HUT 8 CORP (HUT.CA) Stock Technical Analysis
TSX:HUT - Toronto Stock Exchange - US44812J1043 - Common Stock - Currency: CAD
We assign a technical rating of 7 out of 10 to HUT. Although HUT has been one of the better performers in the overall market, we have a mixed picture in the medium term time frame. But recently some decent action can be observed again.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
HUT is one of the better performing stocks in the Software industry, it outperforms 77% of 62 stocks in the same industry.
In the last month HUT has a been trading in the 16.44 - 24.65 range, which is quite wide. It is currently trading near the high of this range.
HUT has an average volume of 1547330 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that HUT is one of the better performing stocks in the market, outperforming 89% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
HUT is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so HUT is lagging the market slightly.
Although HUT has an excellent technical rating, the quality of the presented setup is not ideal 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.
More info and screens
14.91
24.19
3 important support areas can be observed.
- A support zone ranging from 21.01 to 21.51. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @15.63 from a trend line in the weekly time frame.
- A support zone ranging from 15.06 to 15.13. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 23.95 to 23.95. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The long term trend for HUT.CA is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for HUT.CA is up. |
| ChartMill Relative Strength | 89.82 | POSITIVE | HUT.CA has a high relative strength, it outperformed 89.82% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of HUT.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of HUT.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of HUT.CA is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.77 | NEUTRAL | The RSI value for HUT.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests HUT.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 72.88 | NEUTRAL | The Stochastics value for HUT.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 7.74 | HIGH VOLATILITY | The high ATR as a percentage value for HUT.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 22.96 | NEUTRAL | The ADX value for HUT.CA suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
TSX:HUT (5/28/2025, 7:00:00 PM)
21.52
-1.82 (-7.8%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-7.8%
1 Week-5.16%
2 Weeks-6.48%
1 Month18.96%
3 Month0.89%
6 Month-45.71%
12 Month81.76%
2 Year46.89%
3 Year31.62%
5 Year145.94%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.82
ATR(20)%7.74%
ATR Inc-11.7%
Range Today1.85
ADR(20)1.38
ADR(20)%6.39%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.82
Mansfield-0.94
10 Day High24.65
10 Day Low21.05
20 Day High24.65
20 Day Low16.44
52 Week High45.2
52 Week Low11.86
CS1 End21.51
CR1 Start23.95
Volume & EV
DER(3)1.64%
DER(5)2.21%
Volume1.21M
Volume Incr-15.02%
Vol(5)1.38M
Vol(50)1.55M