H2O Innovation Inc (HEO.CA) Technical Analysis
TSX:HEO • CA4433003064
Current stock price
HEO.CA Technical Rating and Analysis
We assign a technical rating of 10 out of 10 to HEO. Both in the recent history as in the last year, HEO has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, HEO did better than 97% of all other stocks. We also observe that the gains produced by HEO over the past year are nicely spread over this period.
- HEO is part of the Machinery industry. There are 22 other stocks in this industry. HEO outperforms 100% of them.
- A new 52 week high is currently being made by HEO, which is a very good signal! Especially since the S&P500 is only trading in the upper part of its 52 week range, so HEO is leading the market.
- In the last month HEO has a been trading in a tight range between 4.18 and 4.25.
- Considerably lower volume is observed in the last couple of days.
HEO.CA Weekly and Daily overview Charts
HEO.CA Setup Rating and Analysis
Besides having an excellent technical rating, HEO also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 4.26. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 4.24, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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.
More info and screens
HEO.CA Support and Resistance Analysis
2.54
When analyzing the support we can see 3 important areas.
- A support zone ranging from 4.14 to 4.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @2.75 from a horizontal line in the daily time frame.
- Support @2.57 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 4.26 to 4.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
HEO.CA 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 | UP | POSITIVE | The long term trend for HEO.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for HEO.CA is up. |
| ChartMill Relative Strength | 97.23 | POSITIVE | HEO.CA has a high relative strength, it outperformed 97.23% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of HEO.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of HEO.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of HEO.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 75.78 | OVERBOUGHT | The high RSI value suggests HEO.CA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests HEO.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 95.24 | OVERBOUGHT | The high Stochastics value suggests HEO.CA may be overbought. |
| Average True Range in percent/ATR (20) | 0.41 | LOW VOLATILITY | The low ATR as a percentage value for HEO.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 52.19 | POSITIVE | The high ADX value value for HEO.CA suggests a strong trend. |
HEO.CA Chart- and CandleStick Pattern Analysis
HEO.CA Example Setup
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 |
|---|---|---|---|
| 4.27 | 4.20 | 0.07 (1.64%) | 25.00% |
| An entry @4.27. This is a Buy Stop order right above the resistance zone. | An exit @4.20. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.07 points, which is 1.64%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.41%. |
- 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.
HEO.CA Technicals: Chart, Performance Metrics, Trend & Indicators
TSX:HEO (12/11/2023, 7:00:00 PM)
4.25
+0.01 (+0.24%)
H2O Innovation Inc / HEO.CA TA FAQ
Can you provide the ChartMill technical rating for H2O Innovation Inc?
ChartMill assigns a technical rating of 10 / 10 to HEO.CA.
Can you provide the trend direction for H2O Innovation Inc?
The current trend direction for H2O Innovation Inc (HEO.CA) is Bullish.
What is the RSI signal for HEO stock?
H2O Innovation Inc (HEO.CA) has an RSI value of 75.7846. This indicates that the stock is currently overbought.
What is the short term momentum for HEO stock?
The short term momentum for H2O Innovation Inc (HEO.CA) is positive.
Can you provide the support and resistance levels for H2O Innovation Inc?
H2O Innovation Inc (HEO.CA) has a support level at 4.24 and a resistance level at 4.26. Check the full technical report for our detailed analysis of HEO.CA support and resistance levels.