HAMMOND MANUFACTURING -CL A (HMM-A.CA) Stock Technical Analysis
TSX:HMM-A - Toronto Stock Exchange - CA40851T1021 - Common Stock - Currency: CAD
Taking everything into account, HMM-A scores 5 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. HMM-A was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, HMM-A is a bad performer in the overall market: 78% of all stocks are doing better.
HMM-A is part of the Electrical Equipment industry. There are 14 other stocks in this industry, of which 61% are performing better than HMM-A.
Warning: HMM-A has an average volume of 7056 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
HMM-A is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
HMM-A is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so HMM-A is lagging the market slightly.
HMM-A has an average technical rating and also 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
7.55
10.94
3 important support areas can be observed.
- Support @8.04 from a trend line in the weekly time frame.
- Support @7.89 from a horizontal line in the weekly time frame.
- Support @7.63 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 9.40 to 9.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @9.86 from a trend line in the weekly time frame.
- Resistance @10.83 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 | NEUTRAL | NEUTRAL | The long term trend for HMM-A.CA is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for HMM-A.CA is up. |
| ChartMill Relative Strength | 22.67 | NEGATIVE | HMM-A.CA has a low relative strength, it was outperformed by 77.33% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of HMM-A.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of HMM-A.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of HMM-A.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.56 | NEUTRAL | The RSI value for HMM-A.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests HMM-A.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 46.3 | NEUTRAL | The Stochastics value for HMM-A.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 3.02 | MEDIUM VOLATILITY | The ATR as a percentage value for HMM-A.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 27.84 | POSITIVE | The high ADX value value for HMM-A.CA 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)
TSX:HMM-A (5/23/2025, 7:00:00 PM)
8.87
-0.25 (-2.74%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryElectrical Equipment
Performance
% Chg-2.74%
1 Week-5.94%
2 Weeks1.49%
1 Month5.34%
3 Month-9.03%
6 Month-8.37%
12 Month-14.71%
2 Year46.61%
3 Year117.4%
5 Year461.39%
10 Year320.38%
15 Year1067.11%
Volatility
ATR(14)0.26
ATR(20)%3.02%
ATR Inc-45.03%
Range Today0
ADR(20)0.22
ADR(20)%2.52%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS22.67
Mansfield-0.84
10 Day High9.6
10 Day Low8.57
20 Day High9.6
20 Day Low8.14
52 Week High11.31
52 Week Low7.07
CS1 End8.04
CR1 Start9.4
Volume & EV
DER(3)62.11%
DER(5)45.13%
Volume205
Volume Incr-34.97%
Vol(5)3.32K
Vol(50)7.06K