AMTD DIGITAL INC-ADR (HKD) Stock Technical Analysis
NYSE:HKD • US00180N1019
We assign a technical rating of 4 out of 10 to HKD. In the past year, HKD was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
- 82% of all other stocks performed better in the past year than HKD.
- HKD is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month HKD has a been trading in the 1.28 - 1.65 range, which is quite wide. It is currently trading near the high of this range.
- The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- HKD is part of the Software industry. There are 276 other stocks in this industry, HKD did better than 69% of them.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although the technical rating is only medium, HKD does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 1.64. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for HKD in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
1.38
We found 1 important support area.
- Support @1.39 from a trend line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 1.64 to 1.64. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @2.55 from a trend line in the weekly 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 HKD is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for HKD is up. |
| ChartMill Relative Strength | 18.68 | NEGATIVE | HKD has a low relative strength, it was outperformed by 81.32% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of HKD is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of HKD is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of HKD is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 66.15 | NEUTRAL | The RSI value for HKD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests HKD has a positive trend. |
| Stochastics (14,3) | 90.09 | OVERBOUGHT | The high Stochastics value suggests HKD may be overbought. |
| Average True Range in percent/ATR (20) | 6.22 | HIGH VOLATILITY | The high ATR as a percentage value for HKD suggests high volalility. |
| Average Directional Index/ADX (14) | 29.82 | POSITIVE | The high ADX value value for HKD suggests a strong trend. |
1.63
+0.01 (+0.62%)
AMTD DIGITAL INC-ADR / HKD FAQ
What is the ChartMill technical rating of AMTD DIGITAL INC-ADR (HKD) stock?
ChartMill assigns a technical rating of 4 / 10 to HKD.
Can you provide the trend direction for AMTD DIGITAL INC-ADR?
The current trend direction for AMTD DIGITAL INC-ADR (HKD) is Bearish.
Can you provide the RSI signal for AMTD DIGITAL INC-ADR?
AMTD DIGITAL INC-ADR (HKD) has an RSI value of 66.1491. This indicates that the stock is currently neutral.
What is the MACD signal for AMTD DIGITAL INC-ADR (HKD) stock?
The MACD indicator for AMTD DIGITAL INC-ADR (HKD) has a value of 0.0245423, indicating a bearish trend.
What is the buy/sell signal for AMTD DIGITAL INC-ADR (HKD) stock?
The buy/sell signal for AMTD DIGITAL INC-ADR (HKD) is hold as the short term and long term trends are mixed.