Hong Kong Highpower Technology (HPJ) Technical Analysis
NASDAQ:HPJ
Current stock price
HPJ Technical Rating and Analysis
Overall HPJ gets a technical rating of 10 out of 10. Both in the recent history as in the last year, HPJ has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that HPJ is one of the better performing stocks in the market, outperforming 98% of all stocks. On top of that, HPJ also shows a nice and consistent pattern of rising prices.
- HPJ is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so HPJ is leading the market.
- In the last month HPJ has a been trading in a tight range between 4.68 and 4.81.
- Volume is considerably higher in the last couple of days.
HPJ Weekly and Daily overview Charts
HPJ Setup Rating and Analysis
HPJ has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 4.80. Right above this resistance zone may be a good entry point. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
HPJ Support and Resistance Analysis
3.29
We found 4 important support areas.
- A support zone ranging from 4.60 to 4.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Strong support @4.39 from a horizontal line in the daily time frame.
- Support @3.75 from a trend line in the weekly time frame.
- Support @3.32 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 4.80 to 4.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
HPJ 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 | UP | POSITIVE | The long term trend for HPJ is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for HPJ is up. |
| ChartMill Relative Strength | 98.11 | POSITIVE | HPJ has a high relative strength, it outperformed 98.11% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of HPJ is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of HPJ is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of HPJ is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 72.22 | OVERBOUGHT | The high RSI value suggests HPJ may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests HPJ has a negative trend. |
| Stochastics (14,3) | 90.91 | OVERBOUGHT | The high Stochastics value suggests HPJ may be overbought. |
| Average True Range in percent/ATR (20) | 0.57 | LOW VOLATILITY | The low ATR as a percentage value for HPJ suggests low volalility. |
HPJ Chart- and CandleStick Pattern Analysis
HPJ Example Setup
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 |
|---|---|---|---|
| 4.82 | 4.72 | 0.10 (2.07%) | 25.00% |
| An entry @4.82. This is a Buy Stop order right above the resistance zone. | An exit @4.72. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.10 points, which is 2.07%. | For a 0.52% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
HPJ Technicals: Chart, Performance Metrics, Trend & Indicators
Hong Kong Highpower Technology
NASDAQ:HPJ (10/31/2019, 8:09:13 PM)
4.79
-0.01 (-0.21%)
Hong Kong Highpower Technology / HPJ TA FAQ
What is the technical rating for HPJ stock?
ChartMill assigns a technical rating of 10 / 10 to HPJ.
What is the trend direction for HPJ stock?
The current trend direction for Hong Kong Highpower Technology (HPJ) is Bullish.
Can you provide the RSI signal for Hong Kong Highpower Technology?
Hong Kong Highpower Technology (HPJ) has an RSI value of 72.2226. This indicates that the stock is currently overbought.
What is the buy/sell signal for Hong Kong Highpower Technology (HPJ) stock?
The buy/sell signal for Hong Kong Highpower Technology (HPJ) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for Hong Kong Highpower Technology (HPJ) stock?
Hong Kong Highpower Technology (HPJ) has a support level at 4.66 and a resistance level at 4.8. Check the full technical report for our detailed analysis of HPJ support and resistance levels.