HIVE DIGITAL TECHNOLOGIES LT (HIVE) Stock Technical Analysis
NASDAQ:HIVE - Nasdaq - CA4339211035 - Common Stock - Currency: USD
Overall HIVE gets a technical rating of 2 out of 10. HIVE scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
85% of all other stocks performed better in the past year than HIVE.
HIVE is one of the lesser performing stocks in the Software industry. 68% of 284 stocks in the same industry do better.
HIVE is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so HIVE is lagging the market.
In the last month HIVE has a been trading in the 1.60 - 2.12 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.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
HIVE has an average volume of 13159600 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
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
1.64
3.44
We found 1 important support area.
- A support zone ranging from 1.66 to 1.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
4 important resistance areas can be observed.
- Resistance @1.84 from a trend line in the daily time frame.
- A resistance zone ranging from 1.87 to 1.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.92 from a trend line in the daily time frame.
- Resistance @3.41 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 HIVE is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for HIVE is down. |
| ChartMill Relative Strength | 15.48 | NEGATIVE | HIVE has a low relative strength, it was outperformed by 84.52% 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) | UP | MIXED | The current price of HIVE is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of HIVE is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 37.3 | NEUTRAL | The RSI value for HIVE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests HIVE has a negative trend. |
| Stochastics (14,3) | 9.81 | OVERSOLD | The low Stochastics value suggests HIVE may be oversold. |
| Average True Range in percent/ATR (20) | 6.83 | HIGH VOLATILITY | The high ATR as a percentage value for HIVE suggests high volalility. |
| Average Directional Index/ADX (14) | 16.77 | NEGATIVE | The low ADX value for HIVE suggests a weak or negative 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)
1.67
-0.03 (-1.76%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-1.76%
1 Week-11.64%
2 Weeks-16.92%
1 Month-16.92%
3 Month11.33%
6 Month-43.77%
12 Month-45.78%
2 Year-63.93%
3 Year-44.15%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.12
ATR(20)%6.83%
ATR Inc11.93%
Range Today0.12
ADR(20)0.11
ADR(20)%6.65%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS15.48
Mansfield-4.33
10 Day High2.12
10 Day Low1.6
20 Day High2.12
20 Day Low1.6
52 Week High5.54
52 Week Low1.26
CS1 End1.66
CR1 Start1.84
Volume & EV
DER(3)0.61%
DER(5)3.56%
Volume18.03M
Volume Incr3.52%
Vol(5)17.80M
Vol(50)13.16M