HONGLI GROUP INC (HLP) Technical Analysis
NASDAQ:HLP • KYG4594M1087
Current stock price
HLP Technical Rating and Analysis
We assign a technical rating of 2 out of 10 to HLP. HLP has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- HLP is one of the lesser performing stocks in the Metals & Mining industry. 75% of 157 stocks in the same industry do better.
- HLP is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- HLP is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- When comparing the performance of all stocks over the past year, HLP turns out to be only a medium performer in the overall market: it outperformed 45% of all stocks.
HLP Weekly and Daily overview Charts
HLP Setup Rating and Analysis
HLP has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 0.85, a Stop Loss order could be placed below this zone.
More info and screens
HLP Support and Resistance Analysis
0.76
We found 2 important support areas.
- A support zone ranging from 0.84 to 0.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 0.77 to 0.78. This zone is formed by a combination of multiple trend lines in multiple time frames.
5 important resistance areas can be observed.
- A resistance zone ranging from 0.90 to 0.91. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 0.94 to 0.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.16 from a trend line in the daily time frame.
- Resistance @1.50 from a trend line in the weekly time frame.
- Resistance @1.66 from a horizontal line in the weekly time frame.
HLP Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The long term trend for HLP is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for HLP is down. |
| ChartMill Relative Strength | 45.07 | NEUTRAL | HLP is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of HLP is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of HLP is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of HLP is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 40.9 | NEUTRAL | The RSI value for HLP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests HLP has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 26.47 | NEUTRAL | The Stochastics value for HLP is a neutral value. |
| Average True Range in percent/ATR (20) | 7.54 | HIGH VOLATILITY | The high ATR as a percentage value for HLP suggests high volalility. |
| Average Directional Index/ADX (14) | 34.02 | POSITIVE | The high ADX value value for HLP suggests a strong trend. |
HLP Chart- and CandleStick Pattern Analysis
HLP Technicals: Chart, Performance Metrics, Trend & Indicators
0.8891
+0 (+0.45%)
HONGLI GROUP INC / HLP TA FAQ
What is the technical rating for HLP stock?
ChartMill assigns a technical rating of 2 / 10 to HLP.
What is the trend direction for HLP stock?
The current trend direction for HONGLI GROUP INC (HLP) is Bearish.
What is the RSI signal for HONGLI GROUP INC (HLP) stock?
HONGLI GROUP INC (HLP) has an RSI value of 40.9022. This indicates that the stock is currently neutral.
What is the MACD signal for HLP stock?
The MACD indicator for HONGLI GROUP INC (HLP) has a value of -0.00561375, indicating a bearish trend.
What is the buy/sell signal for HLP stock?
The buy/sell signal for HONGLI GROUP INC (HLP) is sell as both the short term and long term trends are negative.