HEALTHEQUITY INC (HQY) Stock Technical Analysis
NASDAQ:HQY - Nasdaq - US42226A1079 - Common Stock - Currency: USD
We assign a technical rating of 6 out of 10 to HQY. In the past year, HQY was one of the better performing stocks in the market. The medium term picture became unclear, although we see some improvement happening in recent action.
Looking at the yearly performance, HQY did better than 83% of all other stocks.
HQY is part of the Health Care Providers & Services industry. There are 103 other stocks in this industry. HQY outperforms 81% of them.
HQY has an average volume of 1092770 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
HQY is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so HQY is lagging the market.
In the last month HQY has a been trading in the 93.65 - 106.60 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
HQY has an average technical rating and the quality of the presented setup is also not ideal 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
77.40
115.66
When analyzing the support we can see 3 important areas.
- A support zone ranging from 94.52 to 95.63. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @82.41 from a trend line in the weekly time frame.
- Support @78.18 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 112.69 to 112.69. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The long term trend for HQY is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for HQY is neutral. |
| ChartMill Relative Strength | 83.23 | POSITIVE | HQY has a high relative strength, it outperformed 83.23% 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 | MIXED | The current price of HQY is below 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) | 49.22 | NEUTRAL | The RSI value for HQY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.58 | NEGATIVE | The MACD value suggests HQY has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 33.51 | NEUTRAL | The Stochastics value for HQY is a neutral value. |
| Average True Range in percent/ATR (20) | 2.82 | MEDIUM VOLATILITY | The ATR as a percentage value for HQY suggests some volalility. |
| Average Directional Index/ADX (14) | 14.4 | NEGATIVE | The low ADX value for HQY suggests a weak or negative 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 |
|---|---|---|---|
| 104.94 | 94.51 | 10.43 (9.94%) | 10.06% |
| An entry @104.94. This is a Buy Stop order right above the 10 day high. | An exit @94.51. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 10.43 points, which is 9.94%. | When investing 10.06% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
100.12
+2.45 (+2.51%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg2.51%
1 Week3.01%
2 Weeks-1.15%
1 Month0.11%
3 Month18.46%
6 Month-2.25%
12 Month36.44%
2 Year47.37%
3 Year72.12%
5 Year94.18%
10 Year197.45%
15 YearN/A
Volatility
ATR(14)2.96
ATR(20)%2.82%
ATR Inc4.33%
Range Today3.31
ADR(20)2.79
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
CRS83.23
Mansfield-0.07
10 Day High104.93
10 Day Low93.65
20 Day High106.6
20 Day Low93.65
52 Week High116.65
52 Week Low65.01
CS1 End95.63
CR1 Start112.69
Volume & EV
DER(3)-4.7%
DER(5)-2.46%
Volume1.06M
Volume Incr8.23%
Vol(5)1.11M
Vol(50)1.09M