Global Healthcare Inc and Grwth Fd (HIG-UN.CA) Technical Analysis
TSX:HIG-UN
Current stock price
HIG-UN.CA Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to HIG-UN. HIG-UN scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, HIG-UN is a bad performer in the overall market: 65% of all stocks are doing better.
- HIG-UN is currently making a new 52 week low. This is a very bad signal. The S&P500 Index is trading in the upper part of its 52 week range, so HIG-UN is lagging the market.
- In the last month HIG-UN has a been trading in the 8.17 - 9.34 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Warning: HIG-UN has an average volume of 7425 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- Considerably lower volume is observed in the last couple of days.
HIG-UN.CA Weekly and Daily overview Charts
HIG-UN.CA Setup Rating and Analysis
The technical rating of HIG-UN is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
HIG-UN.CA Support and Resistance Analysis
8.10
When analyzing the support we notice one important area.
- A support zone ranging from 8.18 to 8.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 8.72 to 8.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 9.18 to 9.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
HIG-UN.CA Technical Indicator Signal Analysis
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 HIG-UN.CA is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for HIG-UN.CA is down. |
| ChartMill Relative Strength | 35.23 | NEUTRAL | HIG-UN.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of HIG-UN.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of HIG-UN.CA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of HIG-UN.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 29.8 | OVERSOLD | The low RSI value suggests HIG-UN.CA may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests HIG-UN.CA has a negative trend. |
| Stochastics (14,3) | 0.57 | OVERSOLD | The low Stochastics value suggests HIG-UN.CA may be oversold. |
| Average True Range in percent/ATR (20) | 2.66 | MEDIUM VOLATILITY | The ATR as a percentage value for HIG-UN.CA suggests some volalility. |
HIG-UN.CA Chart- and CandleStick Pattern Analysis
HIG-UN.CA Technicals: Chart, Performance Metrics, Trend & Indicators
Global Healthcare Inc and Grwth Fd
TSX:HIG-UN (4/2/2018, 9:23:09 PM)
8.19
-0.11 (-1.33%)
Global Healthcare Inc and Grwth Fd / HIG-UN.CA TA FAQ
What is the ChartMill technical rating of Global Healthcare Inc and Grwth Fd (HIG-UN.CA) stock?
ChartMill assigns a technical rating of 0 / 10 to HIG-UN.CA.
What is the current trend direction of Global Healthcare Inc and Grwth Fd (HIG-UN.CA) stock?
The current trend direction for Global Healthcare Inc and Grwth Fd (HIG-UN.CA) is Bearish.
What is the RSI signal for Global Healthcare Inc and Grwth Fd (HIG-UN.CA) stock?
Global Healthcare Inc and Grwth Fd (HIG-UN.CA) has an RSI value of 29.8046. This indicates that the stock is currently oversold.
What is the short term momentum for Global Healthcare Inc and Grwth Fd (HIG-UN.CA) stock?
The short term momentum for Global Healthcare Inc and Grwth Fd (HIG-UN.CA) is negative.
What are the support and resistance levels for Global Healthcare Inc and Grwth Fd (HIG-UN.CA) stock?
Global Healthcare Inc and Grwth Fd (HIG-UN.CA) has a support level at 8.18 and a resistance level at 8.72. Check the full technical report for our detailed analysis of HIG-UN.CA support and resistance levels.