HINGE HEALTH INC-A (HNGE) Stock Technical Analysis
NYSE:HNGE - US4333131039 - Common Stock
56.08 USD
-1.65 (-2.86%)
56.08 USD
0 (0%)
We assign a technical rating of 6 out of 10 to HNGE. HNGE 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.
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. 93% of 101 stocks in the same industry do better.
The long and short term trends are both positive. This is looking good!
In the last month HNGE has a been trading in the 42.56 - 62.18 range, which is quite wide. It is currently trading near the high of this range.
HNGE has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 57.56, a Stop Loss order could be placed below this zone.
More info and screens
42.64
61.17
When analyzing the support we can see 3 important areas.
- A support zone ranging from 55.06 to 55.83. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 49.64 to 50.03. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @43.07 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 56.88 to 57.56. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @60.56 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 HNGE is up. |
| 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) | UP | POSITIVE | The current price of HNGE is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 59.85 | NEUTRAL | The RSI value for HNGE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.47 | NEGATIVE | The MACD value suggests HNGE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 55.42 | NEUTRAL | The Stochastics value for HNGE is a neutral value. |
| Average True Range in percent/ATR (20) | 6.88 | HIGH VOLATILITY | The high ATR as a percentage value for HNGE suggests high volalility. |
| Average Directional Index/ADX (14) | 20.28 | NEUTRAL | The ADX value for HNGE suggests a possible start of a new 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 60.57 | 56.87 | 3.70 (6.11%) | 16.37% |
| An entry @60.57. This is a Buy Stop order right above the resistance zone. | An exit @56.87. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 3.70 points, which is 6.11%. | For a 1.00% total portfolio risk, you can invest 16.37% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of HNGE. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
56.08
-1.65 (-2.86%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg-2.86%
1 Week3.09%
2 Weeks0.94%
1 Month28.43%
3 Month48.64%
6 MonthN/A
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)3.31
ATR(20)%6.88%
ATR Inc-9.6%
Range Today2.06
ADR(20)3.61
ADR(20)%6.43%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0
Mansfield-30
10 Day High62.18
10 Day Low50.29
20 Day High62.18
20 Day Low42.56
52 Week HighN/A
52 Week LowN/A
CS1 End57.56
CR1 Start60.56
Volume & EV
DER(3)-1.32%
DER(5)0.18%
Volume479.39K
Volume Incr-25.73%
Vol(5)634.90K
Vol(50)915.82K