HARMONIC INC (HLIT) Stock Technical Analysis
USA - NASDAQ:HLIT - US4131601027 - Common Stock
10.37 USD
+0.04 (+0.39%)
10.37 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: 78% of all stocks are doing better.
HLIT is part of the Communications Equipment industry. There are 48 other stocks in this industry, of which 76% are performing better than HLIT.
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.
In the last month HLIT has a been trading in the 9.70 - 10.85 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is only medium, HLIT does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 9.93, a Stop Loss order could be placed below this zone.
More info and screens
8.17
10.81
When analyzing the support we can see 4 important areas.
- A support zone ranging from 9.89 to 9.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 9.70 to 9.70. 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.
- A support zone ranging from 8.25 to 8.33. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- Resistance @10.44 from a trend line in the weekly time frame.
- A resistance zone ranging from 10.63 to 10.70. 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 | 22.29 | NEGATIVE | HLIT has a low relative strength, it was outperformed by 77.71% 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 | MIXED | The current price of HLIT is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 56.07 | NEUTRAL | The RSI value for HLIT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests HLIT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 55.22 | NEUTRAL | The Stochastics value for HLIT is a neutral value. |
| Average True Range in percent/ATR (20) | 2.87 | MEDIUM VOLATILITY | The ATR as a percentage value for HLIT suggests some volalility. |
| Average Directional Index/ADX (14) | 21.01 | NEUTRAL | The ADX value for HLIT suggests a possible start of a new 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)
10.37
+0.04 (+0.39%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryCommunications Equipment
Performance
% Chg0.39%
1 Week1.27%
2 Weeks0.19%
1 Month4.85%
3 Month15.22%
6 Month12.6%
12 Month-29.84%
2 Year-3.89%
3 Year-32.88%
5 Year74.58%
10 Year80.03%
15 Year48.57%
Volatility
ATR(14)0.3
ATR(20)%2.87%
ATR Inc-17.35%
Range Today0.28
ADR(20)0.29
ADR(20)%2.8%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS22.29
3 months CRS84.34
6 months CRS55.01
Mansfield-0.97
10 Day High10.44
10 Day Low9.7
20 Day High10.85
20 Day Low9.7
52 Week High15.46
52 Week Low7.8
CS1 End9.93
CR1 Start10.44
Volume & EV
DER(3)-0.63%
DER(5)-2.09%
Volume518.34K
Volume Incr-25.93%
Vol(5)595.18K
Vol(50)883.23K