HUT 8 CORP (HUT) Technical Analysis
NASDAQ:HUT • US44812J1043
Current stock price
HUT Technical Rating and Analysis
We assign a technical rating of 4 out of 10 to HUT. Although HUT is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Looking at the yearly performance, HUT did better than 97% of all other stocks. On top of that, HUT also shows a nice and consistent pattern of rising prices.
- HUT is part of the Software industry. There are 275 other stocks in this industry. HUT outperforms 98% of them.
- HUT has an average volume of 4796750 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- 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.
- In the last month HUT has a been trading in the 42.06 - 56.87 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
HUT Weekly and Daily overview Charts
HUT Setup Rating and Analysis
HUT has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately.
More info and screens
HUT Support and Resistance Analysis
42.28
2 important support areas can be observed.
- Support @47.06 from a horizontal line in the weekly time frame.
- A support zone ranging from 42.71 to 43.16. This zone is formed by a combination of multiple trend lines in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 49.24 to 49.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @54.24 from a trend line in the daily time frame.
HUT 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 | NEUTRAL | NEUTRAL | The long term trend for HUT is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for HUT is down. |
| ChartMill Relative Strength | 97.81 | POSITIVE | HUT has a high relative strength, it outperformed 97.81% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of HUT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of HUT is below a declining 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) | 46.85 | NEUTRAL | The RSI value for HUT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.25 | NEGATIVE | The MACD value suggests HUT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 36.46 | NEUTRAL | The Stochastics value for HUT is a neutral value. |
| Average True Range in percent/ATR (20) | 8.68 | HIGH VOLATILITY | The high ATR as a percentage value for HUT suggests high volalility. |
| Average Directional Index/ADX (14) | 12.54 | NEGATIVE | The low ADX value for HUT suggests a weak or negative trend. |
HUT Chart- and CandleStick Pattern Analysis
HUT Technicals: Chart, Performance Metrics, Trend & Indicators
48.11
+0.75 (+1.58%)
HUT 8 CORP / HUT TA FAQ
What is the ChartMill technical rating of HUT 8 CORP (HUT) stock?
ChartMill assigns a technical rating of 4 / 10 to HUT.
Can you provide the trend direction for HUT 8 CORP?
The current trend direction for HUT 8 CORP (HUT) is Bearish.
What is the RSI signal for HUT stock?
HUT 8 CORP (HUT) has an RSI value of 46.8531. This indicates that the stock is currently neutral.
What are the support and resistance levels for HUT 8 CORP (HUT) stock?
HUT 8 CORP (HUT) has a support level at 47.06 and a resistance level at 49.24. Check the full technical report for our detailed analysis of HUT support and resistance levels.