HNGE Technical Analysis - HINGE HEALTH INC-A

Technical Rating and Analysis

Taking everything into account, HNGE scores 1 out of 10 in our technical rating. HNGE performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.

When comparing the yearly performance of all stocks, HNGE is a bad performer in the overall market: 100% of all stocks are doing better.

HNGE is one of the lesser performing stocks in the Health Care Providers & Services industry. 92% of 100 stocks in the same industry do better.

In the last month HNGE has a been trading in the 47.91 - 61.89 range, which is quite wide. It is currently trading near the lows of this range.

The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

HINGE HEALTH INC-A / HNGE Weekly stock chart

HINGE HEALTH INC-A / HNGE Daily stock chart

Setup Rating and Analysis

HNGE 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 48.45, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for HNGE 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

47.97

61.16

When analyzing the support we notice one important area.

A support zone ranging from 48.45 to 48.45. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice 4 important areas.

A resistance zone ranging from 49.58 to 51.57. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @53.82 from a horizontal line in the daily time frame.
Resistance @59.07 from a horizontal line in the daily time frame.
Resistance @60.55 from a horizontal line in the daily time frame.

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What is Support and Resistance

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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	UP	POSITIVE	The long term trend for HNGE is up.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for HNGE is down.
ChartMill Relative Strength	0	NEGATIVE	HNGE has a low relative strength, it was outperformed by 100% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of HNGE is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of HNGE is below a declining SMA(50).
Relative Strength Index/RSI (14)	41.64	NEUTRAL	The RSI value for HNGE is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.1	NEGATIVE	The MACD value suggests HNGE has a negative trend.
Stochastics (14,3)	34.41	NEUTRAL	The Stochastics value for HNGE is a neutral value.
Average True Range in percent/ATR (20)	5.78	HIGH VOLATILITY	The high ATR as a percentage value for HNGE suggests high volalility.
Average Directional Index/ADX (14)	10.41	NEGATIVE	The low ADX value for HNGE suggests a weak or negative trend.