HIGH LINER FOODS INC (HLF.CA) Stock Technical Analysis
TSX:HLF - Toronto Stock Exchange - CA4296951094 - Common Stock - Currency: CAD
We assign a technical rating of 10 out of 10 to HLF. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, HLF is showing a nice and steady performance.
Warning: HLF has an average volume of 26558 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that HLF is one of the better performing stocks in the market, outperforming 82% of all stocks. On top of that, HLF also shows a nice and consistent pattern of rising prices.
HLF is one of the better performing stocks in the Food Products industry, it outperforms 82% of 18 stocks in the same industry.
HLF is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so HLF is leading the market.
HLF is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
HLF 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. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 18.10. Right above this resistance zone may be a good entry point. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
14.01
18.45
We found 5 important support areas.
- A support zone ranging from 16.93 to 17.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @16.51 from a horizontal line in the weekly time frame.
- A support zone ranging from 16.11 to 16.24. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @15.85 from a horizontal line in the daily time frame.
- Support @14.15 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 18.10 to 18.27. 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 HLF.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for HLF.CA is up. |
| ChartMill Relative Strength | 82.22 | POSITIVE | HLF.CA has a high relative strength, it outperformed 82.22% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of HLF.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of HLF.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of HLF.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 61.32 | NEUTRAL | The RSI value for HLF.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests HLF.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 93.99 | OVERBOUGHT | The high Stochastics value suggests HLF.CA may be overbought. |
| Average True Range in percent/ATR (20) | 2.01 | MEDIUM VOLATILITY | The ATR as a percentage value for HLF.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 25.06 | POSITIVE | The high ADX value value for HLF.CA 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)
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 |
|---|---|---|---|
| 18.28 | 17.49 | 0.79 (4.32%) | 23.14% |
| An entry @18.28. This is a Buy Stop order right above the resistance zone. | An exit @17.49. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.79 points, which is 4.32%. | When investing 23.14% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
TSX:HLF (5/29/2025, 7:00:00 PM)
17.99
-0.21 (-1.15%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryFood Products
Performance
% Chg-1.15%
1 Week-0.94%
2 Weeks2.8%
1 Month6.2%
3 Month7.47%
6 Month16.74%
12 Month35.06%
2 Year24.33%
3 Year48.92%
5 Year168.91%
10 Year-24.38%
15 Year507.26%
Volatility
ATR(14)0.42
ATR(20)%2.01%
ATR Inc-49.57%
Range Today0.26
ADR(20)0.35
ADR(20)%1.96%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS82.22
Mansfield1.66
10 Day High18.28
10 Day Low17.5
20 Day High18.28
20 Day Low16.06
52 Week High18.28
52 Week Low12.25
CS1 End17.06
CR1 Start18.1
Volume & EV
DER(3)-2.77%
DER(5)-3.83%
Volume12.64K
Volume Incr-3.57%
Vol(5)23.67K
Vol(50)26.56K