HSTM Technical Analysis - HEALTHSTREAM INC

Technical Rating and Analysis

We assign a technical rating of 6 out of 10 to HSTM. In the past year, HSTM was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.

The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.

In the last month HSTM has a been trading in the 26.04 - 29.43 range, which is quite wide. It is currently trading near the high of this range.

When compared to the yearly performance of all other stocks, HSTM outperforms 44% of them, which is more or less in line with the market.

HSTM is part of the Health Care Technology industry. There are 35 other stocks in this industry, HSTM did better than 61% of them.

HSTM is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so HSTM is lagging the market.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

HEALTHSTREAM INC / HSTM Weekly stock chart

HEALTHSTREAM INC / HSTM Daily stock chart

Setup Rating and Analysis

HSTM has an average technical rating and it also does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

25.39

34.29

When analyzing the support we can see 2 important areas.

Support @28.87 from a horizontal line in the weekly time frame.
A support zone ranging from 25.65 to 25.65. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice 4 important areas.

A resistance zone ranging from 29.13 to 29.22. This zone is formed by a combination of multiple trend lines in the daily time frame.
Resistance @32.19 from a horizontal line in the daily time frame.
A resistance zone ranging from 33.10 to 33.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @33.95 from a horizontal line in the weekly time frame.

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Technical Indicator Signal Analysis

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	NEUTRAL	NEUTRAL	The long term trend for HSTM is neutral.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for HSTM is up.
ChartMill Relative Strength	44.55	NEUTRAL	HSTM is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of HSTM is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of HSTM is above the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of HSTM is below a declining SMA(200).
Relative Strength Index/RSI (14)	64.23	NEUTRAL	The RSI value for HSTM is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.1	POSITIVE	The MACD value suggests HSTM has a positive trend, although the MACD value is declining.
Stochastics (14,3)	84.73	OVERBOUGHT	The high Stochastics value suggests HSTM may be overbought.
Average True Range in percent/ATR (20)	1.91	LOW VOLATILITY	The low ATR as a percentage value for HSTM suggests low volalility.
Average Directional Index/ADX (14)	23.86	NEUTRAL	The ADX value for HSTM suggests a possible start of a new trend.