HENRY SCHEIN INC (HSIC) Stock Technical Analysis
NASDAQ:HSIC • US8064071025
Taking everything into account, HSIC scores 8 out of 10 in our technical rating. 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.
- Both the short term and long term trends are positive. This is a very positive sign.
- HSIC is one of the better performing stocks in the Health Care Providers & Services industry, it outperforms 72% of 101 stocks in the same industry.
- 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.
- HSIC has an average volume of 1360600 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When compared to the yearly performance of all other stocks, HSIC outperforms 69% of them, which is more or less in line with the market.
- In the last month HSIC has a been trading in the 73.08 - 89.29 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
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. There is very little resistance above the current price. There is a support zone below the current price at 79.95, a Stop Loss order could be placed below this zone.
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63.46
6 important support areas can be observed.
- A support zone ranging from 77.40 to 79.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 75.48 to 75.97. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @73.14 from a horizontal line in the daily time frame.
- Support @71.67 from a horizontal line in the daily time frame.
- Strong support @69.56 from a horizontal line in the daily time frame.
- Support @64.10 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 | 69.53 | NEUTRAL | HSIC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of HSIC is above 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) | 60.28 | NEUTRAL | The RSI value for HSIC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.38 | POSITIVE | The MACD value suggests HSIC has a positive trend. |
| Stochastics (14,3) | 45.7 | NEUTRAL | The Stochastics value for HSIC is a neutral value. |
| Average True Range in percent/ATR (20) | 3.45 | MEDIUM VOLATILITY | The ATR as a percentage value for HSIC suggests some volalility. |
| Average Directional Index/ADX (14) | 21.41 | 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 |
|---|---|---|---|
| 89.30 | 77.39 | 11.91 (13.34%) | 7.50% |
| An entry @89.30. This is a Buy Stop order right above the 10 day high. | An exit @77.39. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 11.91 points, which is 13.34%. | For a 1.00% total portfolio risk, you can invest 7.50% of your capital in this trade. |
- 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.
82.39
+0.92 (+1.13%)
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 60.2754. 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 0.378662, 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 79.95. Check the full technical report for our detailed analysis of HSIC support and resistance levels.