HARMONIC INC (HLIT) Technical Analysis
NASDAQ:HLIT • US4131601027
Current stock price
HLIT Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to HLIT. HLIT'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.
- 75% 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. 76% of 48 stocks in the same industry do better.
- HLIT is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so HLIT is lagging the market.
- In the last month HLIT has a been trading in the 8.86 - 11.06 range, which is quite wide. It is currently trading near the lows of this range.
- HLIT has an average volume of 1128270 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
HLIT Weekly and Daily overview Charts
HLIT Setup Rating and Analysis
HLIT has a poor technical rating and the quality of the setup is also 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
HLIT Support and Resistance Analysis
8.67
When analyzing the support we notice one important area.
- Support @8.76 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- Resistance @9.16 from a trend line in the daily time frame.
- Resistance @9.55 from a horizontal line in the daily time frame.
- A resistance zone ranging from 10.68 to 10.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
HLIT 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.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for HLIT is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for HLIT is down. |
| ChartMill Relative Strength | 25.03 | NEGATIVE | HLIT has a low relative strength, it was outperformed by 74.97% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of HLIT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of HLIT is below a declining 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) | 34.13 | NEUTRAL | The RSI value for HLIT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests HLIT has a negative trend. |
| Stochastics (14,3) | 14.5 | OVERSOLD | The low Stochastics value suggests HLIT may be oversold. |
| Average True Range in percent/ATR (20) | 5.34 | HIGH VOLATILITY | The high ATR as a percentage value for HLIT suggests high volalility. |
| Average Directional Index/ADX (14) | 17.39 | NEGATIVE | The low ADX value for HLIT suggests a weak or negative trend. |
HLIT Chart- and CandleStick Pattern Analysis
HLIT Technicals: Chart, Performance Metrics, Trend & Indicators
9
-0.26 (-2.81%)
HARMONIC INC / HLIT TA FAQ
Can you provide the ChartMill technical rating for HARMONIC INC?
ChartMill assigns a technical rating of 0 / 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 34.1326. 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 -0.0777893, indicating a bearish trend.
What is the short term momentum for HARMONIC INC (HLIT) stock?
The short term momentum for HARMONIC INC (HLIT) is negative.