HEALTH IN TECH INC-CLASS A (HIT) Technical Analysis
NASDAQ:HIT • US42217D1028
Current stock price
HIT Technical Rating and Analysis
Taking everything into account, HIT scores 8 out of 10 in our technical rating. HIT has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
- Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- Looking at the yearly performance, HIT did better than 94% of all other stocks.
- HIT is one of the better performing stocks in the Insurance industry, it outperforms 100% of 147 stocks in the same industry.
- HIT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so HIT is lagging the market.
- In the last month HIT has a been trading in the 1.22 - 2.00 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
HIT Weekly and Daily overview Charts
HIT Setup Rating and Analysis
Although HIT has an excellent technical rating, it does not present a decent entry opportunity 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
HIT Support and Resistance Analysis
1.05
3 important support areas can be observed.
- A support zone ranging from 1.47 to 1.49. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @1.20 from a trend line in the weekly time frame.
- Support @1.06 from a horizontal line in the weekly time frame.
We can see 3 important resistance areas.
- Resistance @1.73 from a horizontal line in the daily time frame.
- Resistance @1.76 from a trend line in the daily time frame.
- Resistance @1.87 from a horizontal line in the weekly time frame.
HIT 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 | NEUTRAL | NEUTRAL | The long term trend for HIT is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for HIT is up. |
| ChartMill Relative Strength | 94.25 | POSITIVE | HIT has a high relative strength, it outperformed 94.25% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of HIT is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of HIT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of HIT is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.62 | 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. |
| Stochastics (14,3) | 78.61 | NEUTRAL | The Stochastics value for HIT is a neutral value. |
| Average True Range in percent/ATR (20) | 10.87 | HIGH VOLATILITY | The high ATR as a percentage value for HIT suggests high volalility. |
| Average Directional Index/ADX (14) | 13.86 | NEGATIVE | The low ADX value for HIT suggests a weak or negative trend. |
HIT Chart- and CandleStick Pattern Analysis
HIT Technicals: Chart, Performance Metrics, Trend & Indicators
1.65
-0.07 (-4.07%)
HEALTH IN TECH INC-CLASS A / HIT TA FAQ
What is the ChartMill technical rating of HEALTH IN TECH INC-CLASS A (HIT) stock?
ChartMill assigns a technical rating of 8 / 10 to HIT.
What is the current trend direction of HEALTH IN TECH INC-CLASS A (HIT) stock?
The current trend direction for HEALTH IN TECH INC-CLASS A (HIT) is Bearish.
Can you provide the RSI signal for HEALTH IN TECH INC-CLASS A?
HEALTH IN TECH INC-CLASS A (HIT) has an RSI value of 56.6205. This indicates that the stock is currently neutral.
What is the MACD signal for HEALTH IN TECH INC-CLASS A (HIT) stock?
The MACD indicator for HEALTH IN TECH INC-CLASS A (HIT) has a value of 0.0287865, indicating a bearish trend.