HONGLI GROUP INC (HLP) Stock Technical Analysis
NASDAQ:HLP - KYG4594M1087 - Common Stock
0.695 USD
+0.01 (+0.72%)
0.7 USD
+0.01 (+0.72%)
Overall HLP gets a technical rating of 1 out of 10. HLP scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, HLP is a bad performer in the overall market: 96% of all stocks are doing better.
HLP is one of the lesser performing stocks in the Metals & Mining industry. 93% of 156 stocks in the same industry do better.
HLP is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month HLP has a been trading in the 0.62 - 0.76 range, which is quite wide. It is currently trading near the high of this range.
Although the technical rating is bad, HLP does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 0.69, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for HLP in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
0.60
1.26
When analyzing the support we can see 3 important areas.
- A support zone ranging from 0.68 to 0.69. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @0.63 from a horizontal line in the daily time frame.
- A support zone ranging from 0.61 to 0.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- Resistance @0.70 from a horizontal line in the weekly time frame.
- Resistance @0.72 from a horizontal line in the daily time frame.
- Resistance @1.12 from a trend line in the weekly time frame.
- Resistance @1.25 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 | DOWN | NEGATIVE | The long term trend for HLP is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for HLP is neutral. |
| ChartMill Relative Strength | 4.57 | NEGATIVE | HLP has a low relative strength, it was outperformed by 95.43% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of HLP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of HLP is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of HLP is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.06 | NEUTRAL | The RSI value for HLP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests HLP has a positive trend. |
| Stochastics (14,3) | 44.86 | NEUTRAL | The Stochastics value for HLP is a neutral value. |
| Average True Range in percent/ATR (20) | 7.57 | HIGH VOLATILITY | The high ATR as a percentage value for HLP suggests high volalility. |
| Average Directional Index/ADX (14) | 26.39 | POSITIVE | The high ADX value value for HLP suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
0.695
+0.01 (+0.72%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg0.72%
1 Week-3.34%
2 Weeks11.74%
1 Month2.81%
3 Month-18.24%
6 Month-50%
12 Month-63.61%
2 Year-51.06%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.05
ATR(20)%7.57%
ATR Inc18.17%
Range Today0.08
ADR(20)0.05
ADR(20)%7.31%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS4.57
Mansfield-4.52
10 Day High0.76
10 Day Low0.63
20 Day High0.76
20 Day Low0.62
52 Week High2
52 Week Low0.61
CS1 End0.69
CR1 Start0.7
Volume & EV
DER(3)2.2%
DER(5)8.98%
Volume266.60K
Volume Incr-32.13%
Vol(5)147.68K
Vol(50)155.37K