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HELIOGEN INC (HLGN) Stock Technical Analysis

USA - NYSE:HLGN - US42329E2046 - Common Stock

2.45 USD
+0.1 (+4.26%)
Last: 11/7/2023, 8:04:01 PM
Technical Rating and Analysis

0

Overall HLGN gets a technical rating of 0 out of 10. HLGN'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, 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. 91% of 92 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.

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Weekly and Daily overview Charts
HELIOGEN INC / HLGN Weekly stock chart
HELIOGEN INC / HLGN Daily stock chart
Setup Rating and Analysis

3

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.

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Support and Resistance Analysis

2.43

3.63

2 important resistance areas can be observed.

  • 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.

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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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorDOWNNEGATIVEThe long term trend for HLGN is down.
ChartMill Short Term Trend IndicatorDOWNNEGATIVEThe short term trend for HLGN is down.
ChartMill Relative Strength1.27NEGATIVEHLGN has a low relative strength, it was outperformed by 98.73% off all stocks on the market.
Simple Moving Average/SMA (20)DOWNMIXEDThe current price of HLGN is above a declining SMA(20).
Simple Moving Average/SMA (50)DOWNNEGATIVEThe current price of HLGN is below a declining SMA(50).
Simple Moving Average/SMA (200)DOWNNEGATIVEThe current price of HLGN is below a declining SMA(200).
Relative Strength Index/RSI (14)46.36NEUTRALThe RSI value for HLGN is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)0.17POSITIVEThe MACD value suggests HLGN has a positive trend.
Stochastics (14,3)68.51NEUTRALThe Stochastics value for HLGN is a neutral value.
Average True Range in percent/ATR (20)11.32HIGH VOLATILITYThe high ATR as a percentage value for HLGN suggests high volalility.
Average Directional Index/ADX (14)21.15NEUTRALThe ADX value for HLGN suggests a possible start of a new trend.
Chart- and CandleStick Pattern Analysis
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)

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HELIOGEN INC / HLGN Daily stock chart

HELIOGEN INC

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
3 months CRSN/A
6 months CRSN/A
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

HELIOGEN INC / HLGN FAQ

Can you provide the ChartMill technical rating for HELIOGEN INC?

ChartMill assigns a technical rating of 0 / 10 to HLGN.


What is the current trend direction of HELIOGEN INC (HLGN) stock?

The current trend direction for HELIOGEN INC (HLGN) is Bearish.


Can you provide the RSI signal for HELIOGEN INC?

HELIOGEN INC (HLGN) has an RSI value of 46.3593. This indicates that the stock is currently neutral.


What is the short term momentum for HLGN stock?

The short term momentum for HELIOGEN INC (HLGN) is negative.


Can you provide the buy/sell signal for HELIOGEN INC?

The buy/sell signal for HELIOGEN INC (HLGN) is sell as both the short term and long term trends are negative.