Hancock Jaffe Laboratories Inc (HJLI) Technical Analysis
NASDAQ:HJLI
Current stock price
HJLI Technical Rating and Analysis
We assign a technical rating of 8 out of 10 to HJLI. 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 one of the better performing stocks in the Health Care Equipment & Supplies industry, it outperforms 87% of 188 stocks in the same industry.
- 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.
- When comparing the yearly performance of all stocks, we notice that HJLI is one of the better performing stocks in the market, outperforming 77% of all 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 trading in the upper part of its 52 week range, so HJLI is lagging the market slightly.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
HJLI Weekly and Daily overview Charts
HJLI Setup Rating and Analysis
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
HJLI Support and Resistance Analysis
6.38
We found 1 important support 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.
HJLI Technical Indicator Signal Analysis
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. |
HJLI Chart- and CandleStick Pattern Analysis
HJLI Technicals: Chart, Performance Metrics, Trend & Indicators
10.38
-0.21 (-1.98%)
Hancock Jaffe Laboratories Inc / HJLI TA FAQ
What is the ChartMill technical rating of Hancock Jaffe Laboratories Inc (HJLI) stock?
ChartMill assigns a technical rating of 8 / 10 to HJLI.
What is the trend direction for HJLI stock?
The current trend direction for Hancock Jaffe Laboratories Inc (HJLI) is Bullish.
What is the RSI signal for HJLI stock?
Hancock Jaffe Laboratories Inc (HJLI) has an RSI value of 69.1801. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for Hancock Jaffe Laboratories Inc?
The buy/sell signal for Hancock Jaffe Laboratories Inc (HJLI) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for Hancock Jaffe Laboratories Inc (HJLI) stock?
Hancock Jaffe Laboratories Inc (HJLI) has a support level at 6.48. Check the full technical report for our detailed analysis of HJLI support and resistance levels.