HANGER INC (HNGR) Technical Analysis
NYSE:HNGR • US41043F2083
Current stock price
HNGR Technical Rating and Analysis
We assign a technical rating of 9 out of 10 to HNGR. Both in the recent history as in the last year, HNGR has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Both the short term and long term trends are positive. This is a very positive sign.
- HNGR is one of the better performing stocks in the Health Care Providers & Services industry, it outperforms 84% of 100 stocks in the same industry.
- HNGR has an average volume of 1020300 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Looking at the yearly performance, HNGR did better than 89% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
- HNGR 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 HNGR is lagging the market slightly.
- In the last month HNGR has a been trading in a tight range between 18.64 and 18.75.
HNGR Weekly and Daily overview Charts
HNGR Setup Rating and Analysis
HNGR has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 18.73. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 18.70, a Stop Loss order could be placed below this zone.
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HNGR Support and Resistance Analysis
18.45
When analyzing the support we notice one important area.
- A support zone ranging from 18.64 to 18.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 18.73 to 18.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 19.36 to 19.36. This zone is formed by a combination of multiple trend lines in the daily time frame.
HNGR 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 HNGR is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for HNGR is up. |
| ChartMill Relative Strength | 89.74 | POSITIVE | HNGR has a high relative strength, it outperformed 89.74% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of HNGR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of HNGR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of HNGR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 68.78 | NEUTRAL | The RSI value for HNGR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests HNGR has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 81.45 | OVERBOUGHT | The high Stochastics value suggests HNGR may be overbought. |
| Average True Range in percent/ATR (20) | 0.21 | LOW VOLATILITY | The low ATR as a percentage value for HNGR suggests low volalility. |
| Average Directional Index/ADX (14) | 49.33 | POSITIVE | The high ADX value value for HNGR suggests a strong trend. |
HNGR Chart- and CandleStick Pattern Analysis
HNGR Example Setup
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 |
|---|---|---|---|
| 18.76 | 18.63 | 0.14 (0.72%) | 25.00% |
| An entry @18.76. This is a Buy Stop order right above the 10 day high. | An exit @18.63. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.14 points, which is 0.72%. | For a 0.18% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
HNGR Technicals: Chart, Performance Metrics, Trend & Indicators
18.72
0 (0%)
HANGER INC / HNGR TA FAQ
What is the technical rating for HNGR stock?
ChartMill assigns a technical rating of 8 / 10 to HNGR.
Can you provide the trend direction for HANGER INC?
The current trend direction for HANGER INC (HNGR) is Bullish.
What is the RSI signal for HANGER INC (HNGR) stock?
HANGER INC (HNGR) has an RSI value of 68.7776. This indicates that the stock is currently neutral.
What is the buy/sell signal for HANGER INC (HNGR) stock?
The buy/sell signal for HANGER INC (HNGR) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for HANGER INC?
HANGER INC (HNGR) has a support level at 18.7 and a resistance level at 18.73. Check the full technical report for our detailed analysis of HNGR support and resistance levels.