HEADWATER EXPLORATION INC (HWX.CA) Stock Technical Analysis
TSX:HWX - Toronto Stock Exchange - CA4220961078 - Common Stock - Currency: CAD
Overall HWX gets a technical rating of 7 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, HWX is only an average performer.
Both the short term and long term trends are positive. This is a very positive sign.
HWX is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so HWX is lagging the market slightly.
In the last month HWX has a been trading in the 6.63 - 7.28 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
When compared to the yearly performance of all other stocks, HWX outperforms 42% of them, which is more or less in line with the market.
HWX is part of the Oil, Gas & Consumable Fuels industry. There are 214 other stocks in this industry, HWX did better than 50% of them.
HWX 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 very little resistance above the current price. There is a support zone below the current price at 6.70, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- 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
6.55
7.51
We found 1 important support area.
- A support zone ranging from 6.62 to 6.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
3 important resistance areas can be observed.
- Resistance @6.90 from a trend line in the daily time frame.
- Resistance @7.09 from a trend line in the weekly time frame.
- A resistance zone ranging from 7.24 to 7.44. 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 | UP | POSITIVE | The long term trend for HWX.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for HWX.CA is up. |
| ChartMill Relative Strength | 42.6 | NEUTRAL | HWX.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of HWX.CA is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of HWX.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of HWX.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.85 | NEUTRAL | The RSI value for HWX.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests HWX.CA has a negative trend. |
| Stochastics (14,3) | 42.19 | NEUTRAL | The Stochastics value for HWX.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.31 | MEDIUM VOLATILITY | The ATR as a percentage value for HWX.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 27.65 | POSITIVE | The high ADX value value for HWX.CA suggests a strong 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)
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 |
|---|---|---|---|
| 6.91 | 6.62 | 0.29 (4.20%) | 23.83% |
| An entry @6.91. This is a Buy Stop order right above the resistance zone. | An exit @6.62. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.29 points, which is 4.20%. | For a 1.00% total portfolio risk, you can invest 23.83% of your capital in this trade. |
- 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.
TSX:HWX (7/17/2025, 7:00:00 PM)
6.89
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0%
1 Week0.58%
2 Weeks2.53%
1 Month-3.37%
3 Month17.98%
6 Month-2.13%
12 Month-4.83%
2 Year-7.27%
3 Year10.95%
5 Year451.2%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.16
ATR(20)%2.31%
ATR Inc-7.42%
Range Today0.16
ADR(20)0.15
ADR(20)%2.21%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS42.6
Mansfield-0.35
10 Day High7.27
10 Day Low6.63
20 Day High7.28
20 Day Low6.63
52 Week High7.65
52 Week Low4.75
CS1 End6.7
CR1 Start6.9
Volume & EV
DER(3)-1.09%
DER(5)-0.06%
Volume437.01K
Volume Incr-8.05%
Vol(5)436.68K
Vol(50)471.63K