HNI CORP (HNI) Stock Technical Analysis
NYSE:HNI - New York Stock Exchange, Inc. - US4042511000 - Common Stock - Currency: USD
We assign a technical rating of 8 out of 10 to HNI. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, HNI is only an average performer.
The long and short term trends are both positive. This is looking good!
HNI is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
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 68% of all stocks.
HNI is an average performer in the Commercial Services & Supplies industry, it outperforms 65% of 83 stocks in the same industry.
HNI is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so HNI is lagging the market.
HNI has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 50.97, a Stop Loss order could be placed below this zone.
More info and screens
41.71
52.74
3 important support areas can be observed.
- A support zone ranging from 49.92 to 50.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 45.52 to 45.53. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 42.13 to 42.61. This zone is formed by a combination of multiple trend lines in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 51.46 to 52.22. This zone is formed by a combination of multiple trend lines and important moving averages 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 HNI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for HNI is up. |
| ChartMill Relative Strength | 68.93 | 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 | MIXED | The current price of HNI is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 56.06 | NEUTRAL | The RSI value for HNI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.13 | NEGATIVE | The MACD value suggests HNI has a negative trend. |
| Stochastics (14,3) | 59.55 | NEUTRAL | The Stochastics value for HNI is a neutral value. |
| Average True Range in percent/ATR (20) | 2.44 | MEDIUM VOLATILITY | The ATR as a percentage value for HNI suggests some volalility. |
| Average Directional Index/ADX (14) | 25.7 | 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 |
|---|---|---|---|
| 52.23 | 49.98 | 2.25 (4.31%) | 23.21% |
| An entry @52.23. This is a Buy Stop order right above the resistance zone. | An exit @49.98. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 2.25 points, which is 4.31%. | When investing 23.21% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
50.98
-0.7 (-1.35%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryCommercial Services & Supplies
Performance
% Chg-1.35%
1 Week-1.32%
2 Weeks-2.15%
1 Month8.75%
3 Month23.74%
6 Month0.26%
12 Month5.42%
2 Year75.25%
3 Year44.34%
5 Year71.65%
10 Year2.8%
15 Year97.29%
Volatility
ATR(14)1.23
ATR(20)%2.44%
ATR Inc-0.53%
Range Today1.25
ADR(20)1.22
ADR(20)%2.39%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS68.93
Mansfield-0.51
10 Day High52.98
10 Day Low49.99
20 Day High52.98
20 Day Low45.92
52 Week High58.42
52 Week Low39.76
CS1 End50.97
CR1 Start51.46
Volume & EV
DER(3)-1.28%
DER(5)-1.19%
Volume166.40K
Volume Incr-30.36%
Vol(5)215.06K
Vol(50)299.12K