HINGE HEALTH INC-A (HNGE) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:HNGE - US4333131039 - Common Stock
Overall HNGE gets a technical rating of 0 out of 10. HNGE's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- 100% of all other stocks performed better in the past year than HNGE.
- HNGE is one of the lesser performing stocks in the Health Care Providers & Services industry. 89% of 103 stocks in the same industry do better.
- In the last month HNGE has a been trading in the 37.50 - 51.15 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- HNGE has an average volume of 1373980 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- Considerably lower volume is observed in the last couple of days.
The technical rating of HNGE is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
37.27
When analyzing the resistance we notice 4 important areas.
- Resistance @42.57 from a horizontal line in the daily time frame.
- Resistance @47.61 from a trend line in the daily time frame.
- Resistance @48.76 from a horizontal line in the daily time frame.
- Resistance @50.05 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 | NEUTRAL | NEUTRAL | The long term trend for HNGE is neutral. |
| 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) | 25.2 | OVERSOLD | The low RSI value suggests HNGE may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.68 | NEGATIVE | The MACD value suggests HNGE has a negative trend. |
| Stochastics (14,3) | 5.8 | OVERSOLD | The low Stochastics value suggests HNGE may be oversold. |
| Average True Range in percent/ATR (20) | 5.43 | HIGH VOLATILITY | The high ATR as a percentage value for HNGE suggests high volalility. |
| Average Directional Index/ADX (14) | 23.38 | NEUTRAL | The ADX value for HNGE suggests a possible start of a new trend. |
37.65
-2.75 (-6.81%)
HINGE HEALTH INC-A / HNGE FAQ
What is the technical rating for HNGE stock?
ChartMill assigns a technical rating of 0 / 10 to HNGE.
What is the current trend direction of HINGE HEALTH INC-A (HNGE) stock?
The current trend direction for HINGE HEALTH INC-A (HNGE) is Bearish.
What is the RSI signal for HNGE stock?
HINGE HEALTH INC-A (HNGE) has an RSI value of 25.1991. This indicates that the stock is currently oversold.
What is the support and resistance level for HNGE stock?
HINGE HEALTH INC-A (HNGE) has a resistance level at 42.57. Check the full technical report for our detailed analysis of HNGE support and resistance levels.