HEALTH IN TECH INC-CLASS A (HIT) Stock Technical Analysis
NASDAQ:HIT - Nasdaq - US42217D1028 - Common Stock - Currency: USD
Taking everything into account, HIT scores 4 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. HIT was also a bad performer in the overall market in the last year.
HIT has an average technical rating and it also does not offer a high 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.
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0.58
When analyzing the support we notice one important area.
- Support @0.59 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 0.90 to 0.90. This zone is formed by a combination of multiple trend lines 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 HIT is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for HIT is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | HIT has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of HIT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of HIT is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 64.47 | NEUTRAL | The RSI value for HIT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests HIT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 79.15 | NEUTRAL | The Stochastics value for HIT is a neutral value. |
| Average True Range in percent/ATR (20) | 7.61 | HIGH VOLATILITY | The high ATR as a percentage value for HIT suggests high volalility. |
| Average Directional Index/ADX (14) | 34.42 | POSITIVE | The high ADX value value for HIT suggests a strong trend. |
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