HUT Technical Analysis - HUT 8 CORP

Technical Rating and Analysis

Overall HUT gets a technical rating of 10 out of 10. 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!

Looking at the yearly performance, HUT did better than 96% of all other stocks. We also observe that the gains produced by HUT over the past year are nicely spread over this period.

HUT is part of the Software industry. There are 279 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.

HUT has an average volume of 5581890 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

In the last month HUT has a been trading in the 24.20 - 39.47 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although HUT has an excellent technical rating, the quality of the presented setup is not ideal 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

22.84

38.26

We found 2 important support areas.

Support @31.39 from a trend line in the daily time frame.
A support zone ranging from 23.07 to 23.40. This zone is formed by a combination of multiple trend lines in multiple time frames.

We found 1 important resistance area.

Resistance @37.88 from a horizontal line in the daily time frame.

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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	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	96.95	POSITIVE	HUT has a high relative strength, it outperformed 96.95% 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)	55.44	NEUTRAL	The RSI value for HUT is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.18	NEGATIVE	The MACD value suggests HUT has a negative trend.
Stochastics (14,3)	69.71	NEUTRAL	The Stochastics value for HUT is a neutral value.
Average True Range in percent/ATR (20)	7.64	HIGH VOLATILITY	The high ATR as a percentage value for HUT suggests high volalility.
Average Directional Index/ADX (14)	39.68	POSITIVE	The high ADX value value for HUT suggests a strong trend.