HAWAIIAN ELECTRIC INDS (HE) Stock Technical Analysis
NYSE:HE • US4198701009
Overall HE gets a technical rating of 10 out of 10. Both in the recent history as in the last year, HE has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, HE did better than 93% of all other stocks.
- HE is one of the better performing stocks in the Electric Utilities industry, it outperforms 97% of 46 stocks in the same industry.
- HE is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- HE is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- HE has an average volume of 4396300 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although HE 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.
More info and screens
10.58
5 important support areas can be observed.
- A support zone ranging from 16.30 to 16.48. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @11.90 from a trend line in the weekly time frame.
- A support zone ranging from 11.46 to 11.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 10.93 to 11.02. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @10.69 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 17.08 to 17.08. 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 HE is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for HE is up. |
| ChartMill Relative Strength | 93.31 | POSITIVE | HE has a high relative strength, it outperformed 93.31% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of HE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of HE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of HE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 66.85 | NEUTRAL | The RSI value for HE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests HE has a negative trend. |
| Stochastics (14,3) | 68.12 | NEUTRAL | The Stochastics value for HE is a neutral value. |
| Average True Range in percent/ATR (20) | 3.78 | MEDIUM VOLATILITY | The ATR as a percentage value for HE suggests some volalility. |
| Average Directional Index/ADX (14) | 48.45 | POSITIVE | The high ADX value value for HE suggests a strong trend. |
16.82
+0.52 (+3.19%)
HAWAIIAN ELECTRIC INDS / HE FAQ
What is the ChartMill technical rating of HAWAIIAN ELECTRIC INDS (HE) stock?
ChartMill assigns a technical rating of 10 / 10 to HE.
Can you provide the trend direction for HAWAIIAN ELECTRIC INDS?
The current trend direction for HAWAIIAN ELECTRIC INDS (HE) is Bullish.
Can you provide the RSI signal for HAWAIIAN ELECTRIC INDS?
HAWAIIAN ELECTRIC INDS (HE) has an RSI value of 66.8547. This indicates that the stock is currently neutral.
What is the short term momentum for HE stock?
The short term momentum for HAWAIIAN ELECTRIC INDS (HE) is positive.
Can you provide the support and resistance levels for HAWAIIAN ELECTRIC INDS?
HAWAIIAN ELECTRIC INDS (HE) has a support level at 16.48 and a resistance level at 17.08. Check the full technical report for our detailed analysis of HE support and resistance levels.