HOOKER FURNISHINGS CORP (HOFT) Stock Technical Analysis
USA - NASDAQ:HOFT - US4390381006 - Common Stock
Taking everything into account, HOFT scores 1 out of 10 in our technical rating. HOFT scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, HOFT does present a nice setup opportunity. Prices have been consolidating lately.
More info and screens
8.40
When analyzing the support we can see 2 important areas.
- Support @8.78 from a trend line in the daily time frame.
- A support zone ranging from 8.48 to 8.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 9.47 to 9.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @10.23 from a trend line in the weekly time frame.
- A resistance zone ranging from 10.89 to 10.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @11.47 from a horizontal line in the daily 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 | 12.54 | NEGATIVE | HOFT has a low relative strength, it was outperformed by 87.46% 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 | NEGATIVE | The current price of HOFT is below 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) | 53.87 | NEUTRAL | The RSI value for HOFT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests HOFT has a positive trend. |
| Stochastics (14,3) | 82.24 | OVERBOUGHT | The high Stochastics value suggests HOFT may be overbought. |
| Average True Range in percent/ATR (20) | 4.21 | MEDIUM VOLATILITY | The ATR as a percentage value for HOFT suggests some volalility. |
| Average Directional Index/ADX (14) | 13.32 | NEGATIVE | The low ADX value for HOFT suggests a weak or negative trend. |
9.46
+0.17 (+1.83%)
HOOKER FURNISHINGS CORP / HOFT FAQ
What is the technical rating for HOFT stock?
ChartMill assigns a technical rating of 1 / 10 to HOFT.
What is the current trend direction of HOOKER FURNISHINGS CORP (HOFT) stock?
The current trend direction for HOOKER FURNISHINGS CORP (HOFT) is Bearish.
What is the RSI signal for HOOKER FURNISHINGS CORP (HOFT) stock?
HOOKER FURNISHINGS CORP (HOFT) has an RSI value of 53.8723. This indicates that the stock is currently neutral.
Can you provide the MACD signal for HOOKER FURNISHINGS CORP?
The MACD indicator for HOOKER FURNISHINGS CORP (HOFT) has a value of 0.110736, indicating a bearish trend.
What are the support and resistance levels for HOOKER FURNISHINGS CORP (HOFT) stock?
HOOKER FURNISHINGS CORP (HOFT) has a support level at 8.78 and a resistance level at 9.47. Check the full technical report for our detailed analysis of HOFT support and resistance levels.