HAWAIIAN ELECTRIC INDS (HE) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:HE - US4198701009 - Common Stock
Taking everything into account, HE scores 7 out of 10 in our technical rating. In the last year, HE was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
Besides having an excellent technical rating, HE also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 11.66, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for HE in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
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8.00
When analyzing the support we can see 3 important areas.
- A support zone ranging from 11.41 to 11.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 10.69 to 11.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @8.08 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @12.18 from a horizontal line in the daily time frame.
- A resistance zone ranging from 12.97 to 12.97. 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 | NEUTRAL | NEUTRAL | The long term trend for HE is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for HE is neutral. |
| ChartMill Relative Strength | 74.21 | POSITIVE | HE has a high relative strength, it outperformed 74.21% 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) | 51.57 | NEUTRAL | The RSI value for HE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests HE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 46.82 | NEUTRAL | The Stochastics value for HE is a neutral value. |
| Average True Range in percent/ATR (20) | 3.52 | MEDIUM VOLATILITY | The ATR as a percentage value for HE suggests some volalility. |
| Average Directional Index/ADX (14) | 21.7 | NEUTRAL | The ADX value for HE suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 12.19 | 11.40 | 0.79 (6.48%) | 15.43% |
| An entry @12.19. This is a Buy Stop order right above the resistance zone. | An exit @11.40. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.79 points, which is 6.48%. | For a 1.00% total portfolio risk, you can invest 15.43% 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.
11.75
+0.33 (+2.89%)
HAWAIIAN ELECTRIC INDS / HE FAQ
What is the ChartMill technical rating of HAWAIIAN ELECTRIC INDS (HE) stock?
ChartMill assigns a technical rating of 7 / 10 to HE.
What is the trend direction for HE stock?
The current trend direction for HAWAIIAN ELECTRIC INDS (HE) is Bearish.
Can you provide the RSI signal for HAWAIIAN ELECTRIC INDS?
HAWAIIAN ELECTRIC INDS (HE) has an RSI value of 51.5742. This indicates that the stock is currently neutral.
Can you provide the MACD signal for HAWAIIAN ELECTRIC INDS?
The MACD indicator for HAWAIIAN ELECTRIC INDS (HE) has a value of 0.0082153, indicating a bearish trend.