Taking everything into account, HKIT scores 8 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- HKIT 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.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- Looking at the yearly performance, HKIT did better than 87% of all other stocks. We also observe that the gains produced by HKIT over the past year are nicely spread over this period.
- HKIT is part of the IT Services industry. There are 88 other stocks in this industry. HKIT outperforms 85% of them.
- In the last month HKIT has a been trading in the 1.40 - 2.31 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
HKIT has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 2.26. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 2.01, a Stop Loss order could be placed below this zone.
More info and screens
1.28
We found 6 important support areas.
- A support zone ranging from 1.99 to 2.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.73 from a horizontal line in the daily time frame.
- Support @1.53 from a trend line in the weekly time frame.
- A support zone ranging from 1.37 to 1.39. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @1.33 from a horizontal line in the daily time frame.
- Support @1.29 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 2.26 to 2.27. 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 | UP | POSITIVE | The long term trend for HKIT is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for HKIT is neutral. |
| ChartMill Relative Strength | 87.72 | POSITIVE | HKIT has a high relative strength, it outperformed 87.72% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of HKIT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of HKIT is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of HKIT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.85 | NEUTRAL | The RSI value for HKIT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests HKIT has a negative trend. |
| Stochastics (14,3) | 74.16 | NEUTRAL | The Stochastics value for HKIT is a neutral value. |
| Average True Range in percent/ATR (20) | 9.21 | HIGH VOLATILITY | The high ATR as a percentage value for HKIT suggests high volalility. |
| Average Directional Index/ADX (14) | 19.96 | NEGATIVE | The low ADX value for HKIT suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 2.28 | 1.98 | 0.30 (13.16%) | 7.60% |
| An entry @2.28. This is a Buy Stop order right above the resistance zone. | An exit @1.98. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.30 points, which is 13.16%. | For a 1.00% total portfolio risk, you can invest 7.60% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of HKIT. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
NASDAQ:HKIT (1/26/2026, 8:00:02 PM)
2.03
+0.01 (+0.5%)
HITEK GLOBAL INC-CL A / HKIT FAQ
Can you provide the ChartMill technical rating for HITEK GLOBAL INC-CL A?
ChartMill assigns a technical rating of 8 / 10 to HKIT.
What is the trend direction for HKIT stock?
The current trend direction for HITEK GLOBAL INC-CL A (HKIT) is Bullish.
What is the RSI signal for HKIT stock?
HITEK GLOBAL INC-CL A (HKIT) has an RSI value of 49.849. This indicates that the stock is currently neutral.
What is the MACD signal for HITEK GLOBAL INC-CL A (HKIT) stock?
The MACD indicator for HITEK GLOBAL INC-CL A (HKIT) has a value of -0.0177732, indicating a bearish trend.
Can you provide the support and resistance levels for HITEK GLOBAL INC-CL A?
HITEK GLOBAL INC-CL A (HKIT) has a support level at 2.01 and a resistance level at 2.26. Check the full technical report for our detailed analysis of HKIT support and resistance levels.