Taking everything into account, HRMY scores 5 out of 10 in our technical rating. In the last year, HRMY was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.
- HRMY is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- HRMY is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so HRMY is lagging the market slightly.
- When compared to the yearly performance of all other stocks, HRMY outperforms 69% of them, which is more or less in line with the market.
- HRMY is an average performer in the Pharmaceuticals industry, it outperforms 58% of 190 stocks in the same industry.
Although the technical rating is only medium, HRMY does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 36.74, a Stop Loss order could be placed below this zone.
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35.39
When analyzing the support we notice one important area.
- A support zone ranging from 35.75 to 36.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 36.83 to 37.57. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 40.52 to 40.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 HRMY is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for HRMY is neutral. |
| ChartMill Relative Strength | 69.35 | NEUTRAL | HRMY is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of HRMY is below a declining 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) | UP | POSITIVE | The current price of HRMY is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.17 | NEUTRAL | The RSI value for HRMY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.16 | NEGATIVE | The MACD value suggests HRMY has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 44 | NEUTRAL | The Stochastics value for HRMY is a neutral value. |
| Average True Range in percent/ATR (20) | 3.34 | MEDIUM VOLATILITY | The ATR as a percentage value for HRMY suggests some volalility. |
| Average Directional Index/ADX (14) | 21.59 | NEUTRAL | The ADX value for HRMY suggests a possible start of a new trend. |
36.82
+0.06 (+0.16%)
HARMONY BIOSCIENCES HOLDINGS / HRMY FAQ
Can you provide the ChartMill technical rating for HARMONY BIOSCIENCES HOLDINGS?
ChartMill assigns a technical rating of 5 / 10 to HRMY.
What is the current trend direction of HARMONY BIOSCIENCES HOLDINGS (HRMY) stock?
The current trend direction for HARMONY BIOSCIENCES HOLDINGS (HRMY) is Bullish.
Can you provide the RSI signal for HARMONY BIOSCIENCES HOLDINGS?
HARMONY BIOSCIENCES HOLDINGS (HRMY) has an RSI value of 49.1668. This indicates that the stock is currently neutral.
What is the MACD signal for HARMONY BIOSCIENCES HOLDINGS (HRMY) stock?
The MACD indicator for HARMONY BIOSCIENCES HOLDINGS (HRMY) has a value of -0.159814, indicating a bearish trend.
Can you provide the support and resistance levels for HARMONY BIOSCIENCES HOLDINGS?
HARMONY BIOSCIENCES HOLDINGS (HRMY) has a support level at 36.74 and a resistance level at 36.83. Check the full technical report for our detailed analysis of HRMY support and resistance levels.