We assign a technical rating of 0 out of 10 to HIVE. HIVE's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, HIVE is a bad performer in the overall market: 90% of all stocks are doing better.
- HIVE is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month HIVE has a been trading in the 2.38 - 3.68 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- HIVE has an average volume of 13396700 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- HIVE is part of the Software industry. There are 278 other stocks in this industry, HIVE did better than 45% of them.
The technical rating of HIVE 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
2.44
When analyzing the resistance we notice one important area.
- Resistance @2.80 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 | DOWN | NEGATIVE | The long term trend for HIVE is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for HIVE is down. |
| ChartMill Relative Strength | 10.51 | NEGATIVE | HIVE has a low relative strength, it was outperformed by 89.49% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of HIVE is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of HIVE is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of HIVE is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 32.96 | NEUTRAL | The RSI value for HIVE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests HIVE has a negative trend. |
| Stochastics (14,3) | 7.21 | OVERSOLD | The low Stochastics value suggests HIVE may be oversold. |
| Average True Range in percent/ATR (20) | 10.46 | HIGH VOLATILITY | The high ATR as a percentage value for HIVE suggests high volalility. |
| Average Directional Index/ADX (14) | 17.67 | NEGATIVE | The low ADX value for HIVE suggests a weak or negative trend. |
2.46
0 (0%)
HIVE DIGITAL TECHNOLOGIES LT / HIVE FAQ
Can you provide the ChartMill technical rating for HIVE DIGITAL TECHNOLOGIES LT?
ChartMill assigns a technical rating of 0 / 10 to HIVE.
Can you provide the trend direction for HIVE DIGITAL TECHNOLOGIES LT?
The current trend direction for HIVE DIGITAL TECHNOLOGIES LT (HIVE) is Bearish.
Can you provide the RSI signal for HIVE DIGITAL TECHNOLOGIES LT?
HIVE DIGITAL TECHNOLOGIES LT (HIVE) has an RSI value of 32.9647. This indicates that the stock is currently neutral.
Can you provide the MACD signal for HIVE DIGITAL TECHNOLOGIES LT?
The MACD indicator for HIVE DIGITAL TECHNOLOGIES LT (HIVE) has a value of -0.0763695, indicating a bearish trend.
Can you provide the support and resistance levels for HIVE DIGITAL TECHNOLOGIES LT?
HIVE DIGITAL TECHNOLOGIES LT (HIVE) has a resistance level at 2.8. Check the full technical report for our detailed analysis of HIVE support and resistance levels.