HEALTHEQUITY INC (HQY) Stock Technical Analysis
NASDAQ:HQY - Nasdaq - US42226A1079 - Common Stock - Currency: USD
We assign a technical rating of 8 out of 10 to HQY. Although HQY is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
The long and short term trends are both positive. This is looking good!
HQY is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so HQY is performing more or less in line with the market.
In the last month HQY has a been trading in the 88.81 - 103.32 range, which is quite wide. It is currently trading near the high of this range.
HQY has an average volume of 1103750 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, HQY did better than 74% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
HQY is part of the Health Care Providers & Services industry. There are 102 other stocks in this industry, HQY did better than 63% of them.
Besides having an excellent technical rating, HQY also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
73.94
115.66
We found 3 important support areas.
- Support @80.72 from a trend line in the weekly time frame.
- Support @78.18 from a horizontal line in the daily time frame.
- Support @74.69 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @114.51 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 | UP | POSITIVE | The long term trend for HQY is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for HQY is up. |
| ChartMill Relative Strength | 74.61 | POSITIVE | HQY has a high relative strength, it outperformed 74.61% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of HQY is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of HQY is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of HQY is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.25 | NEUTRAL | The RSI value for HQY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.23 | POSITIVE | The MACD value suggests HQY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 80.83 | OVERBOUGHT | The high Stochastics value suggests HQY may be overbought. |
| Average True Range in percent/ATR (20) | 3.05 | MEDIUM VOLATILITY | The ATR as a percentage value for HQY suggests some volalility. |
| Average Directional Index/ADX (14) | 31.79 | POSITIVE | The high ADX value value for HQY suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 103.33 | 96.68 | 6.65 (6.43%) | 15.55% |
| An entry @103.33. This is a Buy Stop order right above the 10 day high. | An exit @96.68. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 6.65 points, which is 6.43%. | For a 1.00% total portfolio risk, you can invest 15.55% 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.
100.61
-0.37 (-0.37%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg-0.37%
1 Week0.53%
2 Weeks3.03%
1 Month14.39%
3 Month-8.34%
6 Month-0.92%
12 Month23.18%
2 Year83.59%
3 Year60.77%
5 Year62.35%
10 Year279.52%
15 YearN/A
Volatility
ATR(14)3.08
ATR(20)%3.05%
ATR Inc-48.25%
Range Today1.69
ADR(20)2.8
ADR(20)%2.78%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS74.61
Mansfield0.81
10 Day High103.32
10 Day Low96.7
20 Day High103.32
20 Day Low88.81
52 Week High115.59
52 Week Low65.01
CS1 End80.72
CR1 Start114.51
Volume & EV
DER(3)0.07%
DER(5)-0.18%
Volume961.00K
Volume Incr-4.19%
Vol(5)897.98K
Vol(50)1.10M