HUT 8 CORP (HUT) Stock Technical Analysis
NASDAQ:HUT - Nasdaq - US44812J1043 - Common Stock - Currency: USD
Taking everything into account, HUT scores 7 out of 10 in our technical rating. Although HUT has been one of the better performers in the overall market, we have a mixed picture in the medium term time frame. But recently some decent action can be observed again.
HUT is currently trading in the lower part 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.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
HUT is part of the Software industry. There are 283 other stocks in this industry. HUT outperforms 81% of them.
HUT has an average volume of 6395450 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 92% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
In the last month HUT has a been trading in the 12.23 - 17.82 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
HUT has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 15.20, a Stop Loss order could be placed below this zone.
More info and screens
10.84
17.34
When analyzing the support we can see 3 important areas.
- A support zone ranging from 15.18 to 15.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @11.47 from a trend line in the weekly time frame.
- Support @10.95 from a trend line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 15.42 to 15.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 17.13 to 17.17. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The short term trend for HUT is up. |
| ChartMill Relative Strength | 92.3 | POSITIVE | HUT has a high relative strength, it outperformed 92.3% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of HUT is below 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 | MIXED | The current price of HUT is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51 | NEUTRAL | The RSI value for HUT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.2 | NEGATIVE | The MACD value suggests HUT has a negative trend. |
| Stochastics (14,3) | 25.38 | NEUTRAL | The Stochastics value for HUT is a neutral value. |
| Average True Range in percent/ATR (20) | 7.7 | HIGH VOLATILITY | The high ATR as a percentage value for HUT suggests high volalility. |
| Average Directional Index/ADX (14) | 23.53 | NEUTRAL | The ADX value for HUT suggests a possible start of a new 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)
15.21
-0.06 (-0.39%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-0.39%
1 Week-8.65%
2 Weeks-11.21%
1 Month10.22%
3 Month12.58%
6 Month-49.7%
12 Month57.13%
2 Year-7.82%
3 Year128.72%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.08
ATR(20)%7.7%
ATR Inc-48.71%
Range Today0.71
ADR(20)1.05
ADR(20)%6.88%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.3
Mansfield-1.14
10 Day High17.82
10 Day Low14.74
20 Day High17.82
20 Day Low12.23
52 Week High31.95
52 Week Low8.73
CS1 End15.2
CR1 Start15.42
Volume & EV
DER(3)0.15%
DER(5)-1.18%
Volume5.13M
Volume Incr-16.48%
Vol(5)6.17M
Vol(50)6.40M