HESAI GROUP (HSAI) Stock Technical Analysis
NASDAQ:HSAI - US4280501085 - ADR
26.49 USD
+0.08 (+0.3%)
26.24 USD
-0.25 (-0.94%)
Overall HSAI gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, HSAI is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that HSAI is one of the better performing stocks in the market, outperforming 99% of all stocks. On top of that, HSAI also shows a nice and consistent pattern of rising prices.
HSAI is part of the Automobile Components industry. There are 80 other stocks in this industry. HSAI outperforms 98% of them.
HSAI is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
HSAI is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
HSAI has an average volume of 3241640 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
HSAI has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 26.50. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 23.26, a Stop Loss order could be placed below this zone.
More info and screens
17.03
27.10
When analyzing the support we can see 4 important areas.
- A support zone ranging from 22.65 to 23.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 21.32 to 21.32. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @19.88 from a trend line in the daily time frame.
- Support @17.20 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 26.50 to 26.83. 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 HSAI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for HSAI is up. |
| ChartMill Relative Strength | 99.37 | POSITIVE | HSAI has a high relative strength, it outperformed 99.37% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of HSAI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of HSAI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of HSAI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.89 | NEUTRAL | The RSI value for HSAI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests HSAI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 67.92 | NEUTRAL | The Stochastics value for HSAI is a neutral value. |
| Average True Range in percent/ATR (20) | 7.07 | HIGH VOLATILITY | The high ATR as a percentage value for HSAI suggests high volalility. |
| Average Directional Index/ADX (14) | 30.12 | POSITIVE | The high ADX value value for HSAI 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)
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 |
|---|---|---|---|
| 26.84 | 22.92 | 3.92 (14.59%) | 6.86% |
| An entry @26.84. This is a Buy Stop order right above the resistance zone. | An exit @22.92. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 3.92 points, which is 14.59%. | When investing 6.86% 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.
26.49
+0.08 (+0.3%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryAutomobile Components
Performance
% Chg0.3%
1 Week-1.27%
2 Weeks14.87%
1 Month18.84%
3 Month32.45%
6 Month51.98%
12 Month617.89%
2 Year164.9%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.96
ATR(20)%7.07%
ATR Inc-19.02%
Range Today2.11
ADR(20)1.76
ADR(20)%6.63%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.37
Mansfield6.21
10 Day High27.65
10 Day Low22.94
20 Day High27.94
20 Day Low21.68
52 Week High27.94
52 Week Low3.56
CS1 End23.26
CR1 Start26.5
Volume & EV
DER(3)2.17%
DER(5)2.57%
Volume2.38M
Volume Incr-41.23%
Vol(5)1.95M
Vol(50)3.24M