HOLLEY INC (HLLY) Stock Technical Analysis
USA - NYSE:HLLY - US43538H1032 - Common Stock
We assign a technical rating of 3 out of 10 to HLLY. HLLY was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
HLLY has a bad technical rating, but it does show a decent setup pattern. 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 2.86, a Stop Loss order could be placed below this zone.
More info and screens
2.06
We found 3 important support areas.
- A support zone ranging from 2.85 to 2.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.23 from a trend line in the daily time frame.
- A support zone ranging from 2.08 to 2.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- Resistance @2.87 from a horizontal line in the daily time frame.
- A resistance zone ranging from 2.92 to 3.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @3.96 from a trend line in the weekly time frame.
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 HLLY is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for HLLY is down. |
| ChartMill Relative Strength | 83.79 | POSITIVE | HLLY has a high relative strength, it outperformed 83.79% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of HLLY is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of HLLY is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of HLLY is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 41.71 | NEUTRAL | The RSI value for HLLY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests HLLY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 30.08 | NEUTRAL | The Stochastics value for HLLY is a neutral value. |
| Average True Range in percent/ATR (20) | 4.26 | MEDIUM VOLATILITY | The ATR as a percentage value for HLLY suggests some volalility. |
| Average Directional Index/ADX (14) | 22.15 | NEUTRAL | The ADX value for HLLY suggests a possible start of a new trend. |
2.87
-0.01 (-0.35%)
HOLLEY INC / HLLY FAQ
What is the ChartMill technical rating of HOLLEY INC (HLLY) stock?
ChartMill assigns a technical rating of 3 / 10 to HLLY.
What is the trend direction for HLLY stock?
The current trend direction for HOLLEY INC (HLLY) is Bearish.
Can you provide the RSI signal for HOLLEY INC?
HOLLEY INC (HLLY) has an RSI value of 41.7071. This indicates that the stock is currently neutral.
What is the short term momentum for HOLLEY INC (HLLY) stock?
The short term momentum for HOLLEY INC (HLLY) is negative.