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. In the past year, HNI was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
Although the technical rating is only medium, HNI does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 47.93. Right above this resistance zone may be a good entry point.
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39.85
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.
3 important resistance areas can be observed.
- A resistance zone ranging from 47.93 to 48.07. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @48.92 from a horizontal line in the daily time frame.
- 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 | 46.62 | 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) | 54.56 | NEUTRAL | The RSI value for HNI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests HNI has a negative trend. |
| Stochastics (14,3) | 42.92 | NEUTRAL | The Stochastics value for HNI is a neutral value. |
| Average True Range in percent/ATR (20) | 2.82 | MEDIUM VOLATILITY | The ATR as a percentage value for HNI suggests some volalility. |
| Average Directional Index/ADX (14) | 28.02 | POSITIVE | The high ADX value value for HNI suggests a strong trend. |
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 |
|---|---|---|---|
| 48.08 | 45.33 | 2.75 (5.72%) | 17.48% |
| An entry @48.08. 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 2.75 points, which is 5.72%. | When investing 17.48% 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.
46.47
-0.69 (-1.46%)