HONGLI GROUP INC (HLP) Stock Technical Analysis
USA - NASDAQ:HLP - KYG4594M1087 - Common Stock
1.12 USD
+0.08 (+7.43%)
1.04 USD
-0.08 (-7.14%)
Taking everything into account, HLP scores 7 out of 10 in our technical rating. In the last year, HLP was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
HLP is one of the lesser performing stocks in the Metals & Mining industry. 62% of 156 stocks in the same industry do better.
Both the short term and long term trends are positive. This is a very positive sign.
In the last month HLP has a been trading in the 0.64 - 1.14 range, which is quite wide. It is currently trading near the high of this range.
When comparing the yearly performance of all stocks, we notice that HLP is one of the better performing stocks in the market, outperforming 79% of all stocks. However, this relatively good performance is mostly due to a recent big move.
HLP is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so HLP is lagging the market.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
HLP has an excellent technical rating, but the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
0.62
1.41
We found 2 important support areas.
- Support @1.00 from a horizontal line in the daily time frame.
- Support @0.63 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @1.15 from a trend line in the weekly time frame.
- Resistance @1.40 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 | UP | POSITIVE | The long term trend for HLP is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for HLP is up. |
| ChartMill Relative Strength | 79.95 | POSITIVE | HLP has a high relative strength, it outperformed 79.95% 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) | UP | POSITIVE | The current price of HLP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of HLP is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 76.51 | OVERBOUGHT | The high RSI value suggests HLP may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests HLP has a positive trend. |
| Stochastics (14,3) | 90.17 | OVERBOUGHT | The high Stochastics value suggests HLP may be overbought. |
| Average True Range in percent/ATR (20) | 6.92 | HIGH VOLATILITY | The high ATR as a percentage value for HLP suggests high volalility. |
| Average Directional Index/ADX (14) | 52.81 | 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)
1.12
+0.08 (+7.43%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg7.43%
1 Week8.74%
2 Weeks14.57%
1 Month62.3%
3 Month46.42%
6 Month-5.88%
12 Month-10.4%
2 Year-21.13%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.08
ATR(20)%6.92%
ATR Inc-25.85%
Range Today0.1
ADR(20)0.08
ADR(20)%6.9%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS79.95
Mansfield-0.92
10 Day High1.14
10 Day Low0.93
20 Day High1.14
20 Day Low0.64
52 Week High1.82
52 Week Low0.61
CS1 End1
CR1 Start1.15
Volume & EV
DER(3)4.56%
DER(5)3.01%
Volume286.30K
Volume Incr-47.79%
Vol(5)102.04K
Vol(50)155.98K