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.
HUT has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price.
More info and screens
28.46
We found 6 important support areas.
- A support zone ranging from 40.70 to 41.30. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @37.32 from a trend line in the weekly time frame.
- Support @36.70 from a trend line in the daily time frame.
- Support @33.16 from a horizontal line in the daily time frame.
- Support @29.66 from a trend line in the daily time frame.
- Support @28.75 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- Resistance @46.76 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 is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for HUT is neutral. |
| ChartMill Relative Strength | 91.09 | POSITIVE | HUT has a high relative strength, it outperformed 91.09% 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 | MIXED | The current price of HUT is below 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) | 48.22 | NEUTRAL | The RSI value for HUT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.52 | POSITIVE | The MACD value suggests HUT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 80.66 | OVERBOUGHT | The high Stochastics value suggests HUT may be overbought. |
| Average True Range in percent/ATR (20) | 10.1 | HIGH VOLATILITY | The high ATR as a percentage value for HUT suggests high volalility. |
| Average Directional Index/ADX (14) | 12.65 | NEGATIVE | The low ADX value for HUT suggests a weak or negative trend. |
41.31
-5.44 (-11.64%)
HUT 8 CORP / HUT FAQ
What is the ChartMill technical rating of HUT 8 CORP (HUT) stock?
ChartMill assigns a technical rating of 9 / 10 to HUT.
What is the current trend direction of HUT 8 CORP (HUT) stock?
The current trend direction for HUT 8 CORP (HUT) is Bullish.
Can you provide the RSI signal for HUT 8 CORP?
HUT 8 CORP (HUT) has an RSI value of 48.2157. This indicates that the stock is currently neutral.
What is the short term momentum for HUT 8 CORP (HUT) stock?
The short term momentum for HUT 8 CORP (HUT) is neutral.
What is the support and resistance level for HUT stock?
HUT 8 CORP (HUT) has a support level at 41.3 and a resistance level at 46.76. Check the full technical report for our detailed analysis of HUT support and resistance levels.