HARMONIC INC (HLIT) Stock Technical Analysis
NASDAQ:HLIT • US4131601027
Overall HLIT gets a technical rating of 5 out of 10. In the last year, HLIT was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
- HLIT is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so HLIT is lagging the market slightly.
- In the last month HLIT has a been trading in the 9.52 - 10.78 range, which is quite wide. It is currently trading near the high of this range.
- HLIT has an average volume of 1011920 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.
- When compared to the yearly performance of all other stocks, HLIT outperforms 63% of them, which is more or less in line with the market.
- HLIT is an average performer in the Communications Equipment industry, it outperforms 46% of 48 stocks in the same industry.
HLIT has an average technical rating and the quality of the presented setup is also not ideal 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
8.25
4 important support areas can be observed.
- A support zone ranging from 9.88 to 10.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 9.59 to 9.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 9.22 to 9.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @8.33 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 10.69 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 | 63.94 | NEUTRAL | HLIT is not amongst the best or worst performers 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) | UP | POSITIVE | The current price of HLIT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 61.02 | NEUTRAL | The RSI value for HLIT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests HLIT has a positive trend. |
| Stochastics (14,3) | 65.06 | NEUTRAL | The Stochastics value for HLIT is a neutral value. |
| Average True Range in percent/ATR (20) | 3.66 | MEDIUM VOLATILITY | The ATR as a percentage value for HLIT suggests some volalility. |
| Average Directional Index/ADX (14) | 12.19 | NEGATIVE | The low ADX value for HLIT suggests a weak or negative trend. |
10.68
+0.53 (+5.22%)
HARMONIC INC / HLIT FAQ
Can you provide the ChartMill technical rating for HARMONIC INC?
ChartMill assigns a technical rating of 5 / 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 61.0196. 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 0.0552167, 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.