HALL OF FAME RESORT & ENTERT (HOFV) Stock Technical Analysis
NASDAQ:HOFV - Nasdaq - US40619L2016 - Common Stock - Currency: USD
Taking everything into account, HOFV scores 2 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. HOFV was also a bad performer in the overall market in the last year.
93% of all other stocks performed better in the past year than HOFV.
HOFV is part of the Hotels, Restaurants & Leisure industry. There are 135 other stocks in this industry, of which 87% are performing better than HOFV.
HOFV is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so HOFV is lagging the market.
HOFV is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
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.
HOFV 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
0.83
0.90
We found 1 important support area.
- A support zone ranging from 0.84 to 0.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 0.88 to 0.89. This zone is formed by a combination of multiple trend lines and important moving averages 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 | DOWN | NEGATIVE | The long term trend for HOFV is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for HOFV is up. |
| ChartMill Relative Strength | 7.45 | NEGATIVE | HOFV has a low relative strength, it was outperformed by 92.55% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of HOFV is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of HOFV is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of HOFV is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57.52 | NEUTRAL | The RSI value for HOFV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests HOFV has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 79.76 | NEUTRAL | The Stochastics value for HOFV is a neutral value. |
| Average True Range in percent/ATR (20) | 6.49 | HIGH VOLATILITY | The high ATR as a percentage value for HOFV suggests high volalility. |
| Average Directional Index/ADX (14) | 21.92 | NEUTRAL | The ADX value for HOFV 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)
0.864
+0.01 (+1.36%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHotels, Restaurants & Leisure
Performance
% Chg1.36%
1 Week1.65%
2 Weeks2.73%
1 Month19.27%
3 Month-20.73%
6 Month-6.59%
12 Month-68.12%
2 Year-86.94%
3 Year-94.13%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.05
ATR(20)%6.49%
ATR Inc-62.76%
Range Today0.01
ADR(20)0.05
ADR(20)%6.35%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS7.45
Mansfield-4.76
10 Day High0.9
10 Day Low0.83
20 Day High0.9
20 Day Low0.62
52 Week High3.54
52 Week Low0.62
CS1 End0.86
CR1 Start0.88
Volume & EV
DER(3)16.11%
DER(5)4.55%
Volume38.00K
Volume Incr-96.55%
Vol(5)18.60K
Vol(50)223.67K