Taking everything into account, HGBL scores 1 out of 10 in our technical rating. HGBL'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 HGBL 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
1.19
2 important support areas can be observed.
- Support @1.24 from a horizontal line in the daily time frame.
- A support zone ranging from 1.20 to 1.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 1.37 to 1.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.98 from a trend line in the weekly time frame.
- Resistance @2.11 from a trend line in the weekly time frame.
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 HGBL is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for HGBL is neutral. |
| ChartMill Relative Strength | 13.48 | NEGATIVE | HGBL has a low relative strength, it was outperformed by 86.52% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of HGBL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of HGBL is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of HGBL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 59.11 | NEUTRAL | The RSI value for HGBL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests HGBL has a positive trend. |
| Stochastics (14,3) | 67.51 | NEUTRAL | The Stochastics value for HGBL is a neutral value. |
| Average True Range in percent/ATR (20) | 4.55 | MEDIUM VOLATILITY | The ATR as a percentage value for HGBL suggests some volalility. |
| Average Directional Index/ADX (14) | 19.69 | NEGATIVE | The low ADX value for HGBL suggests a weak or negative trend. |
1.36
+0.06 (+4.62%)
HERITAGE GLOBAL INC / HGBL FAQ
What is the technical rating for HGBL stock?
ChartMill assigns a technical rating of 1 / 10 to HGBL.
Can you provide the trend direction for HERITAGE GLOBAL INC?
The current trend direction for HERITAGE GLOBAL INC (HGBL) is Bearish.
What is the RSI signal for HGBL stock?
HERITAGE GLOBAL INC (HGBL) has an RSI value of 59.1078. This indicates that the stock is currently neutral.
What is the short term momentum for HERITAGE GLOBAL INC (HGBL) stock?
The short term momentum for HERITAGE GLOBAL INC (HGBL) is neutral.
What are the support and resistance levels for HERITAGE GLOBAL INC (HGBL) stock?
HERITAGE GLOBAL INC (HGBL) has a support level at 1.24 and a resistance level at 1.37. Check the full technical report for our detailed analysis of HGBL support and resistance levels.