HEADWATER EXPLORATION INC (HWX.CA) Stock Technical Analysis
TSX:HWX - Toronto Stock Exchange - CA4220961078 - Common Stock - Currency: CAD
Taking everything into account, HWX scores 8 out of 10 in our technical rating. Although HWX is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
The long and short term trends are both positive. This is looking good!
HWX 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 HWX is performing more or less in line with the market.
In the last month HWX has a been trading in the 6.13 - 7.22 range, which is quite wide. It is currently trading near the high of this range.
When compared to the yearly performance of all other stocks, HWX outperforms 59% 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 63% of them.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although HWX 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
6.13
7.51
2 important support areas can be observed.
- A support zone ranging from 6.68 to 6.78. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 6.19 to 6.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 7.33 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 | 59.55 | NEUTRAL | HWX.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of HWX.CA is above the rising 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) | 75.12 | OVERBOUGHT | The high RSI value suggests HWX.CA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests HWX.CA has a positive trend. |
| Stochastics (14,3) | 94.31 | OVERBOUGHT | The high Stochastics value suggests HWX.CA may be overbought. |
| Average True Range in percent/ATR (20) | 2.15 | MEDIUM VOLATILITY | The ATR as a percentage value for HWX.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 35.57 | 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)
TSX:HWX (6/17/2025, 7:00:00 PM)
7.19
+0.17 (+2.42%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg2.42%
1 Week6.36%
2 Weeks11.13%
1 Month13.23%
3 Month12.7%
6 Month15.04%
12 Month3.01%
2 Year13.23%
3 Year32.9%
5 Year484.55%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.17
ATR(20)%2.15%
ATR Inc20.09%
Range Today0.17
ADR(20)0.14
ADR(20)%1.95%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS59.55
Mansfield0.43
10 Day High7.22
10 Day Low6.34
20 Day High7.22
20 Day Low6.13
52 Week High7.66
52 Week Low4.75
CS1 End6.78
CR1 Start7.33
Volume & EV
DER(3)6.25%
DER(5)0.92%
Volume579.26K
Volume Incr39.14%
Vol(5)624.90K
Vol(50)618.84K