HIRE TECHNOLOGIES INC (HIRE.CA) Stock Technical Analysis
Canada • TSX Venture Exchange • TSX-V:HIRE • CA43353R1038
We assign a technical rating of 0 out of 10 to HIRE. HIRE'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 short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 100% of all other stocks performed better in the past year than HIRE.
- HIRE is part of the Professional Services industry. There are 6 other stocks in this industry, of which 120% are performing better than HIRE.
- HIRE is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
- In the last month HIRE has a been trading in the 0.01 - 0.03 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.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
The technical rating of HIRE 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
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We found 1 important resistance area.
- A resistance zone ranging from 0.02 to 0.02. This zone is formed by a combination of multiple trend lines and important moving averages 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 | DOWN | NEGATIVE | The long term trend for HIRE.CA is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for HIRE.CA is down. |
| ChartMill Relative Strength | 0.12 | NEGATIVE | HIRE.CA has a low relative strength, it was outperformed by 99.88% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of HIRE.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of HIRE.CA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of HIRE.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 25.44 | OVERSOLD | The low RSI value suggests HIRE.CA may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests HIRE.CA has a negative trend, although the MACD value is rising. |
| Average True Range in percent/ATR (20) | 70 | HIGH VOLATILITY | The high ATR as a percentage value for HIRE.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 29.63 | POSITIVE | The high ADX value value for HIRE.CA suggests a strong trend. |
TSX-V:HIRE (5/5/2023, 7:00:00 PM)
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HIRE TECHNOLOGIES INC / HIRE.CA FAQ
What is the ChartMill technical rating of HIRE TECHNOLOGIES INC (HIRE.CA) stock?
ChartMill assigns a technical rating of 0 / 10 to HIRE.CA.
Can you provide the trend direction for HIRE TECHNOLOGIES INC?
The current trend direction for HIRE TECHNOLOGIES INC (HIRE.CA) is Bearish.
Can you provide the RSI signal for HIRE TECHNOLOGIES INC?
HIRE TECHNOLOGIES INC (HIRE.CA) has an RSI value of 25.4449. This indicates that the stock is currently oversold.
What is the short term momentum for HIRE stock?
The short term momentum for HIRE TECHNOLOGIES INC (HIRE.CA) is negative.
What is the buy/sell signal for HIRE stock?
The buy/sell signal for HIRE TECHNOLOGIES INC (HIRE.CA) is sell as both the short term and long term trends are negative.