We assign a technical rating of 8 out of 10 to HOFT. Although HOFT is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Although HOFT has an excellent technical rating, the quality of the presented setup is not ideal 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.
More info and screens
8.50
We found 5 important support areas.
- A support zone ranging from 11.08 to 11.33. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 10.58 to 10.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @10.40 from a horizontal line in the daily time frame.
- Support @9.14 from a trend line in the daily time frame.
- Support @8.59 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 11.82 to 12.07. 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 | UP | POSITIVE | The long term trend for HOFT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for HOFT is up. |
| ChartMill Relative Strength | 65.54 | NEUTRAL | HOFT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of HOFT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of HOFT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of HOFT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 61.74 | NEUTRAL | The RSI value for HOFT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests HOFT has a positive trend. |
| Stochastics (14,3) | 85.28 | OVERBOUGHT | The high Stochastics value suggests HOFT may be overbought. |
| Average True Range in percent/ATR (20) | 5.18 | HIGH VOLATILITY | The high ATR as a percentage value for HOFT suggests high volalility. |
| Average Directional Index/ADX (14) | 16.38 | NEGATIVE | The low ADX value for HOFT suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 12.08 | 11.07 | 1.01 (8.36%) | 11.96% |
| An entry @12.08. This is a Buy Stop order right above the resistance zone. | An exit @11.07. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.01 points, which is 8.36%. | For a 1.00% total portfolio risk, you can invest 11.96% of your capital in this trade. |
- 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.
11.81
+0.26 (+2.25%)
HOOKER FURNISHINGS CORP / HOFT FAQ
What is the technical rating for HOFT stock?
ChartMill assigns a technical rating of 8 / 10 to HOFT.
Can you provide the trend direction for HOOKER FURNISHINGS CORP?
The current trend direction for HOOKER FURNISHINGS CORP (HOFT) is Bullish.
What is the RSI signal for HOFT stock?
HOOKER FURNISHINGS CORP (HOFT) has an RSI value of 61.7443. This indicates that the stock is currently neutral.
What is the MACD signal for HOOKER FURNISHINGS CORP (HOFT) stock?
The MACD indicator for HOOKER FURNISHINGS CORP (HOFT) has a value of 0.045931, indicating a bearish trend.
Can you provide the short term momentum for HOOKER FURNISHINGS CORP?
The short term momentum for HOOKER FURNISHINGS CORP (HOFT) is positive.