HVT.A Technical Analysis - HAVERTY FURNITURE COS-CL A

Technical Rating and Analysis

We assign a technical rating of 2 out of 10 to HVT.A. HVT.A scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

When comparing the yearly performance of all stocks, HVT.A is a bad performer in the overall market: 89% of all stocks are doing better.

HVT.A is part of the Specialty Retail industry. There are 122 other stocks in this industry, of which 70% are performing better than HVT.A.

HVT.A is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

Warning: HVT.A has an average volume of 868 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

The long and short term trends are both neutral. This gives a pretty neutral overall picture!

In the last month HVT.A has a been trading in the 18.61 - 24.15 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

HAVERTY FURNITURE COS-CL A / HVT.A Weekly stock chart

HAVERTY FURNITURE COS-CL A / HVT.A Daily stock chart

Setup Rating and Analysis

The technical rating of HVT.A is bad and it also does not present a quality setup 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

20.78

35.47

We can see 3 important resistance areas.

A resistance zone ranging from 21.40 to 21.72. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @23.53 from a horizontal line in the weekly time frame.
Resistance @35.12 from a trend line in the weekly time frame.

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What is Support and Resistance

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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	NEUTRAL	NEUTRAL	The long term trend for HVT.A is neutral.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for HVT.A is neutral.
ChartMill Relative Strength	11.83	NEGATIVE	HVT.A has a low relative strength, it was outperformed by 88.17% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	MIXED	The current price of HVT.A is below the rising SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of HVT.A is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of HVT.A is below a declining SMA(200).
Relative Strength Index/RSI (14)	47.23	NEUTRAL	The RSI value for HVT.A is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.02	POSITIVE	The MACD value suggests HVT.A has a positive trend, although the MACD value is declining.
Stochastics (14,3)	45.55	NEUTRAL	The Stochastics value for HVT.A is a neutral value.
Average True Range in percent/ATR (20)	5.97	HIGH VOLATILITY	The high ATR as a percentage value for HVT.A suggests high volalility.
Average Directional Index/ADX (14)	14.23	NEGATIVE	The low ADX value for HVT.A suggests a weak or negative trend.