Overall HSIC gets a technical rating of 8 out of 10. Although HSIC is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- The long and short term trends are both positive. This is looking good!
- HSIC 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 HSIC is lagging the market slightly.
- In the last month HSIC has a been trading in the 74.07 - 80.10 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- HSIC has an average volume of 1232940 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Looking at the yearly performance, HSIC did better than 73% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
- HSIC is part of the Health Care Providers & Services industry. There are 102 other stocks in this industry, HSIC did better than 66% of them.
Besides having an excellent technical rating, HSIC also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 75.58, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
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We found 3 important support areas.
- A support zone ranging from 74.97 to 75.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Strong support @69.56 from a horizontal line in the daily time frame.
- Support @63.08 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 77.40 to 77.67. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @80.00 from a horizontal line 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 HSIC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for HSIC is up. |
| ChartMill Relative Strength | 73.8 | POSITIVE | HSIC has a high relative strength, it outperformed 73.8% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of HSIC is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of HSIC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of HSIC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.2 | NEUTRAL | The RSI value for HSIC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.13 | NEGATIVE | The MACD value suggests HSIC has a negative trend. |
| Stochastics (14,3) | 68.6 | NEUTRAL | The Stochastics value for HSIC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.33 | MEDIUM VOLATILITY | The ATR as a percentage value for HSIC suggests some volalility. |
| Average Directional Index/ADX (14) | 21.58 | NEUTRAL | The ADX value for HSIC suggests a possible start of a new trend. |
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 |
|---|---|---|---|
| 77.68 | 74.96 | 2.72 (3.50%) | 25.00% |
| An entry @77.68. This is a Buy Stop order right above the resistance zone. | An exit @74.96. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.72 points, which is 3.50%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.88%. |
- The distance between exit and entry is rather small compared to the average daily movement of HSIC. Please evaluate whether better entry and exit points can be found.
- 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.
77.21
-1.26 (-1.61%)
HENRY SCHEIN INC / HSIC FAQ
What is the ChartMill technical rating of HENRY SCHEIN INC (HSIC) stock?
ChartMill assigns a technical rating of 8 / 10 to HSIC.
What is the current trend direction of HENRY SCHEIN INC (HSIC) stock?
The current trend direction for HENRY SCHEIN INC (HSIC) is Bullish.
Can you provide the RSI signal for HENRY SCHEIN INC?
HENRY SCHEIN INC (HSIC) has an RSI value of 51.1993. This indicates that the stock is currently neutral.
What is the MACD signal for HENRY SCHEIN INC (HSIC) stock?
The MACD indicator for HENRY SCHEIN INC (HSIC) has a value of -0.129536, indicating a bearish trend.
Can you provide the support and resistance levels for HENRY SCHEIN INC?
HENRY SCHEIN INC (HSIC) has a support level at 75.58 and a resistance level at 77.4. Check the full technical report for our detailed analysis of HSIC support and resistance levels.