HITEK GLOBAL INC-CL A (HKIT) Stock Technical Analysis
USA - NASDAQ:HKIT - KYG451391059 - Common Stock
We assign a technical rating of 10 out of 10 to HKIT. Both in the recent history as in the last year, HKIT has proven to be a steady performer, scoring decent points in every aspect analyzed.
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.
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When analyzing the support we can see 4 important areas.
- Support @2.06 from a trend line in the daily time frame.
- A support zone ranging from 1.93 to 1.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.47 from a trend line in the weekly time frame.
- Support @1.27 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 2.38 to 2.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | UP | POSITIVE | The short term trend for HKIT is up. |
| ChartMill Relative Strength | 94.4 | POSITIVE | HKIT has a high relative strength, it outperformed 94.4% off all stocks 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) | UP | POSITIVE | The current price of HKIT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.05 | NEUTRAL | The RSI value for HKIT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests HKIT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 52.14 | NEUTRAL | The Stochastics value for HKIT is a neutral value. |
| Average True Range in percent/ATR (20) | 16.94 | HIGH VOLATILITY | The high ATR as a percentage value for HKIT suggests high volalility. |
| Average Directional Index/ADX (14) | 50.01 | POSITIVE | The high ADX value value for HKIT suggests a strong trend. |
2.37
-0.39 (-14.13%)
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 10 / 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 Bullish.
What is the RSI signal for HKIT stock?
HITEK GLOBAL INC-CL A (HKIT) has an RSI value of 52.0478. 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 positive.
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 2.06 and a resistance level at 2.38. Check the full technical report for our detailed analysis of HKIT support and resistance levels.