HNI CORP (HNI) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:HNI - US4042511000 - Common Stock
Overall HNI gets a technical rating of 3 out of 10. In the past year, HNI was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
HNI has a poor technical rating and the quality of the setup is also not perfect 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.
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42.00
When analyzing the support we notice one important area.
- A support zone ranging from 42.42 to 43.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 43.66 to 43.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @49.26 from a trend line in the weekly 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 | 28.67 | NEGATIVE | HNI has a low relative strength, it was outperformed by 71.33% off all stocks 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) | DOWN | MIXED | The current price of HNI is above 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) | 61.63 | NEUTRAL | The RSI value for HNI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests HNI has a positive trend. |
| Stochastics (14,3) | 81.46 | OVERBOUGHT | The high Stochastics value suggests HNI may be overbought. |
| Average True Range in percent/ATR (20) | 2.64 | MEDIUM VOLATILITY | The ATR as a percentage value for HNI suggests some volalility. |
| Average Directional Index/ADX (14) | 24.44 | NEUTRAL | The ADX value for HNI suggests a possible start of a new trend. |
43.65
+0.7 (+1.63%)
HNI CORP / HNI FAQ
What is the technical rating for HNI stock?
ChartMill assigns a technical rating of 3 / 10 to HNI.
Can you provide the trend direction for HNI CORP?
The current trend direction for HNI CORP (HNI) is Bearish.
What is the RSI signal for HNI stock?
HNI CORP (HNI) has an RSI value of 61.6325. This indicates that the stock is currently neutral.
Can you provide the short term momentum for HNI CORP?
The short term momentum for HNI CORP (HNI) is positive.
Can you provide the support and resistance levels for HNI CORP?
HNI CORP (HNI) has a support level at 43.18 and a resistance level at 43.66. Check the full technical report for our detailed analysis of HNI support and resistance levels.