HUT 8 CORP (HUT) Technical Analysis
NASDAQ:HUT • US44812J1043
Current stock price
HUT Technical Rating and Analysis
Overall HUT gets a technical rating of 10 out of 10. 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!
- Looking at the yearly performance, HUT did better than 98% 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 272 other stocks in this industry. HUT outperforms 98% of them.
- HUT is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month HUT has a been trading in the 48.05 - 83.18 range, which is quite wide. It is currently trading near the high of this range.
- HUT has an average volume of 4581950 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
HUT Weekly and Daily overview Charts
HUT 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.
More info and screens
HUT Support and Resistance Analysis
45.60
2 important support areas can be observed.
- A support zone ranging from 70.76 to 71.00. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @46.06 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 | 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 | 98.81 | POSITIVE | HUT has a high relative strength, it outperformed 98.81% 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) | 63.56 | NEUTRAL | The RSI value for HUT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.36 | NEGATIVE | The MACD value suggests HUT has a negative trend. |
| Stochastics (14,3) | 53.63 | NEUTRAL | The Stochastics value for HUT is a neutral value. |
| Average True Range in percent/ATR (20) | 6.83 | HIGH VOLATILITY | The high ATR as a percentage value for HUT suggests high volalility. |
| Average Directional Index/ADX (14) | 23.83 | NEUTRAL | The ADX value for HUT suggests a possible start of a new trend. |
HUT Chart- and CandleStick Pattern Analysis
HUT Technicals: Chart, Performance Metrics, Trend & Indicators
76.98
+1.2 (+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 10 / 10 to HUT.
Can you provide the trend direction for HUT 8 CORP?
The current trend direction for HUT 8 CORP (HUT) is Bullish.
What is the RSI signal for HUT stock?
HUT 8 CORP (HUT) has an RSI value of 63.5581. This indicates that the stock is currently neutral.
What is the buy/sell signal for HUT 8 CORP (HUT) stock?
The buy/sell signal for HUT 8 CORP (HUT) is buy as both the short term and long term trends are positive.
What is the support and resistance level for HUT stock?
HUT 8 CORP (HUT) has a support level at 71. Check the full technical report for our detailed analysis of HUT support and resistance levels.