HALL OF FAME RESORT & ENTERT (HOFV) Stock Technical Analysis
NASDAQ:HOFV - Nasdaq - US40619L2016 - Common Stock - Currency: USD
We assign a technical rating of 3 out of 10 to HOFV. In the past year, HOFV 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.
HOFV has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 0.89. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 0.88, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for HOFV 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
0.84
We found 1 important support area.
- A support zone ranging from 0.85 to 0.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 0.89 to 0.90. This zone is formed by a combination of multiple trend lines 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 | 7.21 | NEGATIVE | HOFV has a low relative strength, it was outperformed by 92.79% 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) | 57.18 | NEUTRAL | The RSI value for HOFV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests HOFV has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 78.58 | NEUTRAL | The Stochastics value for HOFV is a neutral value. |
| Average True Range in percent/ATR (20) | 2.54 | MEDIUM VOLATILITY | The ATR as a percentage value for HOFV suggests some volalility. |
| Average Directional Index/ADX (14) | 24.9 | NEUTRAL | The ADX value for HOFV suggests a possible start of a new trend. |
0.8793
-0.01 (-1.2%)