HERITAGE GLOBAL INC (HGBL) Stock Technical Analysis
NASDAQ:HGBL - Nasdaq - US42727E1038 - Common Stock - Currency: USD
Taking everything into account, HGBL scores 2 out of 10 in our technical rating. HGBL has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
Although the technical rating is bad, HGBL does present a nice setup opportunity. 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 2.16. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 2.12, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for HGBL in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- 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
1.95
We found 2 important support areas.
- A support zone ranging from 2.10 to 2.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 1.97 to 2.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 2.16 to 2.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 2.36 to 2.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The long term trend for HGBL is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for HGBL is down. |
| ChartMill Relative Strength | 61.86 | NEUTRAL | HGBL is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of HGBL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of HGBL is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of HGBL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.61 | NEUTRAL | The RSI value for HGBL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests HGBL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 54.15 | NEUTRAL | The Stochastics value for HGBL is a neutral value. |
| Average True Range in percent/ATR (20) | 3.11 | MEDIUM VOLATILITY | The ATR as a percentage value for HGBL suggests some volalility. |
| Average Directional Index/ADX (14) | 23.13 | NEUTRAL | The ADX value for HGBL suggests a possible start of a new trend. |
NASDAQ:HGBL (8/6/2025, 11:53:32 AM)
2.13
-0.03 (-1.39%)