HIGH TIDE INC (HITI) Stock Technical Analysis
USA - NASDAQ:HITI - CA42981E4013 - Common Stock
3.33 USD
0 (0%)
3.32 USD
-0.01 (-0.3%)
Overall HITI gets a technical rating of 6 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
In the last month HITI has a been trading in the 3.25 - 3.92 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 74% of 191 stocks in the same industry.
HITI is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so HITI is lagging the market slightly.
HITI has an average volume of 1005730 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
When comparing the yearly performance of all stocks, we notice that HITI is one of the better performing stocks in the market, outperforming 85% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
Considerably lower volume is observed in the last couple of days.
HITI has an average technical rating and the quality of the presented setup is also not ideal 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
1.88
3.36
We found 3 important support areas.
- A support zone ranging from 3.32 to 3.32. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 2.42 to 2.42. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.90 from a trend line in the weekly 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 | UP | POSITIVE | The long term trend for HITI is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for HITI is down. |
| ChartMill Relative Strength | 85.4 | POSITIVE | HITI has a high relative strength, it outperformed 85.4% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of HITI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of HITI is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of HITI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 43.93 | NEUTRAL | The RSI value for HITI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests HITI has a negative trend. |
| Stochastics (14,3) | 18.89 | OVERSOLD | The low Stochastics value suggests HITI may be oversold. |
| Average True Range in percent/ATR (20) | 5.48 | HIGH VOLATILITY | The high ATR as a percentage value for HITI suggests high volalility. |
| Average Directional Index/ADX (14) | 23.9 | NEUTRAL | The ADX value for HITI suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 3.48 | 3.31 | 0.17 (4.86%) | 20.59% |
| An entry @3.48. This is a Buy Stop order right above the 10 day moving average. | An exit @3.31. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.17 points, which is 4.86%. | When investing 20.59% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of HITI. Please evaluate whether better entry and exit points can be found.
- 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.
3.33
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg0%
1 Week-1.19%
2 Weeks-7.24%
1 Month-8.77%
3 Month44.16%
6 Month39.33%
12 Month10.26%
2 Year129.66%
3 Year128.08%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.16
ATR(20)%5.48%
ATR Inc-43.89%
Range Today0.06
ADR(20)0.17
ADR(20)%5.24%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.4
Mansfield0.97
10 Day High3.8
10 Day Low3.26
20 Day High3.92
20 Day Low3.26
52 Week High4.06
52 Week Low1.64
CS1 End3.32
CR1 StartN/A
Volume & EV
DER(3)-4.34%
DER(5)3.54%
Volume169.30K
Volume Incr-62.52%
Vol(5)381.60K
Vol(50)1.01M