HUBBELL INC (HUBB) Stock Technical Analysis
NYSE:HUBB • US4435106079
Taking everything into account, HUBB scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, HUBB 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 HUBB is one of the better performing stocks in the market, outperforming 83% of all stocks. We also observe that the gains produced by HUBB over the past year are nicely spread over this period.
- HUBB 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.
- HUBB is part of the Electrical Equipment industry. There are 91 other stocks in this industry, HUBB did better than 68% of them.
- In the last month HUBB has a been trading in the 472.14 - 533.80 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
HUBB has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 523.14. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 511.62, a Stop Loss order could be placed below this zone.
More info and screens
413.36
When analyzing the support we can see 5 important areas.
- A support zone ranging from 511.62 to 511.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 484.66 to 489.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @466.77 from a trend line in the weekly time frame.
- Support @442.54 from a horizontal line in the daily time frame.
- A support zone ranging from 417.54 to 420.59. This zone is formed by a combination of multiple trend lines in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 523.14 to 527.91. This zone is formed by a combination of multiple trend lines and important moving averages 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 HUBB is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for HUBB is up. |
| ChartMill Relative Strength | 83.93 | POSITIVE | HUBB has a high relative strength, it outperformed 83.93% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of HUBB is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of HUBB is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of HUBB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.4 | NEUTRAL | The RSI value for HUBB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.43 | NEGATIVE | The MACD value suggests HUBB has a negative trend. |
| Stochastics (14,3) | 69.09 | NEUTRAL | The Stochastics value for HUBB is a neutral value. |
| Average True Range in percent/ATR (20) | 3.29 | MEDIUM VOLATILITY | The ATR as a percentage value for HUBB suggests some volalility. |
| Average Directional Index/ADX (14) | 31.81 | POSITIVE | The high ADX value value for HUBB suggests a strong 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 |
|---|---|---|---|
| 527.92 | 511.61 | 16.31 (3.09%) | 25.00% |
| An entry @527.92. This is a Buy Stop order right above the resistance zone. | An exit @511.61. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 16.31 points, which is 3.09%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.77%. |
- The distance between exit and entry is rather small compared to the average daily movement of HUBB. 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.
511.63
-12.56 (-2.4%)
HUBBELL INC / HUBB FAQ
Can you provide the ChartMill technical rating for HUBBELL INC?
ChartMill assigns a technical rating of 10 / 10 to HUBB.
What is the trend direction for HUBB stock?
The current trend direction for HUBBELL INC (HUBB) is Bullish.
What is the RSI signal for HUBBELL INC (HUBB) stock?
HUBBELL INC (HUBB) has an RSI value of 53.4023. This indicates that the stock is currently neutral.
What is the short term momentum for HUBBELL INC (HUBB) stock?
The short term momentum for HUBBELL INC (HUBB) is positive.
What is the buy/sell signal for HUBB stock?
The buy/sell signal for HUBBELL INC (HUBB) is buy as both the short term and long term trends are positive.