HOLLEY INC (HLLY) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:HLLY - US43538H1032 - Common Stock
We assign a technical rating of 10 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.
HLLY has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry.
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2.13
4 important support areas can be observed.
- A support zone ranging from 4.22 to 4.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 4.03 to 4.08. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @2.99 from a trend line in the daily time frame.
- Support @2.15 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 4.26 to 4.31. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 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 | 91.86 | POSITIVE | HLLY has a high relative strength, it outperformed 91.86% 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) | 62.96 | NEUTRAL | The RSI value for HLLY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests HLLY has a negative trend. |
| Stochastics (14,3) | 71.38 | NEUTRAL | The Stochastics value for HLLY is a neutral value. |
| Average True Range in percent/ATR (20) | 4 | MEDIUM VOLATILITY | The ATR as a percentage value for HLLY suggests some volalility. |
| Average Directional Index/ADX (14) | 40.19 | POSITIVE | The high ADX value value for HLLY suggests a strong trend. |
4.23
-0.02 (-0.47%)
HOLLEY INC / HLLY FAQ
What is the ChartMill technical rating of HOLLEY INC (HLLY) stock?
ChartMill assigns a technical rating of 10 / 10 to HLLY.
What is the trend direction for 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 62.9576. 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 positive.
What is the buy/sell signal for HOLLEY INC (HLLY) stock?
The buy/sell signal for HOLLEY INC (HLLY) is buy as both the short term and long term trends are positive.