Horizons CDN Insider Index ETF (HII.CA) Technical Analysis
TSX:HII
Current stock price
HII.CA Technical Rating and Analysis
Overall HII gets a technical rating of 8 out of 10. Although HII is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- Warning: HII has an average volume of 2044 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- The long and short term trends are both positive. This is looking good!
- HII is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so HII is leading the market.
- HII is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
- When compared to the yearly performance of all other stocks, HII outperforms 42% of them, which is more or less in line with the market.
HII.CA Weekly and Daily overview Charts
HII.CA Setup Rating and Analysis
Besides having an excellent technical rating, HII also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 14.38. Right above this resistance zone may be a good entry point.
More info and screens
HII.CA Support and Resistance Analysis
12.99
When analyzing the support we can see 2 important areas.
- Support @13.99 from a trend line in the daily time frame.
- A support zone ranging from 13.12 to 13.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 14.38 to 14.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
HII.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 | UP | POSITIVE | The long term trend for HII.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for HII.CA is up. |
| ChartMill Relative Strength | 42.97 | NEUTRAL | HII.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of HII.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of HII.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of HII.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.77 | NEUTRAL | The RSI value for HII.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests HII.CA has a negative trend. |
| Stochastics (14,3) | 69.7 | NEUTRAL | The Stochastics value for HII.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 1.13 | LOW VOLATILITY | The low ATR as a percentage value for HII.CA suggests low volalility. |
HII.CA Chart- and CandleStick Pattern Analysis
HII.CA 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 |
|---|---|---|---|
| 14.59 | 13.99 | 0.60 (4.11%) | 24.32% |
| An entry @14.59. This is a Buy Stop order right above the resistance zone. | An exit @13.99. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.60 points, which is 4.11%. | When investing 24.32% 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.
HII.CA Technicals: Chart, Performance Metrics, Trend & Indicators
Horizons CDN Insider Index ETF
TSX:HII (3/5/2021, 1:29:26 PM)
14.35
-0.16 (-1.1%)
Horizons CDN Insider Index ETF / HII.CA TA FAQ
What is the technical rating for HII stock?
ChartMill assigns a technical rating of 8 / 10 to HII.CA.
Can you provide the trend direction for Horizons CDN Insider Index ETF?
The current trend direction for Horizons CDN Insider Index ETF (HII.CA) is Bullish.
What is the RSI signal for Horizons CDN Insider Index ETF (HII.CA) stock?
Horizons CDN Insider Index ETF (HII.CA) has an RSI value of 59.7716. This indicates that the stock is currently neutral.
What is the MACD signal for Horizons CDN Insider Index ETF (HII.CA) stock?
The MACD indicator for Horizons CDN Insider Index ETF (HII.CA) has a value of -0.0406139, indicating a bearish trend.
Can you provide the short term momentum for Horizons CDN Insider Index ETF?
The short term momentum for Horizons CDN Insider Index ETF (HII.CA) is positive.