HUT Technical Analysis - HUT 8 CORP

Technical Rating and Analysis

We assign a technical rating of 10 out of 10 to HUT. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, HUT is showing a nice and steady performance.

The long and short term trends are both positive. This is looking good!

When comparing the yearly performance of all stocks, we notice that HUT is one of the better performing stocks in the market, outperforming 93% of all stocks. We also observe that the gains produced by HUT over the past year are nicely spread over this period.

HUT is one of the better performing stocks in the Software industry, it outperforms 88% of 63 stocks in the same industry.

HUT 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 HUT is lagging the market slightly.

HUT has an average volume of 1624590 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

In the last month HUT has a been trading in the 33.50 - 54.45 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

HUT has an excellent technical rating, but the quality of the setup is only medium 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

30.18

53.16

3 important support areas can be observed.

Support @32.51 from a trend line in the daily time frame.
Support @31.70 from a trend line in the weekly time frame.
Support @30.48 from a trend line in the daily time frame.

We found 1 important resistance area.

Resistance @52.63 from a horizontal line in the daily 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	UP	POSITIVE	The long term trend for HUT.CA is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for HUT.CA is up.
ChartMill Relative Strength	93.34	POSITIVE	HUT.CA has a high relative strength, it outperformed 93.34% 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	POSITIVE	The current price of HUT.CA is above the rising SMA(200).
Relative Strength Index/RSI (14)	56.17	NEUTRAL	The RSI value for HUT.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.19	NEGATIVE	The MACD value suggests HUT.CA has a negative trend.
Stochastics (14,3)	72.07	NEUTRAL	The Stochastics value for HUT.CA is a neutral value.
Average True Range in percent/ATR (20)	7.54	HIGH VOLATILITY	The high ATR as a percentage value for HUT.CA suggests high volalility.
Average Directional Index/ADX (14)	39.49	POSITIVE	The high ADX value value for HUT.CA suggests a strong trend.