We assign a technical rating of 0 out of 10 to HQY. HQY 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, HQY is a bad performer in the overall market: 83% of all stocks are doing better.
- HQY is one of the lesser performing stocks in the Health Care Providers & Services industry. 62% of 102 stocks in the same industry do better.
- HQY 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.
- In the last month HQY has a been trading in the 82.74 - 99.50 range, which is quite wide. It is currently trading near the lows of this range.
HQY has a poor technical rating and the quality of the setup is also not perfect at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
83.16
When analyzing the support we can see 2 important areas.
- Support @85.37 from a horizontal line in the weekly time frame.
- Support @84.00 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 92.74 to 98.51. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 103.05 to 103.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @104.88 from a horizontal line in the daily time frame.
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 HQY is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for HQY is down. |
| ChartMill Relative Strength | 17.96 | NEGATIVE | HQY has a low relative strength, it was outperformed by 82.04% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of HQY is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of HQY is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of HQY is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 40.08 | NEUTRAL | The RSI value for HQY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.55 | NEGATIVE | The MACD value suggests HQY has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 13.5 | OVERSOLD | The low Stochastics value suggests HQY may be oversold. |
| Average True Range in percent/ATR (20) | 3.62 | MEDIUM VOLATILITY | The ATR as a percentage value for HQY suggests some volalility. |
| Average Directional Index/ADX (14) | 18.77 | NEGATIVE | The low ADX value for HQY suggests a weak or negative trend. |
86.42
+1.83 (+2.16%)
HEALTHEQUITY INC / HQY FAQ
What is the ChartMill technical rating of HEALTHEQUITY INC (HQY) stock?
ChartMill assigns a technical rating of 0 / 10 to HQY.
What is the current trend direction of HEALTHEQUITY INC (HQY) stock?
The current trend direction for HEALTHEQUITY INC (HQY) is Bearish.
What is the RSI signal for HEALTHEQUITY INC (HQY) stock?
HEALTHEQUITY INC (HQY) has an RSI value of 40.082. This indicates that the stock is currently neutral.
What is the short term momentum for HEALTHEQUITY INC (HQY) stock?
The short term momentum for HEALTHEQUITY INC (HQY) is negative.
Can you provide the support and resistance levels for HEALTHEQUITY INC?
HEALTHEQUITY INC (HQY) has a support level at 85.37 and a resistance level at 92.74. Check the full technical report for our detailed analysis of HQY support and resistance levels.