HARMONY BIOSCIENCES HOLDINGS (HRMY) Stock Technical Analysis
NASDAQ:HRMY - Nasdaq - US4131971040 - Common Stock - Currency: USD
We assign a technical rating of 2 out of 10 to HRMY. HRMY's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
When comparing the yearly performance of all stocks, HRMY is a bad performer in the overall market: 62% of all stocks are doing better.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
HRMY is an average performer in the Pharmaceuticals industry, it outperforms 55% of 194 stocks in the same industry.
HRMY is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so HRMY is lagging the market.
In the last month HRMY has a been trading in the 32.64 - 37.59 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, HRMY does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. We notice that large players showed an interest for HRMY in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
28.74
39.69
When analyzing the support we can see 4 important areas.
- A support zone ranging from 33.96 to 34.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 31.56 to 31.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @30.38 from a trend line in the weekly time frame.
- Support @29.03 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 37.30 to 37.53. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 39.29 to 39.30. This zone is formed by a combination of multiple trend lines in the weekly 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 HRMY is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for HRMY is down. |
| ChartMill Relative Strength | 38.6 | NEUTRAL | HRMY is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of HRMY is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of HRMY is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of HRMY is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 45.79 | NEUTRAL | The RSI value for HRMY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.28 | NEGATIVE | The MACD value suggests HRMY has a negative trend. |
| Stochastics (14,3) | 34.51 | NEUTRAL | The Stochastics value for HRMY is a neutral value. |
| Average True Range in percent/ATR (20) | 3.91 | MEDIUM VOLATILITY | The ATR as a percentage value for HRMY suggests some volalility. |
| Average Directional Index/ADX (14) | 31.36 | POSITIVE | The high ADX value value for HRMY 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)
34.19
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg0%
1 Week-0.61%
2 Weeks-8.88%
1 Month0.56%
3 Month0.41%
6 Month-8.7%
12 Month1.03%
2 Year-5.68%
3 Year-22.14%
5 Year-3.47%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.37
ATR(20)%3.91%
ATR Inc-25.77%
Range Today0.84
ADR(20)1.31
ADR(20)%3.83%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS38.6
Mansfield-0.91
10 Day High37.44
10 Day Low32.64
20 Day High37.6
20 Day Low32.64
52 Week High41.61
52 Week Low26.47
CS1 End34.04
CR1 Start37.3
Volume & EV
DER(3)3.68%
DER(5)3.06%
Volume413.40K
Volume Incr14%
Vol(5)690.82K
Vol(50)632.37K