HINGE HEALTH INC-A (HNGE) Technical Analysis
NYSE:HNGE • US4333131039
Taking everything into account, HNGE scores 3 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. HNGE was also a bad performer in the overall market in the last year.
- 100% of all other stocks performed better in the past year than HNGE.
- HNGE is part of the Health Care Providers & Services industry. There are 101 other stocks in this industry, of which 92% are performing better than HNGE.
- 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.
- In the last month HNGE has a been trading in the 30.08 - 47.24 range, which is quite wide. It is currently trading near the high of this range.
- HNGE has an average volume of 1284670 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
The technical rating of HNGE is bad and it also does not present a quality setup 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
43.91
2 important support areas can be observed.
- A support zone ranging from 45.84 to 46.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 44.35 to 45.00. This zone is formed by a combination of multiple trend lines in the daily time frame.
We can see 2 important resistance areas.
- Resistance @46.15 from a horizontal line in the daily time frame.
- A resistance zone ranging from 50.05 to 50.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The short term trend for HNGE is up. |
| 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) | UP | POSITIVE | The current price of HNGE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of HNGE is above a declining SMA(50). |
| Relative Strength Index/RSI (14) | 64.3 | NEUTRAL | The RSI value for HNGE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.93 | POSITIVE | The MACD value suggests HNGE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 88.38 | OVERBOUGHT | The high Stochastics value suggests HNGE may be overbought. |
| Average True Range in percent/ATR (20) | 5.38 | HIGH VOLATILITY | The high ATR as a percentage value for HNGE suggests high volalility. |
| Average Directional Index/ADX (14) | 22.41 | NEUTRAL | The ADX value for HNGE suggests a possible start of a new trend. |
HNGE Technicals: Chart, Performance Metrics, Trend & Indicators
46.14
+0.3 (+0.65%)
HINGE HEALTH INC-A / HNGE FAQ
What is the technical rating for HNGE stock?
ChartMill assigns a technical rating of 3 / 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 64.3029. This indicates that the stock is currently neutral.
What is the support and resistance level for HNGE stock?
HINGE HEALTH INC-A (HNGE) has a support level at 46.13 and a resistance level at 46.15. Check the full technical report for our detailed analysis of HNGE support and resistance levels.