HIGHWAY HOLDINGS LTD (HIHO) Stock Technical Analysis
USA - NASDAQ:HIHO - VGG4481U1066 - Common Stock
We assign a technical rating of 0 out of 10 to HIHO. HIHO's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The technical rating of HIHO 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
1.15
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 1.65 to 1.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1.72 from a trend line in the daily time frame.
- Resistance @1.75 from a horizontal line in the daily time frame.
- Resistance @1.81 from a trend line in the weekly time frame.
- Resistance @1.88 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 | DOWN | NEGATIVE | The long term trend for HIHO is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for HIHO is down. |
| ChartMill Relative Strength | 9.41 | NEGATIVE | HIHO has a low relative strength, it was outperformed by 90.59% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of HIHO is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of HIHO is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of HIHO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 11.73 | OVERSOLD | The low RSI value suggests HIHO may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests HIHO has a negative trend. |
| Stochastics (14,3) | 3.17 | OVERSOLD | The low Stochastics value suggests HIHO may be oversold. |
| Average True Range in percent/ATR (20) | 5.36 | HIGH VOLATILITY | The high ATR as a percentage value for HIHO suggests high volalility. |
| Average Directional Index/ADX (14) | 29.48 | POSITIVE | The high ADX value value for HIHO suggests a strong trend. |
1.16
-0.03 (-2.52%)
HIGHWAY HOLDINGS LTD / HIHO FAQ
What is the technical rating for HIHO stock?
ChartMill assigns a technical rating of 0 / 10 to HIHO.
What is the trend direction for HIHO stock?
The current trend direction for HIGHWAY HOLDINGS LTD (HIHO) is Bearish.
Can you provide the RSI signal for HIGHWAY HOLDINGS LTD?
HIGHWAY HOLDINGS LTD (HIHO) has an RSI value of 11.7328. This indicates that the stock is currently oversold.
What is the MACD signal for HIGHWAY HOLDINGS LTD (HIHO) stock?
The MACD indicator for HIGHWAY HOLDINGS LTD (HIHO) has a value of -0.0294801, indicating a bearish trend.
What are the support and resistance levels for HIGHWAY HOLDINGS LTD (HIHO) stock?
HIGHWAY HOLDINGS LTD (HIHO) has a resistance level at 1.65. Check the full technical report for our detailed analysis of HIHO support and resistance levels.