HEALTHEQUITY INC (HQY) Stock Technical Analysis
NASDAQ:HQY - Nasdaq - US42226A1079 - Common Stock - Currency: USD
We assign a technical rating of 7 out of 10 to HQY. In the last year, HQY was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
In the last month HQY has a been trading in the 97.00 - 116.65 range, which is quite wide. It is currently trading near the lows of this range.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
HQY is one of the better performing stocks in the Health Care Providers & Services industry, it outperforms 74% of 103 stocks in the same industry.
HQY has an average volume of 1053480 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that HQY is one of the better performing stocks in the market, outperforming 82% of all stocks. However, this relatively good performance is mostly due to a recent big move.
HQY is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so HQY is lagging the market slightly.
HQY has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 101.20, a Stop Loss order could be placed below this zone.
More info and screens
73.94
115.66
4 important support areas can be observed.
- A support zone ranging from 98.77 to 101.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @81.69 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.
3 important resistance areas can be observed.
- Resistance @101.46 from a trend line in the daily time frame.
- Resistance @112.69 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 114.51 to 114.51. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The short term trend for HQY is neutral. |
| ChartMill Relative Strength | 82.46 | POSITIVE | HQY has a high relative strength, it outperformed 82.46% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of HQY is below 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) | 49.26 | NEUTRAL | The RSI value for HQY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.25 | NEGATIVE | The MACD value suggests HQY has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 18.57 | OVERSOLD | The low Stochastics value suggests HQY may be oversold. |
| Average True Range in percent/ATR (20) | 3.55 | MEDIUM VOLATILITY | The ATR as a percentage value for HQY suggests some volalility. |
| Average Directional Index/ADX (14) | 26.46 | 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 |
|---|---|---|---|
| 101.47 | 98.76 | 2.71 (2.67%) | 25.00% |
| An entry @101.47. This is a Buy Stop order right above the resistance zone. | An exit @98.76. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.71 points, which is 2.67%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.67%. |
- The distance between exit and entry is rather small compared to the average daily movement of HQY. Please evaluate whether better entry and exit points can be found.
- 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.
101.21
-0.09 (-0.09%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg-0.09%
1 Week-3.39%
2 Weeks-9.27%
1 Month1.13%
3 Month16.39%
6 Month5.1%
12 Month17.41%
2 Year60.29%
3 Year64.86%
5 Year72.51%
10 Year215.79%
15 YearN/A
Volatility
ATR(14)4.01
ATR(20)%3.55%
ATR Inc-39.4%
Range Today2.23
ADR(20)3.38
ADR(20)%3.34%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS82.46
Mansfield0.58
10 Day High112.72
10 Day Low98.05
20 Day High116.65
20 Day Low97
52 Week High116.65
52 Week Low65.01
CS1 End101.2
CR1 Start101.46
Volume & EV
DER(3)-0.64%
DER(5)0.51%
Volume691.10K
Volume Incr-0.66%
Vol(5)1.20M
Vol(50)1.05M