HEALTHEQUITY INC (HQY) Technical Analysis
NASDAQ:HQY • US42226A1079
Current stock price
HQY Technical Rating and Analysis
Taking everything into account, HQY scores 1 out of 10 in our technical rating. 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.
- The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- 78% of all other stocks performed better in the past year than HQY.
- 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.
- HQY is part of the Health Care Providers & Services industry. There are 100 other stocks in this industry, HQY did better than 43% of them.
- In the last month HQY has a been trading in the 76.03 - 87.97 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
HQY Weekly and Daily overview Charts
HQY Setup Rating and Analysis
Although the technical rating is bad, HQY does present a nice setup opportunity. 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 78.13, a Stop Loss order could be placed below this zone.
More info and screens
HQY Support and Resistance Analysis
72.48
When analyzing the support we can see 3 important areas.
- A support zone ranging from 77.96 to 78.13. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @75.56 from a horizontal line in the daily time frame.
- A support zone ranging from 73.21 to 73.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 82.58 to 83.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 84.97 to 87.07. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @99.57 from a trend line in the weekly time frame.
HQY 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 HQY is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for HQY is neutral. |
| ChartMill Relative Strength | 22.79 | NEGATIVE | HQY has a low relative strength, it was outperformed by 77.21% 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) | UP | POSITIVE | The current price of HQY is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of HQY is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.67 | NEUTRAL | The RSI value for HQY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.29 | NEGATIVE | The MACD value suggests HQY has a negative trend. |
| Stochastics (14,3) | 50.49 | NEUTRAL | The Stochastics value for HQY is a neutral value. |
| Average True Range in percent/ATR (20) | 4.06 | MEDIUM VOLATILITY | The ATR as a percentage value for HQY suggests some volalility. |
| Average Directional Index/ADX (14) | 15.22 | NEGATIVE | The low ADX value for HQY suggests a weak or negative trend. |
HQY Chart- and CandleStick Pattern Analysis
HQY Technicals: Chart, Performance Metrics, Trend & Indicators
81.48
+0.3 (+0.37%)
HEALTHEQUITY INC / HQY TA FAQ
What is the ChartMill technical rating of HEALTHEQUITY INC (HQY) stock?
ChartMill assigns a technical rating of 1 / 10 to HQY.
What is the trend direction for HQY stock?
The current trend direction for HEALTHEQUITY INC (HQY) is Bearish.
Can you provide the RSI signal for HEALTHEQUITY INC?
HEALTHEQUITY INC (HQY) has an RSI value of 48.6731. This indicates that the stock is currently neutral.
Can you provide the MACD signal for HEALTHEQUITY INC?
The MACD indicator for HEALTHEQUITY INC (HQY) has a value of -0.289401, indicating a bearish trend.