HENNESSY ADVISORS INC (HNNA) Technical Analysis
NASDAQ:HNNA • US4258851009
Current stock price
HNNA Technical Rating and Analysis
Overall HNNA gets a technical rating of 1 out of 10. HNNA scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- When comparing the yearly performance of all stocks, HNNA is a bad performer in the overall market: 62% of all stocks are doing better.
- HNNA is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so HNNA is lagging the market.
- Warning: HNNA has an average volume of 15186 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- HNNA is part of the Capital Markets industry. There are 242 other stocks in this industry, HNNA did better than 69% of them.
- In the last month HNNA has a been trading in the 9.53 - 10.30 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
HNNA Weekly and Daily overview Charts
HNNA Setup Rating and Analysis
Although the technical rating is bad, HNNA does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 9.70, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for HNNA 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.
More info and screens
HNNA Support and Resistance Analysis
8.77
When analyzing the support we can see 3 important areas.
- A support zone ranging from 9.51 to 9.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @9.19 from a horizontal line in the weekly time frame.
- A support zone ranging from 8.86 to 8.97. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 9.83 to 10.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @10.29 from a trend line in the daily time frame.
- Resistance @10.56 from a horizontal line in the weekly time frame.
- Resistance @12.14 from a trend line in the weekly time frame.
HNNA Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The long term trend for HNNA is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for HNNA is neutral. |
| ChartMill Relative Strength | 38.69 | NEUTRAL | HNNA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of HNNA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of HNNA is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of HNNA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 41.97 | NEUTRAL | The RSI value for HNNA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests HNNA has a negative trend. |
| Stochastics (14,3) | 24.25 | NEUTRAL | The Stochastics value for HNNA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.56 | MEDIUM VOLATILITY | The ATR as a percentage value for HNNA suggests some volalility. |
| Average Directional Index/ADX (14) | 21.18 | NEUTRAL | The ADX value for HNNA suggests a possible start of a new trend. |
HNNA Chart- and CandleStick Pattern Analysis
HNNA Technicals: Chart, Performance Metrics, Trend & Indicators
9.71
-0.02 (-0.21%)
HENNESSY ADVISORS INC / HNNA TA FAQ
What is the ChartMill technical rating of HENNESSY ADVISORS INC (HNNA) stock?
ChartMill assigns a technical rating of 1 / 10 to HNNA.
What is the current trend direction of HENNESSY ADVISORS INC (HNNA) stock?
The current trend direction for HENNESSY ADVISORS INC (HNNA) is Bearish.
Can you provide the RSI signal for HENNESSY ADVISORS INC?
HENNESSY ADVISORS INC (HNNA) has an RSI value of 41.9681. This indicates that the stock is currently neutral.
What is the MACD signal for HNNA stock?
The MACD indicator for HENNESSY ADVISORS INC (HNNA) has a value of -0.0263871, indicating a bearish trend.
What is the support and resistance level for HNNA stock?
HENNESSY ADVISORS INC (HNNA) has a support level at 9.7 and a resistance level at 9.83. Check the full technical report for our detailed analysis of HNNA support and resistance levels.