Taking everything into account, HIVE scores 2 out of 10 in our technical rating. 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.
- 86% of all other stocks performed better in the past year than HIVE.
- 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.
- HIVE has an average volume of 14452300 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- HIVE is an average performer in the Software industry, it outperforms 51% of 277 stocks in the same industry.
- In the last month HIVE has a been trading in the 2.55 - 3.68 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
HIVE has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price.
More info and screens
2.57
3 important support areas can be observed.
- A support zone ranging from 3.06 to 3.07. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @2.68 from a trend line in the daily time frame.
- Support @2.60 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- Resistance @3.48 from a horizontal line in the weekly time frame.
- Resistance @3.55 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 | NEUTRAL | NEUTRAL | The long term trend for HIVE is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for HIVE is neutral. |
| ChartMill Relative Strength | 14.48 | NEGATIVE | HIVE has a low relative strength, it was outperformed by 85.52% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of HIVE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of HIVE is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of HIVE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.43 | NEUTRAL | The RSI value for HIVE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests HIVE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 49.71 | NEUTRAL | The Stochastics value for HIVE is a neutral value. |
| Average True Range in percent/ATR (20) | 7.44 | HIGH VOLATILITY | The high ATR as a percentage value for HIVE suggests high volalility. |
| Average Directional Index/ADX (14) | 16.79 | NEGATIVE | The low ADX value for HIVE suggests a weak or negative trend. |
3.22
+0.15 (+4.89%)
HIVE DIGITAL TECHNOLOGIES LT / HIVE FAQ
Can you provide the ChartMill technical rating for HIVE DIGITAL TECHNOLOGIES LT?
ChartMill assigns a technical rating of 2 / 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 51.4317. 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 0.0305083, indicating a bearish trend.
Can you provide the support and resistance levels for HIVE DIGITAL TECHNOLOGIES LT?
HIVE DIGITAL TECHNOLOGIES LT (HIVE) has a support level at 3.07 and a resistance level at 3.48. Check the full technical report for our detailed analysis of HIVE support and resistance levels.