HOLOGIC INC (HOLX) Stock Technical Analysis
NASDAQ:HOLX - Nasdaq - US4364401012 - Common Stock - Currency: USD
Taking everything into account, HOLX scores 6 out of 10 in our technical rating. In the last year, HOLX was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
When comparing the yearly performance of all stocks, HOLX is a bad performer in the overall market: 80% of all stocks are doing better.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month HOLX has a been trading in the 62.22 - 67.00 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
HOLX has an average volume of 3467550 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
HOLX is an average performer in the Health Care Equipment & Supplies industry, it outperforms 47% of 187 stocks in the same industry.
HOLX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so HOLX is lagging the market.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is only medium, HOLX does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 64.77, a Stop Loss order could be placed below this zone.
More info and screens
63.33
65.98
We found 1 important support area.
- A support zone ranging from 63.97 to 64.77. 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 64.87 to 65.33. 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 | NEUTRAL | NEUTRAL | The long term trend for HOLX is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for HOLX is up. |
| ChartMill Relative Strength | 20.97 | NEGATIVE | HOLX has a low relative strength, it was outperformed by 79.03% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of HOLX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of HOLX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of HOLX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 58.57 | NEUTRAL | The RSI value for HOLX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.2 | NEGATIVE | The MACD value suggests HOLX has a negative trend. |
| Stochastics (14,3) | 43.88 | NEUTRAL | The Stochastics value for HOLX is a neutral value. |
| Average True Range in percent/ATR (20) | 1.96 | LOW VOLATILITY | The low ATR as a percentage value for HOLX suggests low volalility. |
| Average Directional Index/ADX (14) | 42.35 | POSITIVE | The high ADX value value for HOLX suggests a strong 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 65.34 | 63.96 | 1.38 (2.11%) | 25.00% |
| An entry @65.34. This is a Buy Stop order right above the resistance zone. | An exit @63.96. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.38 points, which is 2.11%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.53%. |
- The distance between exit and entry is rather small compared to the average daily movement of HOLX. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
64.78
-0.52 (-0.8%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg-0.8%
1 Week-0.51%
2 Weeks1.27%
1 Month3.53%
3 Month6.44%
6 Month-11.49%
12 Month-12.58%
2 Year-18.43%
3 Year-9.25%
5 Year-7.17%
10 Year55.5%
15 Year358.13%
Volatility
ATR(14)1.24
ATR(20)%1.96%
ATR Inc-32.75%
Range Today0.81
ADR(20)1.25
ADR(20)%1.94%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS20.97
Mansfield-1.59
10 Day High67
10 Day Low63.68
20 Day High67
20 Day Low62.22
52 Week High84.67
52 Week Low51.9
CS1 End64.77
CR1 Start64.87
Volume & EV
DER(3)0.99%
DER(5)0.95%
Volume1.23M
Volume Incr-25.96%
Vol(5)2.12M
Vol(50)3.47M