HIVE DIGITAL TECHNOLOGIES LT (HIVE) Technical Analysis
NASDAQ:HIVE • CA4339211035
Taking everything into account, HIVE scores 0 out of 10 in our technical rating. 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.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 79% 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.
- In the last month HIVE has a been trading in the 1.99 - 2.43 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- HIVE has an average volume of 10698500 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- HIVE is an average performer in the Software industry, it outperforms 68% of 276 stocks in the same industry.
Although the technical rating is bad, HIVE does present a nice setup opportunity. Prices have been consolidating lately. We notice that large players showed an interest for HIVE in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
1.98
When analyzing the support we can see 2 important areas.
- Support @2.11 from a horizontal line in the weekly time frame.
- A support zone ranging from 2.00 to 2.05. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @2.31 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 | 21.68 | NEGATIVE | HIVE has a low relative strength, it was outperformed by 78.32% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of HIVE is above 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) | 43.54 | NEUTRAL | The RSI value for HIVE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests HIVE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 57.04 | NEUTRAL | The Stochastics value for HIVE is a neutral value. |
| Average True Range in percent/ATR (20) | 7.92 | HIGH VOLATILITY | The high ATR as a percentage value for HIVE suggests high volalility. |
| Average Directional Index/ADX (14) | 30.21 | POSITIVE | The high ADX value value for HIVE suggests a strong trend. |
HIVE Technicals: Chart, Performance Metrics, Trend & Indicators
2.2
-0.1 (-4.35%)
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 43.5375. 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 0.0369689, 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 2.11 and a resistance level at 2.31. Check the full technical report for our detailed analysis of HIVE support and resistance levels.