HOOKER FURNISHINGS CORP (HOFT) Stock Technical Analysis
NASDAQ:HOFT - Nasdaq - US4390381006 - Common Stock - Currency: USD
Overall HOFT gets a technical rating of 5 out of 10. HOFT has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
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.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
When comparing the performance of all stocks over the past year, HOFT turns out to be only a medium performer in the overall market: it outperformed 40% of all stocks.
HOFT is part of the Household Durables industry. There are 63 other stocks in this industry, HOFT did better than 56% of them.
In the last month HOFT has a been trading in the 9.58 - 12.09 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
HOFT has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 10.75, a Stop Loss order could be placed below this zone.
More info and screens
9.84
18.81
When analyzing the support we can see 2 important areas.
- A support zone ranging from 10.69 to 10.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @9.94 from a horizontal line in the daily time frame.
5 important resistance areas can be observed.
- A resistance zone ranging from 11.19 to 11.31. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 11.74 to 11.78. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @12.08 from a horizontal line in the daily time frame.
- Resistance @13.66 from a trend line in the weekly time frame.
- 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 | NEUTRAL | NEUTRAL | The long term trend for HOFT is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for HOFT is up. |
| ChartMill Relative Strength | 40.97 | NEUTRAL | HOFT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of HOFT is above a declining 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) | DOWN | NEGATIVE | The current price of HOFT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.55 | NEUTRAL | The RSI value for HOFT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests HOFT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 57.37 | NEUTRAL | The Stochastics value for HOFT is a neutral value. |
| Average True Range in percent/ATR (20) | 7.08 | HIGH VOLATILITY | The high ATR as a percentage value for HOFT suggests high volalility. |
| Average Directional Index/ADX (14) | 20.58 | NEUTRAL | The ADX value for HOFT 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)
11.17
+0.17 (+1.55%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHousehold Durables
Performance
% Chg1.55%
1 Week-3.04%
2 Weeks7.92%
1 Month-1.67%
3 Month31.57%
6 Month-13.34%
12 Month-24.53%
2 Year-44.34%
3 Year-32.47%
5 Year-47.8%
10 Year-55.23%
15 Year-5.5%
Volatility
ATR(14)0.76
ATR(20)%7.08%
ATR Inc-52.73%
Range Today0.38
ADR(20)0.79
ADR(20)%7.06%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS40.97
Mansfield-2.36
10 Day High12.09
10 Day Low9.97
20 Day High12.09
20 Day Low9.58
52 Week High19.79
52 Week Low7.34
CS1 End10.75
CR1 Start11.19
Volume & EV
DER(3)-0.53%
DER(5)-2.53%
Volume56.30K
Volume Incr-63.81%
Vol(5)71.00K
Vol(50)112.24K