We assign a technical rating of 1 out of 10 to HKIT. HKIT has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
The technical rating of HKIT is bad and it also does not present a quality setup 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
1.26
We found 2 important support areas.
- A support zone ranging from 1.45 to 1.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.27 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 1.47 to 1.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @2.24 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 | NEUTRAL | NEUTRAL | The long term trend for HKIT is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for HKIT is down. |
| ChartMill Relative Strength | 61.13 | NEUTRAL | HKIT is not amongst the best or worst performers 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 | NEGATIVE | The current price of HKIT is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of HKIT is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 42.23 | NEUTRAL | The RSI value for HKIT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests HKIT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 13.18 | OVERSOLD | The low Stochastics value suggests HKIT may be oversold. |
| Average True Range in percent/ATR (20) | 31 | HIGH VOLATILITY | The high ATR as a percentage value for HKIT suggests high volalility. |
| Average Directional Index/ADX (14) | 38.09 | POSITIVE | The high ADX value value for HKIT suggests a strong trend. |
1.46
-0.14 (-8.75%)
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 1 / 10 to HKIT.
What is the current trend direction of HITEK GLOBAL INC-CL A (HKIT) stock?
The current trend direction for HITEK GLOBAL INC-CL A (HKIT) is Bearish.
What is the RSI signal for HKIT stock?
HITEK GLOBAL INC-CL A (HKIT) has an RSI value of 42.2306. This indicates that the stock is currently neutral.
What is the short term momentum for HKIT stock?
The short term momentum for HITEK GLOBAL INC-CL A (HKIT) is negative.
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 1.45 and a resistance level at 1.47. Check the full technical report for our detailed analysis of HKIT support and resistance levels.