HEADWATERS INC (HW) Technical Analysis
NYSE:HW • US42210P1021
Current stock price
HW Technical Rating and Analysis
We assign a technical rating of 7 out of 10 to HW. Although HW is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- Both the short term and long term trends are positive. This is a very positive sign.
- HW is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- Looking at the yearly performance, HW did better than 79% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
- In the last month HW has a been trading in a tight range between 23.51 and 24.25.
- Volume is considerably higher in the last couple of days.
HW Weekly and Daily overview Charts
HW Setup Rating and Analysis
Although HW has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
HW Support and Resistance Analysis
16.86
We found 2 important support areas.
- A support zone ranging from 23.00 to 23.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @17.03 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 24.25 to 24.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
HW 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 HW is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for HW is up. |
| ChartMill Relative Strength | 79.89 | POSITIVE | HW has a high relative strength, it outperformed 79.89% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of HW is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of HW is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of HW is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 75.95 | OVERBOUGHT | The high RSI value suggests HW may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests HW has a positive trend. |
| Stochastics (14,3) | 78.13 | NEUTRAL | The Stochastics value for HW is a neutral value. |
| Average True Range in percent/ATR (20) | 0.5 | LOW VOLATILITY | The low ATR as a percentage value for HW suggests low volalility. |
HW Chart- and CandleStick Pattern Analysis
HW Technicals: Chart, Performance Metrics, Trend & Indicators
24.24
+0.46 (+1.93%)
HEADWATERS INC / HW TA FAQ
What is the ChartMill technical rating of HEADWATERS INC (HW) stock?
ChartMill assigns a technical rating of 7 / 10 to HW.
What is the trend direction for HW stock?
The current trend direction for HEADWATERS INC (HW) is Bullish.
What is the RSI signal for HW stock?
HEADWATERS INC (HW) has an RSI value of 75.9535. This indicates that the stock is currently overbought.
What is the short term momentum for HEADWATERS INC (HW) stock?
The short term momentum for HEADWATERS INC (HW) is positive.
Can you provide the buy/sell signal for HEADWATERS INC?
The buy/sell signal for HEADWATERS INC (HW) is buy as both the short term and long term trends are positive.