HNI CORP (HNI) Stock Technical Analysis
NYSE:HNI - New York Stock Exchange, Inc. - US4042511000 - Common Stock - Currency: USD
Taking everything into account, HNI scores 0 out of 10 in our technical rating. 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.
84% of all other stocks performed better in the past year than HNI.
HNI is one of the lesser performing stocks in the Commercial Services & Supplies industry. 67% of 84 stocks in the same industry do better.
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 40.05 - 53.29 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.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
The technical rating of HNI is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
39.85
52.94
When analyzing the support we can see 4 important areas.
- Support @42.93 from a trend line in the weekly time frame.
- Support @42.13 from a horizontal line 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.
2 important resistance areas can be observed.
- A resistance zone ranging from 48.35 to 49.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 51.76 to 52.42. This zone is formed by a combination of multiple trend lines 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 | DOWN | NEGATIVE | The short term trend for HNI is down. |
| ChartMill Relative Strength | 16.92 | NEGATIVE | HNI has a low relative strength, it was outperformed by 83.08% 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) | 24.97 | OVERSOLD | The low RSI value suggests HNI may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.12 | NEGATIVE | The MACD value suggests HNI has a negative trend. |
| Stochastics (14,3) | 28.78 | NEUTRAL | The Stochastics value for HNI is a neutral value. |
| Average True Range in percent/ATR (20) | 4.11 | MEDIUM VOLATILITY | The ATR as a percentage value for HNI suggests some volalility. |
| Average Directional Index/ADX (14) | 33.89 | 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)
43.61
-0.22 (-0.5%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryCommercial Services & Supplies
Performance
% Chg-0.5%
1 Week-15.22%
2 Weeks-15.81%
1 Month-16.81%
3 Month-8.31%
6 Month-9.45%
12 Month-13.04%
2 Year33.12%
3 Year36.28%
5 Year36.92%
10 Year-6.7%
15 Year86.61%
Volatility
ATR(14)2.03
ATR(20)%4.11%
ATR Inc-33.41%
Range Today1.12
ADR(20)1.65
ADR(20)%3.78%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS16.92
Mansfield-1.83
10 Day High52.75
10 Day Low40.05
20 Day High53.29
20 Day Low40.05
52 Week High58.42
52 Week Low39.76
CS1 End42.93
CR1 Start48.35
Volume & EV
DER(3)1.93%
DER(5)0.78%
Volume1.05M
Volume Incr589.06%
Vol(5)1.68M
Vol(50)416.37K