HEXO Corp (HEXO.CA) Technical Analysis
TSX:HEXO • CA4283044069
Current stock price
HEXO.CA Technical Rating and Analysis
Taking everything into account, HEXO scores 0 out of 10 in our technical rating. HEXO scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 98% of all other stocks performed better in the past year than HEXO.
- HEXO is part of the Pharmaceuticals industry. There are 32 other stocks in this industry, of which 90% are performing better than HEXO.
- HEXO is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month HEXO has a been trading in the 0.85 - 1.43 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
HEXO.CA Weekly and Daily overview Charts
HEXO.CA Setup Rating and Analysis
The technical rating of HEXO is bad and it also does not present a 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
HEXO.CA Support and Resistance Analysis
0.87
3 important resistance areas can be observed.
- A resistance zone ranging from 1.58 to 1.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1.74 from a trend line in the weekly time frame.
- Resistance @2.04 from a horizontal line in the daily time frame.
HEXO.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 | DOWN | NEGATIVE | The long term trend for HEXO.CA is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for HEXO.CA is down. |
| ChartMill Relative Strength | 2.07 | NEGATIVE | HEXO.CA has a low relative strength, it was outperformed by 97.93% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of HEXO.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of HEXO.CA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of HEXO.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 26.83 | OVERSOLD | The low RSI value suggests HEXO.CA may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests HEXO.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 6.71 | OVERSOLD | The low Stochastics value suggests HEXO.CA may be oversold. |
| Average True Range in percent/ATR (20) | 8.86 | HIGH VOLATILITY | The high ATR as a percentage value for HEXO.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 46.86 | POSITIVE | The high ADX value value for HEXO.CA suggests a strong trend. |
HEXO.CA Chart- and CandleStick Pattern Analysis
HEXO.CA Technicals: Chart, Performance Metrics, Trend & Indicators
TSX:HEXO (6/26/2023, 7:00:00 PM)
0.88
+0.01 (+1.15%)
HEXO Corp / HEXO.CA TA FAQ
Can you provide the ChartMill technical rating for HEXO Corp?
ChartMill assigns a technical rating of 0 / 10 to HEXO.CA.
What is the trend direction for HEXO stock?
The current trend direction for HEXO Corp (HEXO.CA) is Bearish.
What is the RSI signal for HEXO stock?
HEXO Corp (HEXO.CA) has an RSI value of 26.8269. This indicates that the stock is currently oversold.
What is the short term momentum for HEXO stock?
The short term momentum for HEXO Corp (HEXO.CA) is negative.
Can you provide the support and resistance levels for HEXO Corp?
HEXO Corp (HEXO.CA) has a resistance level at 1.58. Check the full technical report for our detailed analysis of HEXO.CA support and resistance levels.