HNI CORP (HNI) Stock Technical Analysis
NYSE:HNI - New York Stock Exchange, Inc. - US4042511000 - Common Stock - Currency: USD
Taking everything into account, HNI scores 6 out of 10 in our technical rating. HNI has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month HNI has a been trading in the 42.47 - 50.74 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
When comparing the performance of all stocks over the past year, HNI turns out to be only a medium performer in the overall market: it outperformed 66% of all stocks.
HNI is part of the Commercial Services & Supplies industry. There are 83 other stocks in this industry, HNI did better than 57% of them.
HNI 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 HNI is lagging the market slightly.
Although the technical rating is only medium, HNI does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 47.77. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 46.83, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
39.85
50.50
4 important support areas can be observed.
- A support zone ranging from 46.57 to 46.83. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 41.96 to 42.13. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @41.19 from a horizontal line in the weekly time frame.
- Support @40.25 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 47.77 to 47.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @48.92 from a horizontal line in the daily time frame.
- Resistance @50.00 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 HNI is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for HNI is up. |
| ChartMill Relative Strength | 66.12 | NEUTRAL | HNI is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of HNI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of HNI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of HNI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57.62 | NEUTRAL | The RSI value for HNI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.14 | NEGATIVE | The MACD value suggests HNI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 33.14 | NEUTRAL | The Stochastics value for HNI is a neutral value. |
| Average True Range in percent/ATR (20) | 2.74 | MEDIUM VOLATILITY | The ATR as a percentage value for HNI suggests some volalility. |
| Average Directional Index/ADX (14) | 26.68 | POSITIVE | The high ADX value value for HNI suggests a strong 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 |
|---|---|---|---|
| 47.94 | 46.56 | 1.38 (2.88%) | 25.00% |
| An entry @47.94. This is a Buy Stop order right above the resistance zone. | An exit @46.56. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.38 points, which is 2.88%. | For a 0.72% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of HNI. 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.
47.26
+1.12 (+2.43%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryCommercial Services & Supplies
Performance
% Chg2.43%
1 Week0.21%
2 Weeks-1.05%
1 Month9.47%
3 Month5%
6 Month-15.7%
12 Month6.92%
2 Year67.71%
3 Year36.24%
5 Year54.6%
10 Year-7.61%
15 Year71.29%
Volatility
ATR(14)0.94
ATR(20)%2.74%
ATR Inc26.94%
Range Today1.68
ADR(20)1.16
ADR(20)%2.45%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS66.12
Mansfield-0.77
10 Day High47.75
10 Day Low45.34
20 Day High50.74
20 Day Low42.47
52 Week High58.42
52 Week Low39.76
CS1 End46.83
CR1 Start47.77
Volume & EV
DER(3)-0.5%
DER(5)-2.32%
Volume397.60K
Volume Incr-28.09%
Vol(5)242.53K
Vol(50)305.85K