Overall HHRS gets a technical rating of 7 out of 10. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, HHRS is a bad performer.
Besides having an excellent technical rating, HHRS also presents a decent setup pattern. 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 15.33. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 15.08, a Stop Loss order could be placed below this zone.
More info and screens
13.83
We found 2 important support areas.
- A support zone ranging from 14.57 to 15.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 13.97 to 14.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 15.33 to 15.35. 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 | UP | POSITIVE | The long term trend for HHRS is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for HHRS is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | HHRS has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of HHRS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of HHRS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of HHRS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 62.9 | NEUTRAL | The RSI value for HHRS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests HHRS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 94.1 | OVERBOUGHT | The high Stochastics value suggests HHRS may be overbought. |
| Average True Range in percent/ATR (20) | 1.39 | LOW VOLATILITY | The low ATR as a percentage value for HHRS suggests low volalility. |
| Average Directional Index/ADX (14) | 35.61 | POSITIVE | The high ADX value value for HHRS suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 15.36 | 14.57 | 0.79 (5.14%) | 19.44% |
| An entry @15.36. This is a Buy Stop order right above the resistance zone. | An exit @14.57. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.79 points, which is 5.14%. | When investing 19.44% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
NASDAQ:HHRS (12/20/2023, 8:15:51 PM)
15.32
-0.02 (-0.13%)
HAMMERHEAD ENERGY INC / HHRS FAQ
What is the ChartMill technical rating of HAMMERHEAD ENERGY INC (HHRS) stock?
ChartMill assigns a technical rating of 7 / 10 to HHRS.
What is the current trend direction of HAMMERHEAD ENERGY INC (HHRS) stock?
The current trend direction for HAMMERHEAD ENERGY INC (HHRS) is Bullish.
Can you provide the RSI signal for HAMMERHEAD ENERGY INC?
HAMMERHEAD ENERGY INC (HHRS) has an RSI value of 62.9021. This indicates that the stock is currently neutral.
What is the short term momentum for HHRS stock?
The short term momentum for HAMMERHEAD ENERGY INC (HHRS) is positive.
Can you provide the buy/sell signal for HAMMERHEAD ENERGY INC?
The buy/sell signal for HAMMERHEAD ENERGY INC (HHRS) is buy as both the short term and long term trends are positive.