HUT 8 CORP (HUT.CA) Stock Technical Analysis
TSX:HUT - Toronto Stock Exchange - US44812J1043 - Common Stock - Currency: CAD
Taking everything into account, HUT scores 8 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, HUT is showing a nice and steady performance.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
HUT is part of the Software industry. There are 63 other stocks in this industry. HUT outperforms 79% of them.
HUT has an average volume of 1442000 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 84% 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 currently trading near new highs, so HUT is lagging the market.
In the last month HUT has a been trading in the 23.91 - 32.25 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although HUT has an excellent technical rating, the quality of the presented setup is not ideal at the moment. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
16.19
30.74
5 important support areas can be observed.
- A support zone ranging from 27.92 to 27.92. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 25.53 to 25.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @23.36 from a trend line in the daily time frame.
- Support @16.93 from a trend line in the weekly time frame.
- Support @16.35 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 29.49 to 29.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @30.44 from a horizontal line in the daily time frame.
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 | NEUTRAL | NEUTRAL | The short term trend for HUT.CA is neutral. |
| ChartMill Relative Strength | 84.56 | POSITIVE | HUT.CA has a high relative strength, it outperformed 84.56% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of HUT.CA is below 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) | 50.89 | NEUTRAL | The RSI value for HUT.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.37 | NEGATIVE | The MACD value suggests HUT.CA has a negative trend. |
| Stochastics (14,3) | 27.92 | NEUTRAL | The Stochastics value for HUT.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 6.44 | HIGH VOLATILITY | The high ATR as a percentage value for HUT.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 22.1 | 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 (7/25/2025, 7:00:00 PM)
27.93
-0.93 (-3.22%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-3.22%
1 Week-5.86%
2 Weeks-6.4%
1 Month9.57%
3 Month50.32%
6 Month-25.28%
12 Month33.13%
2 Year19.1%
3 Year104.62%
5 Year377.44%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.74
ATR(20)%6.44%
ATR Inc-34.94%
Range Today1.15
ADR(20)1.68
ADR(20)%6.03%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.56
Mansfield0.58
10 Day High32.25
10 Day Low27.39
20 Day High32.25
20 Day Low23.91
52 Week High45.2
52 Week Low11.86
CS1 End27.92
CR1 Start29.49
Volume & EV
DER(3)-2.52%
DER(5)-1.1%
Volume1.22M
Volume Incr-10.54%
Vol(5)1.36M
Vol(50)1.44M