HNI CORP (HNI)

US4042511000 - Common Stock

43.35  +1.48 (+3.53%)

After market: 43.35 0 (0%)

Technical Rating and Analysis

8

Overall HNI gets a technical rating of 8 out of 10. In the last year, HNI was one of the better performers, but we do observe some doubts in the very recent evolution.

The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
When comparing the yearly performance of all stocks, we notice that HNI is one of the better performing stocks in the market, outperforming 91% of all stocks. On top of that, HNI also shows a nice and consistent pattern of rising prices.
HNI is part of the Commercial Services & Supplies industry. There are 84 other stocks in this industry. HNI outperforms 81% of them.
HNI is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so HNI is performing more or less in line with the market.
In the last month HNI has a been trading in the 40.94 - 44.13 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Weekly and Daily overview Charts
HNI Weekly chart
HNI Daily chart
Setup Rating and Analysis

7

HNI has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 43.95. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 43.29, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for HNI in the last couple of days, which is a good sign.

  • Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
Support and Resistance Analysis

39.64

45.59

When analyzing the support we can see 3 important areas.

  • A support zone ranging from 41.87 to 43.29. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 41.07 to 41.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @40.04 from a horizontal line in the daily time frame.

We can see 2 important resistance areas.

  • Resistance @43.95 from a horizontal line in the daily time frame.
  • A resistance zone ranging from 45.14 to 45.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.84
Mansfield1
10 Day High43.42
10 Day Low41.08
20 Day High44.13
20 Day Low40.94
52 Week High45.47
52 Week Low25.06
Performance
1 Week2.6%
2 Weeks5.07%
1 Month-1.43%
3 Month5.81%
6 Month12.45%
12 Month71.89%
2 Year13.69%
3 Year-4.98%
5 Year30.73%
10 Year15.82%
15 Year149.86%
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)
Technical Indicators
MACD(12,26,9)0.08
RSI(14)54.4
LBB40.75
UBB43.7
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.

ENTRYEXITDISTANCECAPITAL
43.9641.862.10 (4.78%)20.93%
An entry @43.96. This is a Buy Stop order right above the resistance zone.An exit @41.86. This is a Stop Loss order right below the support zone.The worst case loss on the trade is limited to 2.10 points, which is 4.78%.For a 1.00% total portfolio risk, you can invest 20.93% 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.
HNI Daily chart

HNI CORP

NYSE:HNI (5/2/2024, 5:30:00 PM)

After market: 43.35 0 (0%)

43.35

+1.48 (+3.53%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryCommercial Services & Supplies
Performance
% Chg3.53%
1 Week2.6%
2 Weeks5.07%
1 Month-1.43%
3 Month5.81%
6 Month12.45%
12 Month71.89%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)1.04
ATR(20)%2.22%
ATR Inc
Range Today1.09
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High43.42
10 Day Low41.08
20 Day High44.13
20 Day Low40.94
52 Week High45.47
52 Week Low25.06
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume295.70K
Volume Incr72.75%
Vol(5)312.93K
Vol(50)266.52K