HOOKER FURNISHINGS CORP (HOFT) Stock Technical Analysis
NASDAQ:HOFT - US4390381006 - Common Stock
10.85 USD
+0.11 (+1.02%)
10.64 USD
-0.21 (-1.94%)
We assign a technical rating of 3 out of 10 to HOFT. In the past year, HOFT was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
87% of all other stocks performed better in the past year than HOFT.
HOFT is one of the lesser performing stocks in the Household Durables industry. 77% of 63 stocks in the same industry do better.
HOFT is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
In the last month HOFT has a been trading in the 9.26 - 10.92 range, which is quite wide. It is currently trading near the high of this range.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
HOFT has a poor technical rating and the quality of the setup is also only medium 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
9.03
18.81
We found 4 important support areas.
- A support zone ranging from 10.19 to 10.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 9.62 to 9.69. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @9.30 from a trend line in the weekly time frame.
- Support @9.12 from a horizontal line in the daily time frame.
4 important resistance areas can be observed.
- Resistance @11.09 from a trend line in the daily time frame.
- A resistance zone ranging from 11.77 to 11.78. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 12.08 to 12.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @18.62 from a horizontal line in the weekly time frame.
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 HOFT is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for HOFT is up. |
| ChartMill Relative Strength | 13.67 | NEGATIVE | HOFT has a low relative strength, it was outperformed by 86.33% off all stocks 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) | DOWN | MIXED | The current price of HOFT is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of HOFT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 60.32 | NEUTRAL | The RSI value for HOFT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests HOFT has a positive trend. |
| Stochastics (14,3) | 93.81 | OVERBOUGHT | The high Stochastics value suggests HOFT may be overbought. |
| Average True Range in percent/ATR (20) | 3.79 | MEDIUM VOLATILITY | The ATR as a percentage value for HOFT suggests some volalility. |
| Average Directional Index/ADX (14) | 16.12 | NEGATIVE | The low ADX value for HOFT suggests a weak or negative 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)
10.85
+0.11 (+1.02%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHousehold Durables
Performance
% Chg1.02%
1 Week8.23%
2 Weeks6.37%
1 Month16.67%
3 Month6.58%
6 Month-10.85%
12 Month-33.52%
2 Year-44.22%
3 Year-19.57%
5 Year-57.99%
10 Year-53.91%
15 Year-6.71%
Volatility
ATR(14)0.4
ATR(20)%3.79%
ATR Inc-23.38%
Range Today0.42
ADR(20)0.4
ADR(20)%3.66%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS13.67
Mansfield-2.19
10 Day High10.92
10 Day Low9.77
20 Day High10.92
20 Day Low9.26
52 Week High19.79
52 Week Low7.34
CS1 End10.43
CR1 Start11.09
Volume & EV
DER(3)3.18%
DER(5)1.32%
Volume23.20K
Volume Incr-52.77%
Vol(5)15.27K
Vol(50)47.65K