HIGH TIDE INC (HITI) Stock Technical Analysis
NASDAQ:HITI • CA42981E4013
Overall HITI gets a technical rating of 2 out of 10. In the past year, HITI was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
- 70% of all other stocks performed better in the past year than HITI.
- In the last month HITI has a been trading in the 2.19 - 2.63 range, which is quite wide. It is currently trading near the high of this range.
- The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- HITI is an average performer in the Pharmaceuticals industry, it outperforms 49% of 192 stocks in the same industry.
- HITI is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so HITI is lagging the market.
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.
More info and screens
1.90
We found 2 important support areas.
- A support zone ranging from 2.22 to 2.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.92 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 2.53 to 2.57. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @2.63 from a horizontal line 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 HITI is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for HITI is up. |
| ChartMill Relative Strength | 30.37 | NEUTRAL | HITI is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of HITI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of HITI is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of HITI is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.5 | NEUTRAL | The RSI value for HITI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests HITI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 84.65 | OVERBOUGHT | The high Stochastics value suggests HITI may be overbought. |
| Average True Range in percent/ATR (20) | 4.56 | MEDIUM VOLATILITY | The ATR as a percentage value for HITI suggests some volalility. |
| Average Directional Index/ADX (14) | 17.63 | NEGATIVE | The low ADX value for HITI suggests a weak or negative trend. |
2.53
-0.09 (-3.44%)
HIGH TIDE INC / HITI FAQ
What is the technical rating for HITI stock?
ChartMill assigns a technical rating of 2 / 10 to HITI.
What is the trend direction for HITI stock?
The current trend direction for HIGH TIDE INC (HITI) is Bearish.
Can you provide the RSI signal for HIGH TIDE INC?
HIGH TIDE INC (HITI) has an RSI value of 53.4973. This indicates that the stock is currently neutral.
What is the MACD signal for HITI stock?
The MACD indicator for HIGH TIDE INC (HITI) has a value of 0.0364556, indicating a bearish trend.
Can you provide the buy/sell signal for HIGH TIDE INC?
The buy/sell signal for HIGH TIDE INC (HITI) is hold as the short term and long term trends are mixed.