CHINA HGS REAL ESTATE INC (HGSH) Stock Technical Analysis
NASDAQ:HGSH
Overall HGSH gets a technical rating of 8 out of 10. Both in the recent history as in the last year, HGSH has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Both the short term and long term trends are positive. This is a very positive sign.
- HGSH is one of the better performing stocks in the Real Estate Management & Development industry, it outperforms 98% of 62 stocks in the same industry.
- When comparing the yearly performance of all stocks, we notice that HGSH is one of the better performing stocks in the market, outperforming 95% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
- HGSH is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so HGSH is lagging the market.
- In the last month HGSH has a been trading in the 2.23 - 3.80 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although HGSH has an excellent technical rating, it does not present a decent entry opportunity 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
1.68
When analyzing the support we can see 3 important areas.
- Support @2.87 from a horizontal line in the daily time frame.
- A support zone ranging from 1.77 to 1.78. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 1.70 to 1.72. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 3.10 to 3.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @3.48 from a horizontal line in the daily 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 | UP | POSITIVE | The long term trend for HGSH is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for HGSH is up. |
| ChartMill Relative Strength | 95.38 | POSITIVE | HGSH has a high relative strength, it outperformed 95.38% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of HGSH is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of HGSH is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of HGSH is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.51 | NEUTRAL | The RSI value for HGSH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests HGSH has a negative trend. |
| Stochastics (14,3) | 31.3 | NEUTRAL | The Stochastics value for HGSH is a neutral value. |
| Average True Range in percent/ATR (20) | 12.51 | HIGH VOLATILITY | The high ATR as a percentage value for HGSH suggests high volalility. |
3.02
+0.06 (+1.85%)
CHINA HGS REAL ESTATE INC / HGSH FAQ
What is the ChartMill technical rating of CHINA HGS REAL ESTATE INC (HGSH) stock?
ChartMill assigns a technical rating of 7 / 10 to HGSH.
What is the current trend direction of CHINA HGS REAL ESTATE INC (HGSH) stock?
The current trend direction for CHINA HGS REAL ESTATE INC (HGSH) is Bullish.
Can you provide the RSI signal for CHINA HGS REAL ESTATE INC?
CHINA HGS REAL ESTATE INC (HGSH) has an RSI value of 53.5104. This indicates that the stock is currently neutral.
What is the MACD signal for HGSH stock?
The MACD indicator for CHINA HGS REAL ESTATE INC (HGSH) has a value of -0.0300585, indicating a bearish trend.
What is the short term momentum for HGSH stock?
The short term momentum for CHINA HGS REAL ESTATE INC (HGSH) is positive.