HENNESSY ADVISORS INC (HNNA) Stock Technical Analysis
NASDAQ:HNNA - Nasdaq - US4258851009 - Common Stock - Currency: USD
Taking everything into account, HNNA scores 9 out of 10 in our technical rating. HNNA has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
Warning: HNNA has an average volume of 12736 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that HNNA is one of the better performing stocks in the market, outperforming 91% of all stocks.
HNNA is part of the Capital Markets industry. There are 232 other stocks in this industry. HNNA outperforms 93% of them.
HNNA is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
HNNA 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 HNNA is lagging the market slightly.
Besides having an excellent technical rating, HNNA also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 11.11. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for HNNA in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- 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.
More info and screens
9.40
11.51
2 important support areas can be observed.
- A support zone ranging from 10.00 to 10.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 9.49 to 9.61. This zone is formed by a combination of multiple trend lines in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 11.11 to 11.40. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | UP | POSITIVE | The long term trend for HNNA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for HNNA is up. |
| ChartMill Relative Strength | 91.2 | POSITIVE | HNNA has a high relative strength, it outperformed 91.2% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of HNNA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of HNNA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of HNNA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.44 | NEUTRAL | The RSI value for HNNA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests HNNA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 70.01 | NEUTRAL | The Stochastics value for HNNA is a neutral value. |
| Average True Range in percent/ATR (20) | 4.29 | MEDIUM VOLATILITY | The ATR as a percentage value for HNNA suggests some volalility. |
| Average Directional Index/ADX (14) | 22.34 | NEUTRAL | The ADX value for HNNA suggests a possible start of a new 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 |
|---|---|---|---|
| 11.41 | 10.54 | 0.87 (7.62%) | 13.11% |
| An entry @11.41. This is a Buy Stop order right above the resistance zone. | An exit @10.54. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.87 points, which is 7.62%. | When investing 13.11% 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.
NASDAQ:HNNA (6/13/2025, 8:07:12 PM)
11.1
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryCapital Markets
Performance
% Chg0%
1 Week0.91%
2 Weeks2.78%
1 Month6.73%
3 Month9.04%
6 Month-18.38%
12 Month56.12%
2 Year57.22%
3 Year6.32%
5 Year40.68%
10 Year32.49%
15 YearN/A
Volatility
ATR(14)0.44
ATR(20)%4.29%
ATR Inc-25.67%
Range Today0.4
ADR(20)0.47
ADR(20)%4.24%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.2
Mansfield0.26
10 Day High11.5
10 Day Low10.55
20 Day High11.5
20 Day Low10.07
52 Week High13.88
52 Week Low6.95
CS1 End10.09
CR1 Start11.11
Volume & EV
DER(3)11.63%
DER(5)12.87%
Volume6.00K
Volume Incr-29.47%
Vol(5)6.82K
Vol(50)12.74K