HIG ACQUISITION CORP-CLASS A (HIGA) Technical Analysis
NYSE:HIGA • KYG448981079
Current stock price
HIGA Technical Rating and Analysis
Taking everything into account, HIGA scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, HIGA is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that HIGA is one of the better performing stocks in the market, outperforming 84% of all stocks. We also observe that the gains produced by HIGA over the past year are nicely spread over this period.
- HIGA is currently making a new 52 week high. This is a strong signal. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so HIGA is leading the market.
- In the last month HIGA has a been trading in a tight range between 10.00 and 10.05.
HIGA Weekly and Daily overview Charts
HIGA Setup Rating and Analysis
Besides having an excellent technical rating, HIGA 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 10.05. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 10.04, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
HIGA Support and Resistance Analysis
9.59
When analyzing the support we notice one important area.
- A support zone ranging from 9.69 to 10.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 10.05 to 10.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
HIGA 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 | UP | POSITIVE | The long term trend for HIGA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for HIGA is up. |
| ChartMill Relative Strength | 84.09 | POSITIVE | HIGA has a high relative strength, it outperformed 84.09% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of HIGA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of HIGA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of HIGA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 62.63 | NEUTRAL | The RSI value for HIGA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests HIGA has a negative trend. |
| Stochastics (14,3) | 79.17 | NEUTRAL | The Stochastics value for HIGA is a neutral value. |
| Average True Range in percent/ATR (20) | 0.11 | LOW VOLATILITY | The low ATR as a percentage value for HIGA suggests low volalility. |
| Average Directional Index/ADX (14) | 67.88 | POSITIVE | The high ADX value value for HIGA suggests a strong trend. |
HIGA Chart- and CandleStick Pattern Analysis
HIGA Example Setup
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 |
|---|---|---|---|
| 10.06 | 10.02 | 0.04 (0.40%) | 25.00% |
| An entry @10.06. This is a Buy Stop order right above the resistance zone. | An exit @10.02. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.04 points, which is 0.40%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.10%. |
- 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.
HIGA Technicals: Chart, Performance Metrics, Trend & Indicators
10.04
-0.01 (-0.05%)
HIG ACQUISITION CORP-CLASS A / HIGA TA FAQ
What is the ChartMill technical rating of HIG ACQUISITION CORP-CLASS A (HIGA) stock?
ChartMill assigns a technical rating of 9 / 10 to HIGA.
What is the trend direction for HIGA stock?
The current trend direction for HIG ACQUISITION CORP-CLASS A (HIGA) is Bullish.
Can you provide the RSI signal for HIG ACQUISITION CORP-CLASS A?
HIG ACQUISITION CORP-CLASS A (HIGA) has an RSI value of 62.6306. This indicates that the stock is currently neutral.
What is the short term momentum for HIGA stock?
The short term momentum for HIG ACQUISITION CORP-CLASS A (HIGA) is positive.
What is the buy/sell signal for HIGA stock?
The buy/sell signal for HIG ACQUISITION CORP-CLASS A (HIGA) is buy as both the short term and long term trends are positive.