HOULIHAN LOKEY INC (HLI) Stock Technical Analysis
NYSE:HLI - New York Stock Exchange, Inc. - US4415931009 - Common Stock - Currency: USD
We assign a technical rating of 9 out of 10 to HLI. HLI has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
HLI 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 180.48. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 173.13, a Stop Loss order could be placed below this zone.
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149.36
2 important support areas can be observed.
- A support zone ranging from 170.69 to 173.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @150.87 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 180.48 to 182.63. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 189.10 to 190.50. This zone is formed by a combination of multiple trend lines 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 HLI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for HLI is up. |
| ChartMill Relative Strength | 86.19 | POSITIVE | HLI has a high relative strength, it outperformed 86.19% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of HLI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of HLI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of HLI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.29 | NEUTRAL | The RSI value for HLI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests HLI has a negative trend. |
| Stochastics (14,3) | 61.18 | NEUTRAL | The Stochastics value for HLI is a neutral value. |
| Average True Range in percent/ATR (20) | 2.26 | MEDIUM VOLATILITY | The ATR as a percentage value for HLI suggests some volalility. |
| Average Directional Index/ADX (14) | 28.82 | POSITIVE | The high ADX value value for HLI suggests a strong trend. |
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 |
|---|---|---|---|
| 177.23 | 172.08 | 5.15 (2.91%) | 25.00% |
| An entry @177.23. This is a Buy Stop order right above the 10 day moving average. | An exit @172.08. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 5.15 points, which is 2.91%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.73%. |
- The distance between exit and entry is rather small compared to the average daily movement of HLI. Please evaluate whether better entry and exit points can be found.
- 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.
173.14
+0.3 (+0.17%)