HITEK GLOBAL INC-CL A (HKIT) Technical Analysis
NASDAQ:HKIT • KYG451391059
Current stock price
HKIT Technical Rating and Analysis
Taking everything into account, HKIT scores 0 out of 10 in our technical rating. HKIT's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, HKIT is a bad performer in the overall market: 100% of all stocks are doing better.
- HKIT is part of the IT Services industry. There are 88 other stocks in this industry, of which 87% are performing better than HKIT.
- HKIT 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 HKIT has a been trading in the 0.89 - 7.75 range, which is quite wide. It is currently trading near the lows of this range.
- HKIT has an average volume of 39853300 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Considerably lower volume is observed in the last couple of days.
HKIT Weekly and Daily overview Charts
HKIT Setup Rating and Analysis
HKIT has a poor technical rating and the quality of the setup is also not perfect 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
HKIT Support and Resistance Analysis
0.98
We found 1 important resistance area.
- A resistance zone ranging from 1.00 to 1.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
HKIT 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 | DOWN | NEGATIVE | The long term trend for HKIT is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for HKIT is down. |
| ChartMill Relative Strength | 0.06 | NEGATIVE | HKIT has a low relative strength, it was outperformed by 99.94% 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 | NEGATIVE | The current price of HKIT is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of HKIT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 21.62 | OVERSOLD | The low RSI value suggests HKIT may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 2.75 | POSITIVE | The MACD value suggests HKIT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 9.82 | OVERSOLD | The low Stochastics value suggests HKIT may be oversold. |
| Average True Range in percent/ATR (20) | 77.41 | HIGH VOLATILITY | The high ATR as a percentage value for HKIT suggests high volalility. |
| Average Directional Index/ADX (14) | 35.07 | POSITIVE | The high ADX value value for HKIT suggests a strong trend. |
HKIT Chart- and CandleStick Pattern Analysis
HKIT Technicals: Chart, Performance Metrics, Trend & Indicators
0.99
-0.01 (-1%)
HITEK GLOBAL INC-CL A / HKIT TA FAQ
Can you provide the ChartMill technical rating for HITEK GLOBAL INC-CL A?
ChartMill assigns a technical rating of 0 / 10 to HKIT.
What is the trend direction for HKIT stock?
The current trend direction for HITEK GLOBAL INC-CL A (HKIT) is Bearish.
What is the RSI signal for HITEK GLOBAL INC-CL A (HKIT) stock?
HITEK GLOBAL INC-CL A (HKIT) has an RSI value of 21.6215. This indicates that the stock is currently oversold.
What is the buy/sell signal for HKIT stock?
The buy/sell signal for HITEK GLOBAL INC-CL A (HKIT) is sell as both the short term and long term trends are negative.
Can you provide the support and resistance levels for HITEK GLOBAL INC-CL A?
HITEK GLOBAL INC-CL A (HKIT) has a resistance level at 1. Check the full technical report for our detailed analysis of HKIT support and resistance levels.