HNI CORP (HNI) Stock Technical Analysis
NYSE:HNI - New York Stock Exchange, Inc. - US4042511000 - Common Stock - Currency: USD
Overall HNI gets a technical rating of 6 out of 10. 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.
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 53% of all stocks.
HNI is part of the Commercial Services & Supplies industry. There are 83 other stocks in this industry, HNI did better than 48% 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.
In the last month HNI has a been trading in the 41.46 - 50.74 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is only medium, HNI does present a nice setup opportunity. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
39.85
50.50
When analyzing the support we can see 3 important areas.
- A support zone ranging from 41.85 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.
2 important resistance areas can be observed.
- A resistance zone ranging from 47.21 to 48.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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 | 53.26 | 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) | 58.39 | NEUTRAL | The RSI value for HNI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests HNI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 47.07 | NEUTRAL | The Stochastics value for HNI is a neutral value. |
| Average True Range in percent/ATR (20) | 2.77 | MEDIUM VOLATILITY | The ATR as a percentage value for HNI suggests some volalility. |
| Average Directional Index/ADX (14) | 28.22 | 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 |
|---|---|---|---|
| 48.93 | 45.33 | 3.60 (7.36%) | 13.59% |
| An entry @48.93. This is a Buy Stop order right above the resistance zone. | An exit @45.33. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 3.60 points, which is 7.36%. | When investing 13.59% 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.
47.16
+1.63 (+3.58%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryCommercial Services & Supplies
Performance
% Chg3.58%
1 Week-1.26%
2 Weeks-3.58%
1 Month12.1%
3 Month1.22%
6 Month-16.75%
12 Month0.23%
2 Year84.94%
3 Year23.68%
5 Year85.16%
10 Year-2.74%
15 Year53.82%
Volatility
ATR(14)1.45
ATR(20)%2.77%
ATR Inc2.14%
Range Today1.66
ADR(20)1.15
ADR(20)%2.44%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS53.26
Mansfield-0.72
10 Day High49.47
10 Day Low45.34
20 Day High50.74
20 Day Low41.46
52 Week High58.42
52 Week Low39.76
CS1 End42.13
CR1 Start47.21
Volume & EV
DER(3)-4.38%
DER(5)-4.31%
Volume302.80K
Volume Incr-16.69%
Vol(5)268.38K
Vol(50)360.83K