NASDAQ:HEXO - Nasdaq - CA4283044069 - Common Stock - Currency: USD
We assign a technical rating of 0 out of 10 to HEXO. HEXO's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
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.
0.70
When analyzing the resistance we notice one important area.
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 is down. |
ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for HEXO is down. |
ChartMill Relative Strength | 3.19 | NEGATIVE | HEXO has a low relative strength, it was outperformed by 96.81% off all stocks on the market. |
Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of HEXO is below a declining SMA(20). |
Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of HEXO is below a declining SMA(50). |
Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of HEXO is below a declining SMA(200). |
Relative Strength Index/RSI (14) | 25.85 | OVERSOLD | The low RSI value suggests HEXO may be oversold. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests HEXO has a negative trend, although the MACD value is rising. |
Stochastics (14,3) | 7.74 | OVERSOLD | The low Stochastics value suggests HEXO may be oversold. |
Average True Range in percent/ATR (20) | 9.83 | HIGH VOLATILITY | The high ATR as a percentage value for HEXO suggests high volalility. |
Average Directional Index/ADX (14) | 32.87 | POSITIVE | The high ADX value value for HEXO suggests a strong trend. |
0.71
+0.02 (+2.45%)