Horizons Active Flt Rate Pref ETF (HFP.CA) Technical Analysis
TSX:HFP
Current stock price
HFP.CA Technical Rating and Analysis
We assign a technical rating of 7 out of 10 to HFP. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, HFP is a bad performer.
- 70% of all other stocks performed better in the past year than HFP.
- Warning: HFP has an average volume of 5333 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- Both the short term and long term trends are positive. This is a very positive sign.
- A new 52 week high is currently being made by HFP, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- In the last month HFP has a been trading in the 8.31 - 8.99 range, which is quite wide. It is currently trading near the high of this range.
HFP.CA Weekly and Daily overview Charts
HFP.CA Setup Rating and Analysis
Although HFP has an excellent technical rating, it does not offer a high 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.
More info and screens
HFP.CA Support and Resistance Analysis
7.02
When analyzing the support we can see 4 important areas.
- A support zone ranging from 8.70 to 8.84. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 8.35 to 8.48. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @7.95 from a trend line in the daily time frame.
- Support @7.09 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 9.00 to 9.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
HFP.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 HFP.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for HFP.CA is up. |
| ChartMill Relative Strength | 30.9 | NEUTRAL | HFP.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of HFP.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of HFP.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of HFP.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 75.58 | OVERBOUGHT | The high RSI value suggests HFP.CA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests HFP.CA has a positive trend. |
| Stochastics (14,3) | 88.89 | OVERBOUGHT | The high Stochastics value suggests HFP.CA may be overbought. |
| Average True Range in percent/ATR (20) | 0.81 | LOW VOLATILITY | The low ATR as a percentage value for HFP.CA suggests low volalility. |
HFP.CA Chart- and CandleStick Pattern Analysis
HFP.CA Technicals: Chart, Performance Metrics, Trend & Indicators
Horizons Active Flt Rate Pref ETF
TSX:HFP (3/9/2021, 3:57:36 PM)
8.99
+0.09 (+1.01%)
Horizons Active Flt Rate Pref ETF / HFP.CA TA FAQ
What is the technical rating for HFP stock?
ChartMill assigns a technical rating of 7 / 10 to HFP.CA.
What is the trend direction for HFP stock?
The current trend direction for Horizons Active Flt Rate Pref ETF (HFP.CA) is Bullish.
Can you provide the RSI signal for Horizons Active Flt Rate Pref ETF?
Horizons Active Flt Rate Pref ETF (HFP.CA) has an RSI value of 75.5832. This indicates that the stock is currently overbought.
Can you provide the MACD signal for Horizons Active Flt Rate Pref ETF?
The MACD indicator for Horizons Active Flt Rate Pref ETF (HFP.CA) has a value of 0.00148379, indicating a bearish trend.
Can you provide the buy/sell signal for Horizons Active Flt Rate Pref ETF?
The buy/sell signal for Horizons Active Flt Rate Pref ETF (HFP.CA) is buy as both the short term and long term trends are positive.