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HEXO CORP (HEXO) Stock Technical Analysis

USA - NASDAQ:HEXO - CA4283044069 - Common Stock

0.71 USD
+0.02 (+2.45%)
Last: 6/22/2023, 8:09:01 PM
0.69 USD
-0.02 (-2.82%)
After Hours: 6/22/2023, 8:09:01 PM
Technical Rating and Analysis

0

We assign a technical rating of 0 out of 10 to HEXO. 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.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, HEXO is a bad performer in the overall market: 97% of all stocks are doing better.
HEXO is part of the Pharmaceuticals industry. There are 191 other stocks in this industry, of which 86% are performing better than HEXO.
HEXO is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
In the last month HEXO has a been trading in the 0.66 - 1.28 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.

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Weekly and Daily overview Charts
HEXO CORP / HEXO Weekly stock chart
HEXO CORP / HEXO Daily stock chart
Setup Rating and Analysis

3

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.

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Support and Resistance Analysis

0.70

1.36

We found 1 important resistance area.

  • A resistance zone ranging from 1.34 to 1.35. This zone is formed by a combination of multiple trend lines in multiple time frames.

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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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorDOWNNEGATIVEThe long term trend for HEXO is down.
ChartMill Short Term Trend IndicatorDOWNNEGATIVEThe short term trend for HEXO is down.
ChartMill Relative Strength3.19NEGATIVEHEXO has a low relative strength, it was outperformed by 96.81% off all stocks on the market.
Simple Moving Average/SMA (20)DOWNNEGATIVEThe current price of HEXO is below a declining SMA(20).
Simple Moving Average/SMA (50)DOWNNEGATIVEThe current price of HEXO is below a declining SMA(50).
Simple Moving Average/SMA (200)DOWNNEGATIVEThe current price of HEXO is below a declining SMA(200).
Relative Strength Index/RSI (14)25.85OVERSOLDThe low RSI value suggests HEXO may be oversold.
Moving Average Convergence Divergence/MACD (12, 26, 9)-0.01NEGATIVEThe MACD value suggests HEXO has a negative trend, although the MACD value is rising.
Stochastics (14,3)7.74OVERSOLDThe low Stochastics value suggests HEXO may be oversold.
Average True Range in percent/ATR (20)9.83HIGH VOLATILITYThe high ATR as a percentage value for HEXO suggests high volalility.
Average Directional Index/ADX (14)32.87POSITIVEThe high ADX value value for HEXO suggests a strong trend.
Chart- and CandleStick Pattern Analysis
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)

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HEXO CORP / HEXO Daily stock chart

HEXO CORP

NASDAQ:HEXO (6/22/2023, 8:09:01 PM)

After market: 0.69 -0.02 (-2.82%)

0.71

+0.02 (+2.45%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg2.45%
1 Week-7.88%
2 Weeks-23.66%
1 Month-43.65%
3 Month-45.38%
6 Month-32.38%
12 Month-78.85%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.06
ATR(20)%9.83%
ATR Inc-12.84%
Range Today0.05
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS3.19
3 months CRSN/A
6 months CRSN/A
Mansfield-6.65
10 Day High0.97
10 Day Low0.66
20 Day High1.28
20 Day Low0.66
52 Week High3.84
52 Week Low0.66
CS1 EndN/A
CR1 Start1.34
Volume & EV
DER(3)3.17%
DER(5)-0.04%
Volume305.50K
Volume Incr12.36%
Vol(5)451.42K
Vol(50)411.05K

HEXO CORP / HEXO FAQ

Can you provide the ChartMill technical rating for HEXO CORP?

ChartMill assigns a technical rating of 0 / 10 to HEXO.


Can you provide the trend direction for HEXO CORP?

The current trend direction for HEXO CORP (HEXO) is Bearish.


Can you provide the RSI signal for HEXO CORP?

HEXO CORP (HEXO) has an RSI value of 25.8506. This indicates that the stock is currently oversold.


What is the short term momentum for HEXO CORP (HEXO) stock?

The short term momentum for HEXO CORP (HEXO) is negative.


What are the support and resistance levels for HEXO CORP (HEXO) stock?

HEXO CORP (HEXO) has a resistance level at 1.34. Check the full technical report for our detailed analysis of HEXO support and resistance levels.