Taking everything into account, HIHO scores 3 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. HIHO was also a bad performer in the overall market in the last year.
The technical rating of HIHO is bad and it also does not present a 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.
More info and screens
1.55
When analyzing the resistance we notice 3 important areas.
- Resistance @1.59 from a trend line in the weekly time frame.
- Resistance @1.69 from a trend line in the daily time frame.
- A resistance zone ranging from 1.76 to 1.79. 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 | NEUTRAL | NEUTRAL | The long term trend for HIHO is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for HIHO is up. |
| ChartMill Relative Strength | 20.08 | NEGATIVE | HIHO has a low relative strength, it was outperformed by 79.92% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of HIHO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of HIHO is above 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) | 64.73 | NEUTRAL | The RSI value for HIHO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests HIHO has a positive trend. |
| Stochastics (14,3) | 57.64 | NEUTRAL | The Stochastics value for HIHO is a neutral value. |
| Average True Range in percent/ATR (20) | 11.29 | HIGH VOLATILITY | The high ATR as a percentage value for HIHO suggests high volalility. |
| Average Directional Index/ADX (14) | 44.95 | POSITIVE | The high ADX value value for HIHO suggests a strong trend. |
1.57
-0.09 (-5.42%)
HIGHWAY HOLDINGS LTD / HIHO FAQ
What is the technical rating for HIHO stock?
ChartMill assigns a technical rating of 3 / 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 64.7265. This indicates that the stock is currently neutral.
What is the MACD signal for HIGHWAY HOLDINGS LTD (HIHO) stock?
The MACD indicator for HIGHWAY HOLDINGS LTD (HIHO) has a value of 0.0801503, 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 1.59. Check the full technical report for our detailed analysis of HIHO support and resistance levels.