CHINA HGS REAL ESTATE INC (HGSH) Stock Technical Analysis
USA - NASDAQ:HGSH - Common Stock
Overall HGSH gets a technical rating of 8 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, HGSH is showing a nice and steady performance.
Although HGSH has an excellent technical rating, it does not offer a high 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.
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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 trend direction for 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 buy/sell signal for CHINA HGS REAL ESTATE INC (HGSH) stock?
The buy/sell signal for CHINA HGS REAL ESTATE INC (HGSH) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for CHINA HGS REAL ESTATE INC?
CHINA HGS REAL ESTATE INC (HGSH) has a support level at 2.87 and a resistance level at 3.1. Check the full technical report for our detailed analysis of HGSH support and resistance levels.