HQI Technical Analysis - HIREQUEST INC

Technical Rating and Analysis

Taking everything into account, HQI scores 0 out of 10 in our technical rating. HQI's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.

When comparing the yearly performance of all stocks, HQI is a bad performer in the overall market: 83% of all stocks are doing better.

HQI 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: HQI has an average volume of 13044 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

In the last month HQI has a been trading in the 9.22 - 10.66 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.

HQI is part of the Professional Services industry. There are 80 other stocks in this industry, HQI did better than 50% of them.

Considerably lower volume is observed in the last couple of days.

More info and screens

Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

Show peers with best TA rating

Weekly and Daily overview Charts

Setup Rating and Analysis

HQI has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 9.24, a Stop Loss order could be placed below this zone.

More info and screens

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

9.10

15.42

When analyzing the support we can see 2 important areas.

A support zone ranging from 9.91 to 9.98. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
A support zone ranging from 9.19 to 9.24. This zone is formed by a combination of multiple trend lines in multiple time frames.

3 important resistance areas can be observed.

A resistance zone ranging from 10.36 to 10.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @14.65 from a trend line in the weekly time frame.
Resistance @15.27 from a horizontal line in the weekly time frame.

More info

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 HQI is down.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for HQI is neutral.
ChartMill Relative Strength	17.94	NEGATIVE	HQI has a low relative strength, it was outperformed by 82.06% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	MIXED	The current price of HQI is above a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of HQI is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of HQI is below a declining SMA(200).
Relative Strength Index/RSI (14)	47.5	NEUTRAL	The RSI value for HQI is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.04	NEGATIVE	The MACD value suggests HQI has a negative trend, although the MACD value is rising.
Stochastics (14,3)	12.66	OVERSOLD	The low Stochastics value suggests HQI may be oversold.
Average True Range in percent/ATR (20)	4.66	MEDIUM VOLATILITY	The ATR as a percentage value for HQI suggests some volalility.
Average Directional Index/ADX (14)	16.86	NEGATIVE	The low ADX value for HQI suggests a weak or negative trend.