HEIA Technical Analysis - HEINEKEN NV

Technical Rating and Analysis

Overall HEIA gets a technical rating of 3 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. HEIA was also a bad performer in the overall market in the last year.

88% of all other stocks performed better in the past year than HEIA.

HEIA is part of the Beverages industry. There are 26 other stocks in this industry, of which 60% are performing better than HEIA.

In the last month HEIA has a been trading in the 64.52 - 71.05 range, which is quite wide. It is currently trading near the high of this range.

The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.

HEIA is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so HEIA 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.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

The technical rating of HEIA is bad and it also does not present a 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

63.44

83.35

When analyzing the support we can see 2 important areas.

A support zone ranging from 66.93 to 67.72. 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 64.08 to 65.08. This zone is formed by a combination of multiple trend lines in multiple time frames.

We can see 4 important resistance areas.

A resistance zone ranging from 73.68 to 73.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @77.56 from a horizontal line in the daily time frame.
A resistance zone ranging from 78.92 to 79.48. This zone is formed by a combination of multiple trend lines in the daily time frame.
A resistance zone ranging from 81.20 to 82.52. This zone is formed by a combination of multiple trend lines in multiple time frames.

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Support and Resistance indicators

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Technical Indicator Signal Analysis

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	DOWN	NEGATIVE	The long term trend for HEIA.AS is down.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for HEIA.AS is up.
ChartMill Relative Strength	12.25	NEGATIVE	HEIA.AS has a low relative strength, it was outperformed by 87.75% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of HEIA.AS is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of HEIA.AS is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	MIXED	The current price of HEIA.AS is below the rising SMA(200).
Relative Strength Index/RSI (14)	73.71	OVERBOUGHT	The high RSI value suggests HEIA.AS may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.62	POSITIVE	The MACD value suggests HEIA.AS has a positive trend.
Stochastics (14,3)	95.85	OVERBOUGHT	The high Stochastics value suggests HEIA.AS may be overbought.
Average True Range in percent/ATR (20)	1.59	LOW VOLATILITY	The low ATR as a percentage value for HEIA.AS suggests low volalility.
Average Directional Index/ADX (14)	25.37	POSITIVE	The high ADX value value for HEIA.AS suggests a strong trend.