSN is below a declining SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of HDSN is above the rising SMA(200).
Relative Strength Index/RSI (14)	35.16	NEUTRAL	The RSI value for HDSN is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.06	NEGATIVE	The MACD value suggests HDSN has a negative trend.
Stochastics (14,3)	19.63	OVERSOLD	The low Stochastics value suggests HDSN may be oversold.
Average True Range in percent/ATR (20)	3.15	MEDIUM VOLATILITY	The ATR as a percentage value for HDSN suggests some volalility.
Average Directional Index/ADX (14)	32.41	POSITIVE	The high ADX value value for HDSN suggests a strong trend.