HESAI GROUP (HSAI) Stock Technical Analysis
NASDAQ:HSAI • US4280501085
Overall HSAI gets a technical rating of 10 out of 10. HSAI has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
- 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 90% 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 41 other stocks in this industry. HSAI outperforms 80% of them.
- HSAI 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 HSAI is lagging the market slightly.
- In the last month HSAI has a been trading in the 22.57 - 28.90 range, which is quite wide. It is currently trading near the high of this range.
- HSAI has an average volume of 2083090 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Besides having an excellent technical rating, HSAI 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 29.05. Right above this resistance zone may be a good entry point.
More info and screens
17.28
5 important support areas can be observed.
- A support zone ranging from 26.04 to 26.04. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @23.87 from a horizontal line in the weekly time frame.
- Support @23.04 from a horizontal line in the daily time frame.
- Support @18.43 from a trend line in the weekly time frame.
- Support @17.45 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 29.05 to 29.05. 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 | 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 | 90.67 | POSITIVE | HSAI has a high relative strength, it outperformed 90.67% 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) | 54 | NEUTRAL | The RSI value for HSAI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests HSAI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 62.03 | NEUTRAL | The Stochastics value for HSAI is a neutral value. |
| Average True Range in percent/ATR (20) | 5.7 | HIGH VOLATILITY | The high ATR as a percentage value for HSAI suggests high volalility. |
| Average Directional Index/ADX (14) | 22.91 | NEUTRAL | The ADX value for HSAI suggests a possible start of a new trend. |
26.95
-0.3 (-1.1%)
HESAI GROUP / HSAI FAQ
What is the technical rating for HSAI stock?
ChartMill assigns a technical rating of 10 / 10 to HSAI.
What is the trend direction for HSAI stock?
The current trend direction for HESAI GROUP (HSAI) is Bullish.
Can you provide the RSI signal for HESAI GROUP?
HESAI GROUP (HSAI) has an RSI value of 54.0025. This indicates that the stock is currently neutral.
What is the short term momentum for HESAI GROUP (HSAI) stock?
The short term momentum for HESAI GROUP (HSAI) is positive.
What are the support and resistance levels for HESAI GROUP (HSAI) stock?
HESAI GROUP (HSAI) has a support level at 26.04 and a resistance level at 29.05. Check the full technical report for our detailed analysis of HSAI support and resistance levels.