HUDSON TECHNOLOGIES INC (HDSN) Stock Technical Analysis
NASDAQ:HDSN - Nasdaq - US4441441098 - Common Stock - Currency: USD
We assign a technical rating of 8 out of 10 to HDSN. Although HDSN is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
The long and short term trends are both positive. This is looking good!
HDSN is one of the better performing stocks in the Trading Companies & Distributors industry, it outperforms 71% of 47 stocks in the same industry.
In the last month HDSN has a been trading in the 6.89 - 8.04 range, which is quite wide. It is currently trading near the high of this range.
When comparing the yearly performance of all stocks, we notice that HDSN is one of the better performing stocks in the market, outperforming 72% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
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.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although HDSN has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
5.20
8.02
We found 6 important support areas.
- Support @7.90 from a trend line in the daily time frame.
- A support zone ranging from 6.95 to 7.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @6.04 from a horizontal line in the daily time frame.
- Support @5.73 from a horizontal line in the daily time frame.
- Support @5.57 from a trend line in the weekly time frame.
- Support @5.25 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 7.94 to 7.94. 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 HDSN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for HDSN is up. |
| ChartMill Relative Strength | 72.41 | POSITIVE | HDSN has a high relative strength, it outperformed 72.41% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of HDSN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of HDSN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of HDSN is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 67.4 | NEUTRAL | The RSI value for HDSN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests HDSN has a positive trend. |
| Stochastics (14,3) | 83.48 | OVERBOUGHT | The high Stochastics value suggests HDSN may be overbought. |
| Average True Range in percent/ATR (20) | 3.16 | MEDIUM VOLATILITY | The ATR as a percentage value for HDSN suggests some volalility. |
| Average Directional Index/ADX (14) | 26.79 | POSITIVE | The high ADX value value for HDSN suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
7.93
+0.65 (+8.93%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryTrading Companies & Distributors
Performance
% Chg8.93%
1 Week8.48%
2 Weeks11.61%
1 Month1.41%
3 Month28.94%
6 Month49.91%
12 Month-9.37%
2 Year-17.57%
3 Year5.59%
5 Year685.15%
10 Year127.22%
15 Year288.73%
Volatility
ATR(14)0.26
ATR(20)%3.16%
ATR Inc140.9%
Range Today0.39
ADR(20)0.23
ADR(20)%2.91%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS72.41
Mansfield0.89
10 Day High8.04
10 Day Low6.99
20 Day High8.04
20 Day Low6.89
52 Week High9.28
52 Week Low5.11
CS1 End7.9
CR1 Start7.94
Volume & EV
DER(3)-0.6%
DER(5)-0.03%
Volume999.10K
Volume Incr7.68%
Vol(5)456.04K
Vol(50)525.84K