HAWAIIAN ELECTRIC INDS (HE) Stock Technical Analysis
NYSE:HE - New York Stock Exchange, Inc. - US4198701009 - Common Stock - Currency: USD
We assign a technical rating of 2 out of 10 to HE. HE has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
HE is part of the Electric Utilities industry. There are 47 other stocks in this industry, of which 67% are performing better than HE.
HE is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so HE is lagging the market.
In the last month HE has a been trading in the 10.15 - 11.15 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been consolidating recently, but much resistance may still be present above.
HE has an average volume of 1759190 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
When compared to the yearly performance of all other stocks, HE outperforms 50% of them, which is more or less in line with the market.
HE has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 10.33, a Stop Loss order could be placed below this zone.
More info and screens
8.00
11.58
When analyzing the support we can see 5 important areas.
- A support zone ranging from 10.32 to 10.33. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 9.92 to 10.06. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @9.66 from a horizontal line in the weekly time frame.
- Support @9.35 from a horizontal line in the daily time frame.
- Support @8.08 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 10.41 to 10.64. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 10.93 to 10.99. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @11.17 from a horizontal line in the daily time frame.
- A resistance zone ranging from 11.47 to 11.47. 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 | DOWN | NEGATIVE | The short term trend for HE is down. |
| ChartMill Relative Strength | 50.48 | NEUTRAL | HE is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of HE is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of HE is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of HE is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 45.42 | NEUTRAL | The RSI value for HE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests HE has a negative trend. |
| Stochastics (14,3) | 20.59 | NEUTRAL | The Stochastics value for HE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.46 | MEDIUM VOLATILITY | The ATR as a percentage value for HE suggests some volalility. |
| Average Directional Index/ADX (14) | 13.94 | NEGATIVE | The low ADX value for HE suggests a weak or negative 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)
10.34
+0.09 (+0.88%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryElectric Utilities
Performance
% Chg0.88%
1 Week-4.08%
2 Weeks1.37%
1 Month-4.44%
3 Month-5.57%
6 Month4.66%
12 Month9.19%
2 Year-71.44%
3 Year-74.72%
5 Year-71.33%
10 Year-65.22%
15 Year-54.61%
Volatility
ATR(14)0.24
ATR(20)%2.46%
ATR Inc-34.91%
Range Today0.16
ADR(20)0.25
ADR(20)%2.39%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS50.48
Mansfield-0.81
10 Day High10.81
10 Day Low10.2
20 Day High11.15
20 Day Low10.15
52 Week High18.19
52 Week Low7.61
CS1 End10.33
CR1 Start10.41
Volume & EV
DER(3)-1.12%
DER(5)-1.61%
Volume1.26M
Volume Incr-32.31%
Vol(5)1.20M
Vol(50)1.76M