HEMISPHERE ENERGY CORP (HME.CA) Stock Technical Analysis
TSX-V:HME - TSX Venture Exchange - CA4236301020 - Common Stock - Currency: CAD
Taking everything into account, HME scores 5 out of 10 in our technical rating. HME has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
66% of all other stocks performed better in the past year than HME.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
HME is part of the Oil, Gas & Consumable Fuels industry. There are 210 other stocks in this industry, HME did better than 44% of them.
HME is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so HME is lagging the market.
In the last month HME has a been trading in the 1.77 - 1.97 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is only medium, HME does present a nice setup opportunity. 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. There is a support zone below the current price at 1.82, a Stop Loss order could be placed below this zone.
More info and screens
1.62
1.97
When analyzing the support we can see 4 important areas.
- A support zone ranging from 1.79 to 1.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.76 from a trend line in the weekly time frame.
- A support zone ranging from 1.69 to 1.69. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @1.64 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 1.85 to 1.88. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @1.95 from a horizontal line 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 HME.CA is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for HME.CA is neutral. |
| ChartMill Relative Strength | 34.46 | NEUTRAL | HME.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of HME.CA is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of HME.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of HME.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.76 | NEUTRAL | The RSI value for HME.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests HME.CA has a negative trend. |
| Stochastics (14,3) | 16.37 | OVERSOLD | The low Stochastics value suggests HME.CA may be oversold. |
| Average True Range in percent/ATR (20) | 2.64 | MEDIUM VOLATILITY | The ATR as a percentage value for HME.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 13.88 | NEGATIVE | The low ADX value for HME.CA suggests a weak or negative 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)
TSX-V:HME (7/4/2025, 7:00:00 PM)
1.84
-0.02 (-1.08%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-1.08%
1 Week-1.08%
2 Weeks-5.64%
1 Month2.79%
3 Month4.55%
6 Month0.55%
12 Month1.1%
2 Year43.75%
3 Year15%
5 Year1572.73%
10 Year700%
15 Year776.19%
Volatility
ATR(14)0.05
ATR(20)%2.64%
ATR Inc-46.84%
Range Today0.03
ADR(20)0.05
ADR(20)%2.53%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS34.46
Mansfield-0.65
10 Day High1.96
10 Day Low1.83
20 Day High1.97
20 Day Low1.77
52 Week High2.03
52 Week Low1.63
CS1 End1.82
CR1 Start1.85
Volume & EV
DER(3)0%
DER(5)0%
Volume139.58K
Volume Incr-25.5%
Vol(5)62.80K
Vol(50)88.33K