HUT 8 CORP (HUT) Stock Technical Analysis
NASDAQ:HUT - US44812J1043 - Common Stock
25.38 USD
-0.23 (-0.9%)
25.26 USD
-0.12 (-0.47%)
Taking everything into account, HUT scores 9 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 and short term trends are both positive. This is looking good!
HUT is part of the Software industry. There are 281 other stocks in this industry. HUT outperforms 92% of them.
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.
In the last month HUT has a been trading in the 18.68 - 28.66 range, which is quite wide. It is currently trading near the high of this range.
HUT has an average volume of 5622070 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, HUT did better than 96% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
Although HUT has an excellent technical rating, it does not present a decent entry opportunity 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
21.30
27.00
3 important support areas can be observed.
- A support zone ranging from 25.37 to 25.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @23.50 from a trend line in the daily time frame.
- A support zone ranging from 21.52 to 21.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- Resistance @26.73 from a horizontal line in the weekly 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 is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for HUT is up. |
| ChartMill Relative Strength | 96.83 | POSITIVE | HUT has a high relative strength, it outperformed 96.83% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of HUT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of HUT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of HUT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.43 | NEUTRAL | The RSI value for HUT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.14 | POSITIVE | The MACD value suggests HUT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 69.39 | NEUTRAL | The Stochastics value for HUT is a neutral value. |
| Average True Range in percent/ATR (20) | 7.67 | HIGH VOLATILITY | The high ATR as a percentage value for HUT suggests high volalility. |
| Average Directional Index/ADX (14) | 32.96 | POSITIVE | The high ADX value value for HUT suggests a strong 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)
25.38
-0.23 (-0.9%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-0.9%
1 Week-4.26%
2 Weeks18.76%
1 Month26.77%
3 Month36.67%
6 Month87.86%
12 Month182%
2 Year160.31%
3 Year185.17%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.13
ATR(20)%7.67%
ATR Inc29.95%
Range Today2.96
ADR(20)1.92
ADR(20)%7.58%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.83
Mansfield2.5
10 Day High28.66
10 Day Low21
20 Day High28.66
20 Day Low18.68
52 Week High31.95
52 Week Low9.2
CS1 End25.37
CR1 Start26.73
Volume & EV
DER(3)-3.44%
DER(5)-2.48%
Volume5.26M
Volume Incr20.31%
Vol(5)6.26M
Vol(50)5.62M