Huaneng Power International Inc (HNP) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:HNP - US4433041005 - ADR
Taking everything into account, HNP scores 8 out of 10 in our technical rating. In the past year, HNP was one of the better performing stocks in the market. The medium term picture became unclear, although we see some improvement happening in recent action.
Although HNP has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
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16.63
When analyzing the support we can see 5 important areas.
- A support zone ranging from 18.95 to 19.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @17.87 from a horizontal line in the daily time frame.
- Support @17.57 from a trend line in the weekly time frame.
- A support zone ranging from 17.21 to 17.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @16.80 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 21.52 to 21.52. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The long term trend for HNP is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for HNP is up. |
| ChartMill Relative Strength | 98.48 | POSITIVE | HNP has a high relative strength, it outperformed 98.48% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of HNP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of HNP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of HNP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 65.13 | NEUTRAL | The RSI value for HNP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.3 | POSITIVE | The MACD value suggests HNP has a positive trend. |
| Stochastics (14,3) | 94.92 | OVERBOUGHT | The high Stochastics value suggests HNP may be overbought. |
| Average True Range in percent/ATR (20) | 4.26 | MEDIUM VOLATILITY | The ATR as a percentage value for HNP suggests some volalility. |
Huaneng Power International Inc
NYSE:HNP (7/7/2022, 9:41:55 PM)
21.51
+0.41 (+1.94%)
Huaneng Power International Inc / HNP FAQ
Can you provide the ChartMill technical rating for Huaneng Power International Inc?
ChartMill assigns a technical rating of 7 / 10 to HNP.
What is the trend direction for HNP stock?
The current trend direction for Huaneng Power International Inc (HNP) is Bearish.
Can you provide the RSI signal for Huaneng Power International Inc?
Huaneng Power International Inc (HNP) has an RSI value of 65.1317. This indicates that the stock is currently neutral.
Can you provide the short term momentum for Huaneng Power International Inc?
The short term momentum for Huaneng Power International Inc (HNP) is positive.