HUT 8 CORP (HUT.CA) Stock Technical Analysis
TSX:HUT - Toronto Stock Exchange - US44812J1043 - Common Stock - Currency: CAD
We assign a technical rating of 8 out of 10 to HUT. In the last year, HUT was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
The long and short term trends are both positive. This is looking good!
HUT is part of the Software industry. There are 62 other stocks in this industry. HUT outperforms 78% of them.
HUT is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
HUT has an average volume of 1559030 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 91% 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
We found 3 important support areas.
- A support zone ranging from 22.69 to 22.89. 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 15.10. 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 | 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 | 91.98 | POSITIVE | HUT.CA has a high relative strength, it outperformed 91.98% 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) | 61.17 | NEUTRAL | The RSI value for HUT.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.29 | POSITIVE | The MACD value suggests HUT.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 82.33 | OVERBOUGHT | The high Stochastics value suggests HUT.CA may be overbought. |
| Average True Range in percent/ATR (20) | 6.95 | HIGH VOLATILITY | The high ATR as a percentage value for HUT.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 23.52 | 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)
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 |
|---|---|---|---|
| 23.96 | 22.68 | 1.28 (5.34%) | 18.72% |
| An entry @23.96. This is a Buy Stop order right above the resistance zone. | An exit @22.68. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.28 points, which is 5.34%. | When investing 18.72% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of HUT. 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.
TSX:HUT (5/26/2025, 7:00:00 PM)
23.27
+0.42 (+1.84%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg1.84%
1 Week-2.84%
2 Weeks20.26%
1 Month25.24%
3 Month9.1%
6 Month-41.3%
12 Month96.54%
2 Year58.84%
3 Year42.32%
5 Year165.94%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.72
ATR(20)%6.95%
ATR Inc-45.96%
Range Today0.28
ADR(20)1.33
ADR(20)%5.71%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.98
Mansfield-0.09
10 Day High24.65
10 Day Low20.95
20 Day High24.65
20 Day Low16.44
52 Week High45.2
52 Week Low11.86
CS1 End22.89
CR1 Start23.95
Volume & EV
DER(3)4.04%
DER(5)1.42%
Volume245.08K
Volume Incr3.94%
Vol(5)1.66M
Vol(50)1.56M