HITEK GLOBAL INC-CL A (HKIT) Stock Technical Analysis
NASDAQ:HKIT - Nasdaq - KYG451391059 - Common Stock - Currency: USD
Taking everything into account, HKIT scores 7 out of 10 in our technical rating. HKIT has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
HKIT is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so HKIT is lagging the market.
Warning: HKIT has an average volume of 18990 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
When compared to the yearly performance of all other stocks, HKIT outperforms 53% of them, which is more or less in line with the market.
HKIT is part of the IT Services industry. There are 82 other stocks in this industry, HKIT did better than 50% of them.
In the last month HKIT has a been trading in the 1.16 - 1.55 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
Although HKIT 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
1.14
1.57
We found 3 important support areas.
- A support zone ranging from 1.25 to 1.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 1.19 to 1.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.15 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 1.40 to 1.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.51 from a horizontal line in the daily time frame.
- A resistance zone ranging from 1.55 to 1.55. This zone is formed by a combination of multiple trend lines 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 HKIT is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for HKIT is up. |
| ChartMill Relative Strength | 53.01 | NEUTRAL | HKIT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of HKIT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of HKIT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of HKIT is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 55.27 | NEUTRAL | The RSI value for HKIT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests HKIT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 65.22 | NEUTRAL | The Stochastics value for HKIT is a neutral value. |
| Average True Range in percent/ATR (20) | 5.64 | HIGH VOLATILITY | The high ATR as a percentage value for HKIT suggests high volalility. |
| Average Directional Index/ADX (14) | 31.52 | POSITIVE | The high ADX value value for HKIT suggests a strong trend. |
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)
NASDAQ:HKIT (6/6/2025, 8:00:01 PM)
1.3919
-0.04 (-2.66%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg-2.66%
1 Week1.6%
2 Weeks7.36%
1 Month11.35%
3 Month15.03%
6 Month7.9%
12 Month-10.2%
2 Year-71.65%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.09
ATR(20)%5.64%
ATR Inc-14.68%
Range Today0.09
ADR(20)0.08
ADR(20)%5.62%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS53.01
Mansfield-0.39
10 Day High1.55
10 Day Low1.24
20 Day High1.55
20 Day Low1.16
52 Week High2.1
52 Week Low1.15
CS1 End1.28
CR1 Start1.4
Volume & EV
DER(3)-16.33%
DER(5)-9.94%
Volume20.10K
Volume Incr23.6%
Vol(5)28.62K
Vol(50)18.99K