HQI Technical Analysis - HIREQUEST INC

Technical Rating and Analysis

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

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

When comparing the yearly performance of all stocks, HQI is a bad performer in the overall market: 90% of all stocks are doing better.

HQI is one of the lesser performing stocks in the Professional Services industry. 64% of 82 stocks in the same industry do better.

HQI is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.

In the last month HQI has a been trading in the 9.10 - 10.30 range, which is quite wide. It is currently trading near the lows of this range.

Warning: HQI has an average volume of 8776 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

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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

Although the technical rating is bad, HQI does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 9.15, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

9.02

14.62

When analyzing the support we notice one important area.

A support zone ranging from 9.11 to 9.15. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice 4 important areas.

Resistance @9.20 from a horizontal line in the daily time frame.
A resistance zone ranging from 9.54 to 9.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 10.31 to 10.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @14.48 from a trend line in the weekly time frame.

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What is Support and Resistance

Support and Resistance indicators

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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	DOWN	NEGATIVE	The short term trend for HQI is down.
ChartMill Relative Strength	10.75	NEGATIVE	HQI has a low relative strength, it was outperformed by 89.25% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of HQI is below 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)	38.27	NEUTRAL	The RSI value for HQI is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.07	NEGATIVE	The MACD value suggests HQI has a negative trend.
Stochastics (14,3)	15.25	OVERSOLD	The low Stochastics value suggests HQI may be oversold.
Average True Range in percent/ATR (20)	4.36	MEDIUM VOLATILITY	The ATR as a percentage value for HQI suggests some volalility.
Average Directional Index/ADX (14)	20.51	NEUTRAL	The ADX value for HQI suggests a possible start of a new trend.