HUT 8 CORP (HUT) Stock Technical Analysis
NASDAQ:HUT - Nasdaq - US44812J1043 - Common Stock - Currency: USD
We assign a technical rating of 9 out of 10 to HUT. Both in the recent history as in the last year, HUT has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
HUT is one of the better performing stocks in the Software industry, it outperforms 90% of 283 stocks in the same industry.
In the last month HUT has a been trading in the 18.68 - 23.90 range, which is quite wide. It is currently trading near the high of this range.
HUT has an average volume of 5711630 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 94% of all stocks. However, this overall performance is mostly based on the strong move around 10 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.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
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
11.98
23.55
2 important support areas can be observed.
- A support zone ranging from 19.99 to 20.03. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @12.10 from a trend 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 | 94.78 | POSITIVE | HUT has a high relative strength, it outperformed 94.78% 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) | 62.22 | NEUTRAL | The RSI value for HUT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.24 | POSITIVE | The MACD value suggests HUT has a positive trend. |
| Stochastics (14,3) | 94.79 | OVERBOUGHT | The high Stochastics value suggests HUT may be overbought. |
| Average True Range in percent/ATR (20) | 6.08 | HIGH VOLATILITY | The high ATR as a percentage value for HUT suggests high volalility. |
| Average Directional Index/ADX (14) | 25.02 | 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)
23.32
-0.48 (-2.02%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-2.02%
1 Week19.87%
2 Weeks17.9%
1 Month7.86%
3 Month36.14%
6 Month13.92%
12 Month102.08%
2 Year91.93%
3 Year129.75%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.55
ATR(20)%6.08%
ATR Inc27.49%
Range Today1.1
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
CRS94.78
Mansfield2
10 Day High23.9
10 Day Low18.68
20 Day High23.9
20 Day Low18.68
52 Week High31.95
52 Week Low8.73
CS1 End20.03
CR1 StartN/A
Volume & EV
DER(3)2.68%
DER(5)2.75%
Volume4.73M
Volume Incr32.73%
Vol(5)5.79M
Vol(50)5.71M