HARMONIC INC (HLIT) Stock Technical Analysis
NASDAQ:HLIT - US4131601027 - Common Stock
9.62 USD
-0.1 (-1.03%)
9.62 USD
0 (0%)
Overall HLIT gets a technical rating of 5 out of 10. HLIT has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
When comparing the yearly performance of all stocks, HLIT is a bad performer in the overall market: 87% of all stocks are doing better.
HLIT is part of the Communications Equipment industry. There are 48 other stocks in this industry, of which 85% are performing better than HLIT.
HLIT is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month HLIT has a been trading in the 8.40 - 9.81 range, which is quite wide. It is currently trading near the high of this range.
HLIT has an average volume of 1286310 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
HLIT has an average technical rating and also the quality of the setup is only medium 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
8.16
9.92
We found 3 important support areas.
- A support zone ranging from 8.98 to 9.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @8.53 from a horizontal line in the daily time frame.
- A support zone ranging from 8.24 to 8.33. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 9.70 to 9.82. 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 | UP | POSITIVE | The short term trend for HLIT is up. |
| ChartMill Relative Strength | 13.79 | NEGATIVE | HLIT has a low relative strength, it was outperformed by 86.21% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of HLIT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of HLIT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of HLIT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 61.1 | NEUTRAL | The RSI value for HLIT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests HLIT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 90.69 | OVERBOUGHT | The high Stochastics value suggests HLIT may be overbought. |
| Average True Range in percent/ATR (20) | 2.9 | MEDIUM VOLATILITY | The ATR as a percentage value for HLIT suggests some volalility. |
| Average Directional Index/ADX (14) | 16.82 | NEGATIVE | The low ADX value for HLIT suggests a weak or negative 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)
9.62
-0.1 (-1.03%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryCommunications Equipment
Performance
% Chg-1.03%
1 Week4.68%
2 Weeks7.25%
1 Month15.21%
3 Month6.65%
6 Month-6.69%
12 Month-33.43%
2 Year-9.93%
3 Year-14.56%
5 Year63.05%
10 Year66.72%
15 Year65.58%
Volatility
ATR(14)0.28
ATR(20)%2.9%
ATR Inc0.57%
Range Today0.28
ADR(20)0.27
ADR(20)%2.76%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS13.79
Mansfield-1.99
10 Day High9.81
10 Day Low8.67
20 Day High9.81
20 Day Low8.4
52 Week High15.46
52 Week Low7.8
CS1 End9.24
CR1 Start9.7
Volume & EV
DER(3)5.94%
DER(5)5.92%
Volume668.00K
Volume Incr-7.91%
Vol(5)1.20M
Vol(50)1.29M