HARROW INC (HROW) Stock Technical Analysis
NASDAQ:HROW - Nasdaq - US4158581094 - Common Stock - Currency: USD
Taking everything into account, HROW scores 6 out of 10 in our technical rating. Although HROW has been one of the better performers in the overall market, we have a mixed picture in the medium term time frame. But recently some decent action can be observed again.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
HROW is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so HROW is lagging the market.
HROW is one of the better performing stocks in the Pharmaceuticals industry, it outperforms 88% of 198 stocks in the same industry.
When comparing the yearly performance of all stocks, we notice that HROW is one of the better performing stocks in the market, outperforming 87% of all stocks. We also observe that the gains produced by HROW over the past year are nicely spread over this period. However, this overall performance is mostly based on the strong move around 10 months ago.
In the last month HROW has a been trading in the 21.12 - 28.48 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
HROW has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. We notice that large players showed an interest for HROW 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
21.98
28.69
We found 3 important support areas.
- Support @24.32 from a trend line in the daily time frame.
- Support @23.01 from a horizontal line in the weekly time frame.
- A support zone ranging from 22.20 to 22.22. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @27.39 from a trend line in the daily time frame.
- A resistance zone ranging from 28.41 to 28.41. 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 | DOWN | NEGATIVE | The long term trend for HROW is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for HROW is neutral. |
| ChartMill Relative Strength | 87.7 | POSITIVE | HROW has a high relative strength, it outperformed 87.7% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of HROW is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of HROW is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of HROW is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.66 | NEUTRAL | The RSI value for HROW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests HROW has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 67.98 | NEUTRAL | The Stochastics value for HROW is a neutral value. |
| Average True Range in percent/ATR (20) | 6.3 | HIGH VOLATILITY | The high ATR as a percentage value for HROW suggests high volalility. |
| Average Directional Index/ADX (14) | 13.52 | NEGATIVE | The low ADX value for HROW 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 |
|---|---|---|---|
| 27.40 | 24.49 | 2.91 (10.62%) | 9.42% |
| An entry @27.40. This is a Buy Stop order right above the resistance zone. | An exit @24.49. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 2.91 points, which is 10.62%. | When investing 9.42% 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.
25.9
+0.16 (+0.62%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg0.62%
1 Week-8.83%
2 Weeks6.15%
1 Month1.37%
3 Month-10.54%
6 Month-39.63%
12 Month44.77%
2 Year37.33%
3 Year258.23%
5 Year378.74%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.73
ATR(20)%6.3%
ATR Inc-39.88%
Range Today0.85
ADR(20)1.62
ADR(20)%6.25%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.7
Mansfield-2.23
10 Day High28.48
10 Day Low24.5
20 Day High28.48
20 Day Low21.12
52 Week High59.23
52 Week Low16.71
CS1 End24.32
CR1 Start27.39
Volume & EV
DER(3)3.43%
DER(5)2.79%
Volume417.48K
Volume Incr-26.94%
Vol(5)357.44K
Vol(50)576.18K