HITI Technical Analysis - HIGH TIDE INC

Technical Rating and Analysis

Overall HITI gets a technical rating of 1 out of 10. HITI has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.

HITI is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so HITI is lagging the market.

In the last month HITI has a been trading in the 2.94 - 3.47 range, which is quite wide. It is currently trading near the lows of this range.

HITI is one of the better performing stocks in the Pharmaceuticals industry, it outperforms 73% of 35 stocks in the same industry.

The long term trend is neutral, but the short term trend is negative. Better to stay away from this!

When compared to the yearly performance of all other stocks, HITI outperforms 49% of them, which is more or less in line with the market.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

The technical rating of HITI 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

2.54

3.51

When analyzing the support we can see 4 important areas.

A support zone ranging from 2.95 to 2.98. This zone is formed by a combination of multiple trend lines in the daily time frame.
Support @2.82 from a trend line in the weekly time frame.
Support @2.70 from a trend line in the weekly time frame.
Support @2.57 from a horizontal line in the weekly time frame.

When analyzing the resistance we notice 3 important areas.

Resistance @3.02 from a horizontal line in the daily time frame.
A resistance zone ranging from 3.13 to 3.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 3.31 to 3.48. This zone is formed by a combination of multiple trend lines in multiple time frames.

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Support and Resistance indicators

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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 HITI.CA is neutral.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for HITI.CA is down.
ChartMill Relative Strength	49.04	NEUTRAL	HITI.CA is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of HITI.CA is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of HITI.CA is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of HITI.CA is below a declining SMA(200).
Relative Strength Index/RSI (14)	39.86	NEUTRAL	The RSI value for HITI.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.04	NEGATIVE	The MACD value suggests HITI.CA has a negative trend.
Stochastics (14,3)	15.22	OVERSOLD	The low Stochastics value suggests HITI.CA may be oversold.
Average True Range in percent/ATR (20)	3.7	MEDIUM VOLATILITY	The ATR as a percentage value for HITI.CA suggests some volalility.
Average Directional Index/ADX (14)	16.65	NEGATIVE	The low ADX value for HITI.CA suggests a weak or negative trend.