Houston Wire Cable (HWCC) Technical Analysis
NASDAQ:HWCC
Current stock price
HWCC Technical Rating and Analysis
We assign a technical rating of 10 out of 10 to HWCC. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, HWCC is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that HWCC is one of the better performing stocks in the market, outperforming 88% of all stocks. We also observe that the gains produced by HWCC over the past year are nicely spread over this period.
- HWCC is part of the Trading Companies & Distributors industry. There are 47 other stocks in this industry. HWCC outperforms 93% of them.
- HWCC is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so HWCC is performing more or less in line with the market.
- HWCC is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- In the last month HWCC has a been trading in a tight range between 5.25 and 5.30.
HWCC Weekly and Daily overview Charts
HWCC Setup Rating and Analysis
Besides having an excellent technical rating, HWCC also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 5.28, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
HWCC Support and Resistance Analysis
3.10
When analyzing the support we can see 5 important areas.
- A support zone ranging from 5.22 to 5.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @4.81 from a trend line in the daily time frame.
- Support @4.70 from a trend line in the weekly time frame.
- Support @4.41 from a trend line in the daily time frame.
- Support @3.13 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 5.32 to 5.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
HWCC 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 HWCC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for HWCC is up. |
| ChartMill Relative Strength | 88.88 | POSITIVE | HWCC has a high relative strength, it outperformed 88.88% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of HWCC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of HWCC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of HWCC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 65.17 | NEUTRAL | The RSI value for HWCC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests HWCC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 88.89 | OVERBOUGHT | The high Stochastics value suggests HWCC may be overbought. |
| Average True Range in percent/ATR (20) | 0.35 | LOW VOLATILITY | The low ATR as a percentage value for HWCC suggests low volalility. |
HWCC Chart- and CandleStick Pattern Analysis
HWCC Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 5.31 | 5.26 | 0.05 (0.94%) | 25.00% |
| An entry @5.31. This is a Buy Stop order right above the 10 day high. | An exit @5.26. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.05 points, which is 0.94%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.24%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
HWCC Technicals: Chart, Performance Metrics, Trend & Indicators
5.3
+0.01 (+0.19%)
Houston Wire Cable / HWCC TA FAQ
What is the ChartMill technical rating of Houston Wire Cable (HWCC) stock?
ChartMill assigns a technical rating of 10 / 10 to HWCC.
Can you provide the trend direction for Houston Wire Cable?
The current trend direction for Houston Wire Cable (HWCC) is Bullish.
What is the RSI signal for Houston Wire Cable (HWCC) stock?
Houston Wire Cable (HWCC) has an RSI value of 65.1706. This indicates that the stock is currently neutral.
Can you provide the MACD signal for Houston Wire Cable?
The MACD indicator for Houston Wire Cable (HWCC) has a value of -0.00613459, indicating a bearish trend.
What is the support and resistance level for HWCC stock?
Houston Wire Cable (HWCC) has a support level at 5.28 and a resistance level at 5.32. Check the full technical report for our detailed analysis of HWCC support and resistance levels.