HUT 8 CORP (HUT) Stock Technical Analysis
NASDAQ:HUT - Nasdaq - US44812J1043 - Common Stock - Currency: USD
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 part of the Software industry. There are 284 other stocks in this industry. HUT outperforms 79% of them.
HUT has an average volume of 6659150 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 90% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
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 14.74 - 19.50 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
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.
More info and screens
11.54
18.87
We found 3 important support areas.
- A support zone ranging from 16.26 to 16.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @15.21 from a horizontal line in the daily time frame.
- Support @11.66 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 18.57 to 18.68. 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 is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for HUT is up. |
| ChartMill Relative Strength | 90.23 | POSITIVE | HUT has a high relative strength, it outperformed 90.23% 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) | 54.29 | NEUTRAL | The RSI value for HUT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests HUT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 62.97 | NEUTRAL | The Stochastics value for HUT is a neutral value. |
| Average True Range in percent/ATR (20) | 6.8 | HIGH VOLATILITY | The high ATR as a percentage value for HUT suggests high volalility. |
| Average Directional Index/ADX (14) | 24.2 | NEUTRAL | The ADX value for HUT 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 |
|---|---|---|---|
| 18.69 | 16.25 | 2.44 (13.06%) | 7.66% |
| An entry @18.69. This is a Buy Stop order right above the resistance zone. | An exit @16.25. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.44 points, which is 13.06%. | When investing 7.66% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
17.66
-1.02 (-5.46%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-5.46%
1 Week5.75%
2 Weeks-3.81%
1 Month14.82%
3 Month50.68%
6 Month-20.88%
12 Month17.81%
2 Year7.03%
3 Year165.56%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.18
ATR(20)%6.8%
ATR Inc26.65%
Range Today1.17
ADR(20)1.1
ADR(20)%6.21%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.23
Mansfield-0.21
10 Day High18.88
10 Day Low15.26
20 Day High19.5
20 Day Low14.74
52 Week High31.95
52 Week Low8.73
CS1 End16.38
CR1 Start18.57
Volume & EV
DER(3)2.24%
DER(5)3.34%
Volume7.74M
Volume Incr13.25%
Vol(5)7.22M
Vol(50)6.66M