HP3A Technical Analysis - RINGMETALL AG

Technical Rating and Analysis

Overall HP3A gets a technical rating of 0 out of 10. HP3A scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.

When comparing the yearly performance of all stocks, HP3A is a bad performer in the overall market: 88% of all stocks are doing better.

HP3A is one of the lesser performing stocks in the Machinery industry. 62% of 103 stocks in the same industry do better.

HP3A is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

Warning: HP3A has an average volume of 8240 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

In the last month HP3A has a been trading in the 2.60 - 3.04 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Volume is considerably higher in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

HP3A has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

2.79

3.80

5 important resistance areas can be observed.

Resistance @2.93 from a trend line in the daily time frame.
A resistance zone ranging from 2.98 to 3.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 3.25 to 3.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @3.56 from a trend line in the weekly time frame.
Resistance @3.76 from a horizontal line in the weekly time frame.

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What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

Technical Indicator Signal Analysis

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 HP3A.DE is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for HP3A.DE is down.
ChartMill Relative Strength	12.68	NEGATIVE	HP3A.DE has a low relative strength, it was outperformed by 87.32% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of HP3A.DE is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of HP3A.DE is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of HP3A.DE is below a declining SMA(200).
Relative Strength Index/RSI (14)	48.37	NEUTRAL	The RSI value for HP3A.DE is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.01	POSITIVE	The MACD value suggests HP3A.DE has a positive trend.
Stochastics (14,3)	63.02	NEUTRAL	The Stochastics value for HP3A.DE is a neutral value.
Average True Range in percent/ATR (20)	3.26	MEDIUM VOLATILITY	The ATR as a percentage value for HP3A.DE suggests some volalility.
Average Directional Index/ADX (14)	38.6	POSITIVE	The high ADX value value for HP3A.DE suggests a strong trend.