HOOKER FURNISHINGS CORP (HOFT) Stock Technical Analysis
NASDAQ:HOFT - Nasdaq - US4390381006 - Common Stock - Currency: USD
We assign a technical rating of 1 out of 10 to HOFT. HOFT's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, HOFT is a bad performer in the overall market: 90% of all stocks are doing better.
HOFT is one of the lesser performing stocks in the Household Durables industry. 85% of 64 stocks in the same industry do better.
HOFT is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so HOFT is lagging the market.
In the last month HOFT has a been trading in the 8.46 - 10.55 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
HOFT has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 9.46, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for HOFT in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
8.40
18.81
When analyzing the support we can see 2 important areas.
- A support zone ranging from 9.36 to 9.46. 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 8.48 to 8.58. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 5 important areas.
- Resistance @9.83 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 10.18 to 10.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @11.52 from a trend line in the daily time frame.
- Resistance @14.61 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 | DOWN | NEGATIVE | The long term trend for HOFT is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for HOFT is neutral. |
| ChartMill Relative Strength | 10.07 | NEGATIVE | HOFT has a low relative strength, it was outperformed by 89.93% 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) | 55.03 | NEUTRAL | The RSI value for HOFT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests HOFT has a positive trend. |
| Stochastics (14,3) | 42.72 | NEUTRAL | The Stochastics value for HOFT is a neutral value. |
| Average True Range in percent/ATR (20) | 4.88 | MEDIUM VOLATILITY | The ATR as a percentage value for HOFT suggests some volalility. |
| Average Directional Index/ADX (14) | 13.6 | 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)
9.82
+0.37 (+3.92%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHousehold Durables
Performance
% Chg3.92%
1 Week5.48%
2 Weeks0.51%
1 Month5.93%
3 Month-24.87%
6 Month-47.57%
12 Month-43.5%
2 Year-33.87%
3 Year-43.2%
5 Year-39.75%
10 Year-61.14%
15 Year-36.93%
Volatility
ATR(14)0.49
ATR(20)%4.88%
ATR Inc10.35%
Range Today0.5
ADR(20)0.42
ADR(20)%4.25%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS10.07
Mansfield-3.16
10 Day High9.87
10 Day Low8.94
20 Day High10.55
20 Day Low8.46
52 Week High19.79
52 Week Low7.34
CS1 End9.46
CR1 Start9.83
Volume & EV
DER(3)5.45%
DER(5)3.38%
Volume52.90K
Volume Incr4.42%
Vol(5)53.34K
Vol(50)77.31K