HUDSON TECHNOLOGIES INC (HDSN)       10.66  +0.25 (+2.4%)

10.66  +0.25 (+2.4%)

US4441441098 - Common Stock

Technical Rating

6

We assign a technical rating of 6 out of 10 to HDSN. In the last year, HDSN was one of the better performers, but we do observe some doubts in the very recent evolution.



The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
HDSN is one of the better performing stocks in the Trading Companies & Distributors industry, it outperforms 98% of 57 stocks in the same industry.
HDSN is currently trading in the upper part of its 52 week range. The market is still in the middle of its 52 week range, so HDSN slightly outperforms the market at the moment.
Looking at the yearly performance, HDSN did better than 98% of all other stocks. On top of that, HDSN also shows a nice and consistent pattern of rising prices. However, this overall performance is mostly based on the strong move around 10 months ago.
In the last month HDSN has a been trading in the 9.46 - 11.11 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Statistics

1 Month 3 Months 6 Months 12 Months 6.55% -1.23% 10.74% 176.86% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 98.51 3.48 - 12.46
HDSN Weekly chart
HDSN Daily chart

Support/Resistance Analysis


6.84

10.77
We found 4 important support areas.
  • A support zone ranging from 10.48 to 10.50. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
  • A support zone ranging from 9.67 to 9.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @8.84 from a trend line in the weekly time frame.
  • Support @6.91 from a trend line in the daily time frame.

Setup Analysis

Setup Rating

7

Although the technical rating is only medium, HDSN does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 9.77, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for HDSN in the last couple of days, which is a good sign.

  • Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.

Possible Trading Setup

The following trade can be suggested based on the decent technical rating and setup score.


ENTRYEXITDISTANCECAPITAL
10.519.550.96 (9.13%)10.95%
An entry @10.51. This is a Buy Stop order right above the resistance zone.An exit @9.55. This is a Stop Loss order right below the 10 day low.The trade has a worst case loss of 0.96 points, which is 9.13%.For a 1.00% total portfolio risk, you can invest 10.95% of your capital in this trade.

  • The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
  • This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
HDSN Daily chart

HUDSON TECHNOLOGIES INC10.66

NASDAQ:HDSN (2/2/2023, 9:28:10 AM)+0.25 (+2.4%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Industrials
GICS Industry Trading Companies & Distributors

Performance
Today 2.4% 1 Week 4.83%
2 Weeks 0.87% 1 Month 6.55%
3 Month -1.23% 6 Month 10.74%

Volatility
ATR(14) 0.48 ATR(20)% 4.48%
ATR Inc 14.13% Range Today 0.23

Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)

Relative Strength & Ranges
CRS 98.51 Mansfield 2
10 Day High 10.52 10 Day Low 9.56
20 Day High 11.11 20 Day Low 9.46
52 Week High 12.46 52 Week Low 3.48
CS1 End 9.77 CR1 Start 10.48

Volume & EV
DER(3) 5.04% DER(5) 1.75%
Volume 98.77K Volume Incr -8.97%
Vol(5) 464.72K Vol(50) 552.70K

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