Hive Blockchain Technologies Ltd (HVBT) Technical Analysis
NASDAQ:HVBT
Current stock price
HVBT Technical Rating and Analysis
Overall HVBT gets a technical rating of 3 out of 10. HVBT performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
- When comparing the yearly performance of all stocks, HVBT is a bad performer in the overall market: 100% of all stocks are doing better.
- HVBT is one of the lesser performing stocks in the Software industry. 89% of 275 stocks in the same industry do better.
- Warning: HVBT has an average volume of 0 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- HVBT is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so HVBT is lagging the market slightly.
- In the last month HVBT has a been trading in the 2.66 - 3.75 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
HVBT Weekly and Daily overview Charts
HVBT Setup Rating and Analysis
HVBT has a poor technical rating and the quality of the setup is also only medium 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
HVBT Support and Resistance Analysis
2.96
When analyzing the support we notice one important area.
- A support zone ranging from 2.99 to 2.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 3.07 to 3.11. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
HVBT 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 HVBT is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for HVBT is neutral. |
| ChartMill Relative Strength | 0 | NEGATIVE | HVBT has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of HVBT is below the rising SMA(20). |
| Relative Strength Index/RSI (14) | 49.76 | NEUTRAL | The RSI value for HVBT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests HVBT has a negative trend. |
| Stochastics (14,3) | 19.14 | OVERSOLD | The low Stochastics value suggests HVBT may be oversold. |
| Average True Range in percent/ATR (20) | 8.03 | HIGH VOLATILITY | The high ATR as a percentage value for HVBT suggests high volalility. |
HVBT Chart- and CandleStick Pattern Analysis
HVBT Technicals: Chart, Performance Metrics, Trend & Indicators
Hive Blockchain Technologies Ltd
NASDAQ:HVBT (9/13/2021, 8:00:02 PM)
After market: 3.05 -0.01 (-0.33%)3.06
+0.06 (+2%)
Hive Blockchain Technologies Ltd / HVBT TA FAQ
What is the technical rating for HVBT stock?
ChartMill assigns a technical rating of 3 / 10 to HVBT.
What is the trend direction for HVBT stock?
The current trend direction for Hive Blockchain Technologies Ltd (HVBT) is Bullish.
What is the RSI signal for HVBT stock?
Hive Blockchain Technologies Ltd (HVBT) has an RSI value of 49.7567. This indicates that the stock is currently neutral.
What is the MACD signal for HVBT stock?
The MACD indicator for Hive Blockchain Technologies Ltd (HVBT) has a value of -0.0616708, indicating a bearish trend.