HNI Technical Analysis - HNI CORP

Technical Rating and Analysis

We assign a technical rating of 0 out of 10 to HNI. HNI's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

When comparing the yearly performance of all stocks, HNI is a bad performer in the overall market: 86% of all stocks are doing better.

HNI is part of the Commercial Services & Supplies industry. There are 84 other stocks in this industry, of which 63% are performing better than HNI.

HNI is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

In the last month HNI has a been trading in the 43.00 - 47.72 range, which is quite wide. It is currently trading near the lows of this range.

Prices have been falling strongly lately, it is better to avoid new long positions here.

The short term trend is negative, the long term trend is neutral. Not much exciting going on here.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

The technical rating of HNI is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

40.78

51.77

When analyzing the support we can see 2 important areas.

Support @42.13 from a horizontal line in the weekly time frame.
Support @41.19 from a horizontal line in the weekly time frame.

2 important resistance areas can be observed.

A resistance zone ranging from 45.23 to 47.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 50.92 to 51.26. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

Support and Resistance indicators

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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	NEUTRAL	NEUTRAL	The long term trend for HNI is neutral.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for HNI is down.
ChartMill Relative Strength	14.61	NEGATIVE	HNI has a low relative strength, it was outperformed by 85.39% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of HNI is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of HNI is below a declining 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)	33.86	NEUTRAL	The RSI value for HNI is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.25	NEGATIVE	The MACD value suggests HNI has a negative trend.
Stochastics (14,3)	18.62	OVERSOLD	The low Stochastics value suggests HNI may be oversold.
Average True Range in percent/ATR (20)	2.49	MEDIUM VOLATILITY	The ATR as a percentage value for HNI suggests some volalility.
Average Directional Index/ADX (14)	15.38	NEGATIVE	The low ADX value for HNI suggests a weak or negative trend.