HELIOGEN INC (HLGN) Stock Technical Analysis
NYSE:HLGN - New York Stock Exchange, Inc. - US42329E2046 - Common Stock - Currency: USD
Taking everything into account, HLGN scores 0 out of 10 in our technical rating. HLGN scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
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, HLGN is a bad performer in the overall market: 99% of all stocks are doing better.
HLGN is one of the lesser performing stocks in the Electrical Equipment industry. 90% of 94 stocks in the same industry do better.
HLGN 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.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
In the last month HLGN has a been trading in the 1.63 - 3.08 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
The technical rating of HLGN 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
2.43
3.63
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 2.54 to 2.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @3.59 from a trend line 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 | DOWN | NEGATIVE | The long term trend for HLGN is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for HLGN is down. |
| ChartMill Relative Strength | 1.27 | NEGATIVE | HLGN has a low relative strength, it was outperformed by 98.73% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of HLGN is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of HLGN is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of HLGN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 46.36 | NEUTRAL | The RSI value for HLGN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.17 | POSITIVE | The MACD value suggests HLGN has a positive trend. |
| Stochastics (14,3) | 68.51 | NEUTRAL | The Stochastics value for HLGN is a neutral value. |
| Average True Range in percent/ATR (20) | 11.32 | HIGH VOLATILITY | The high ATR as a percentage value for HLGN suggests high volalility. |
| Average Directional Index/ADX (14) | 21.15 | NEUTRAL | The ADX value for HLGN suggests a possible start of a new 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)
NYSE:HLGN (11/7/2023, 8:04:01 PM)
2.45
+0.1 (+4.26%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryElectrical Equipment
Performance
% Chg4.26%
1 Week25.64%
2 Weeks13.95%
1 Month-18.06%
3 Month-67.7%
6 Month-75.9%
12 Month-93.27%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.26
ATR(20)%11.32%
ATR Inc33.61%
Range Today0.18
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS1.27
Mansfield-8.1
10 Day High2.76
10 Day Low1.63
20 Day High3.08
20 Day Low1.63
52 Week High40.42
52 Week Low1.63
CS1 EndN/A
CR1 Start2.54
Volume & EV
DER(3)3.06%
DER(5)8.23%
Volume14.20K
Volume Incr1.04%
Vol(5)44.22K
Vol(50)203.51K