Hancock Jaffe Laboratories Inc (HJLI) Stock Technical Analysis
NASDAQ:HJLI - Nasdaq -
Overall HJLI gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, HJLI is only an average performer.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
Both the short term and long term trends are positive. This is a very positive sign.
HJLI is part of the Health Care Equipment & Supplies industry. There are 187 other stocks in this industry. HJLI outperforms 79% of them.
In the last month HJLI has a been trading in the 7.60 - 11.38 range, which is quite wide. It is currently trading near the high of this range.
Looking at the yearly performance, HJLI did better than 77% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
HJLI is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so HJLI is lagging the market.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although HJLI has an excellent technical rating, it does not present a decent entry opportunity 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
6.38
10.48
When analyzing the support we notice one important area.
- A support zone ranging from 6.44 to 6.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The long term trend for HJLI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for HJLI is up. |
| ChartMill Relative Strength | 77.04 | POSITIVE | HJLI has a high relative strength, it outperformed 77.04% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of HJLI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of HJLI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of HJLI is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 69.18 | NEUTRAL | The RSI value for HJLI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests HJLI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 80.22 | OVERBOUGHT | The high Stochastics value suggests HJLI may be overbought. |
| Average True Range in percent/ATR (20) | 5.72 | HIGH VOLATILITY | The high ATR as a percentage value for HJLI suggests high volalility. |
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)
10.38
-0.21 (-1.98%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg-1.98%
1 Week7.34%
2 Weeks20.84%
1 Month33.76%
3 Month59.69%
6 Month52.42%
12 Month-3.67%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.61
ATR(20)%5.72%
ATR Inc8.94%
Range Today0.49
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS77.04
Mansfield2.57
10 Day High11.38
10 Day Low8.6
20 Day High11.38
20 Day Low7.6
52 Week High17.68
52 Week Low4.99
CS1 End6.48
CR1 StartN/A
Volume & EV
DER(3)-0.33%
DER(5)2.13%
Volume221.80K
Volume Incr-6.89%
Vol(5)251.48K
Vol(50)981.01K