HENNESSY ADVISORS INC (HNNA)

US4258851009 - Common Stock

6.9  +0.12 (+1.77%)

Technical Rating and Analysis

4

Overall HNNA gets a technical rating of 4 out of 10. HNNA has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.

When comparing the yearly performance of all stocks, HNNA is a bad performer in the overall market: 73% of all stocks are doing better.
HNNA is part of the Capital Markets industry. There are 208 other stocks in this industry, of which 71% are performing better than HNNA.
Warning: HNNA has an average volume of 5692 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
HNNA is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so HNNA is lagging the market.
In the last month HNNA has a been trading in a tight range between 6.60 and 6.91.
Considerably lower volume is observed in the last couple of days.
Weekly and Daily overview Charts
HNNA Weekly chart
HNNA Daily chart
Setup Rating and Analysis

8

Although the technical rating is only medium, HNNA does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 6.80, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.

  • A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
Support and Resistance Analysis

6.33

7.36

We found 2 important support areas.

  • A support zone ranging from 6.65 to 6.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 6.39 to 6.52. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice one important area.

  • A resistance zone ranging from 7.26 to 7.29. 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
CRS27.54
Mansfield-1.43
10 Day High6.91
10 Day Low6.6
20 Day High6.91
20 Day Low6.6
52 Week High7.93
52 Week Low6.33
Performance
1 Week1.85%
2 Weeks4.55%
1 Month1.62%
3 Month2.83%
6 Month3.6%
12 Month-10.97%
2 Year-31.85%
3 Year-19.86%
5 Year-25.41%
10 YearN/A
15 YearN/A
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)0.02
RSI(14)58.16
LBB6.59
UBB6.91
HNNA Daily chart

HENNESSY ADVISORS INC

NASDAQ:HNNA (3/28/2024, 8:15:46 PM)

6.9

+0.12 (+1.77%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryCapital Markets
Performance
% Chg1.77%
1 Week1.85%
2 Weeks4.55%
1 Month1.62%
3 Month2.83%
6 Month3.6%
12 Month-10.97%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.13
ATR(20)%1.79%
ATR Inc
Range Today0.09
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 High6.91
10 Day Low6.6
20 Day High6.91
20 Day Low6.6
52 Week High7.93
52 Week Low6.33
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume5.20K
Volume Incr-53.27%
Vol(5)2.50K
Vol(50)5.69K