HOLLEY INC (HLLY) Stock Technical Analysis
NYSE:HLLY • US43538H1032
We assign a technical rating of 8 out of 10 to HLLY. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, HLLY is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- HLLY is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- Looking at the yearly performance, HLLY did better than 86% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
- HLLY is an average performer in the Automobile Components industry, it outperforms 62% of 41 stocks in the same industry.
- In the last month HLLY has a been trading in the 3.79 - 4.48 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, HLLY also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 4.19, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
3.80
2 important support areas can be observed.
- A support zone ranging from 4.03 to 4.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 3.84 to 3.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- Resistance @4.31 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 4.39 to 4.40. This zone is formed by a combination of multiple trend lines in the daily 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 | UP | POSITIVE | The long term trend for HLLY is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for HLLY is up. |
| ChartMill Relative Strength | 86.31 | POSITIVE | HLLY has a high relative strength, it outperformed 86.31% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of HLLY is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of HLLY is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of HLLY is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.04 | NEUTRAL | The RSI value for HLLY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests HLLY has a positive trend. |
| Stochastics (14,3) | 71.84 | NEUTRAL | The Stochastics value for HLLY is a neutral value. |
| Average True Range in percent/ATR (20) | 3.69 | MEDIUM VOLATILITY | The ATR as a percentage value for HLLY suggests some volalility. |
| Average Directional Index/ADX (14) | 13.42 | NEGATIVE | The low ADX value for HLLY suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 4.32 | 4.02 | 0.30 (6.94%) | 14.40% |
| An entry @4.32. This is a Buy Stop order right above the resistance zone. | An exit @4.02. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.30 points, which is 6.94%. | When investing 14.40% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
4.28
+0.04 (+0.94%)
HOLLEY INC / HLLY FAQ
What is the ChartMill technical rating of HOLLEY INC (HLLY) stock?
ChartMill assigns a technical rating of 8 / 10 to HLLY.
What is the current trend direction of HOLLEY INC (HLLY) stock?
The current trend direction for HOLLEY INC (HLLY) is Bullish.
Can you provide the RSI signal for HOLLEY INC?
HOLLEY INC (HLLY) has an RSI value of 56.04. This indicates that the stock is currently neutral.
What is the short term momentum for HLLY stock?
The short term momentum for HOLLEY INC (HLLY) is positive.
Can you provide the buy/sell signal for HOLLEY INC?
The buy/sell signal for HOLLEY INC (HLLY) is buy as both the short term and long term trends are positive.