Taking everything into account, HLIT scores 2 out of 10 in our technical rating. HLIT performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
- 80% of all other stocks performed better in the past year than HLIT.
- HLIT is one of the lesser performing stocks in the Communications Equipment industry. 65% of 48 stocks in the same industry do better.
- In the last month HLIT has a been trading in the 9.27 - 10.51 range, which is quite wide. It is currently trading near the high of this range.
- Prices have been consolidating recently, this may present a good entry opportunity.
- HLIT has an average volume of 1059510 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- HLIT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so HLIT is lagging the market.
HLIT has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 9.99, a Stop Loss order could be placed below this zone. 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
8.25
5 important support areas can be observed.
- A support zone ranging from 9.74 to 9.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 9.09 to 9.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 8.76 to 8.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @8.53 from a horizontal line in the daily time frame.
- Support @8.33 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- Resistance @10.16 from a trend line in the daily time frame.
- Resistance @10.49 from a horizontal line in the daily time frame.
- A resistance zone ranging from 10.71 to 10.72. 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 | NEUTRAL | NEUTRAL | The long term trend for HLIT is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for HLIT is neutral. |
| ChartMill Relative Strength | 20.33 | NEGATIVE | HLIT has a low relative strength, it was outperformed by 79.67% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of HLIT is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of HLIT is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of HLIT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.5 | NEUTRAL | The RSI value for HLIT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests HLIT has a positive trend. |
| Stochastics (14,3) | 70.96 | NEUTRAL | The Stochastics value for HLIT is a neutral value. |
| Average True Range in percent/ATR (20) | 3 | MEDIUM VOLATILITY | The ATR as a percentage value for HLIT suggests some volalility. |
| Average Directional Index/ADX (14) | 11.14 | NEGATIVE | The low ADX value for HLIT suggests a weak or negative trend. |
10.07
-0.15 (-1.47%)
HARMONIC INC / HLIT FAQ
Can you provide the ChartMill technical rating for HARMONIC INC?
ChartMill assigns a technical rating of 2 / 10 to HLIT.
Can you provide the trend direction for HARMONIC INC?
The current trend direction for HARMONIC INC (HLIT) is Bearish.
What is the RSI signal for HARMONIC INC (HLIT) stock?
HARMONIC INC (HLIT) has an RSI value of 51.5045. This indicates that the stock is currently neutral.
Can you provide the MACD signal for HARMONIC INC?
The MACD indicator for HARMONIC INC (HLIT) has a value of 0.0127516, indicating a bearish trend.
What is the short term momentum for HARMONIC INC (HLIT) stock?
The short term momentum for HARMONIC INC (HLIT) is neutral.