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 8 out of 10. 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.
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 - 7.42 range, which is quite wide. It is currently trading near the high of this range.
When comparing the performance of all stocks over the past year, HWX turns out to be only a medium performer in the overall market: it outperformed 67% of all stocks.
HWX is part of the Oil, Gas & Consumable Fuels industry. There are 210 other stocks in this industry, HWX did better than 69% of them.
Volume is considerably higher in the last couple of days.
Although HWX has an excellent technical rating, the quality of the presented setup is not ideal 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.
More info and screens
6.59
7.51
We found 3 important support areas.
- Support @7.33 from a horizontal line in the weekly time frame.
- A support zone ranging from 7.13 to 7.19. 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 6.66 to 7.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 7.41 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 | 67.04 | 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) | 64.94 | NEUTRAL | The RSI value for HWX.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests HWX.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 83.42 | OVERBOUGHT | The high Stochastics value suggests HWX.CA may be overbought. |
| Average True Range in percent/ATR (20) | 2.36 | MEDIUM VOLATILITY | The ATR as a percentage value for HWX.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 35.15 | 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 |
|---|---|---|---|
| 7.45 | 7.32 | 0.13 (1.74%) | 25.00% |
| An entry @7.45. This is a Buy Stop order right above the resistance zone. | An exit @7.32. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.13 points, which is 1.74%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.44%. |
- The distance between exit and entry is rather small compared to the average daily movement of HWX. Please evaluate whether better entry and exit points can be found.
- 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 (7/29/2025, 7:00:00 PM)
7.35
+0.02 (+0.27%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0.27%
1 Week1.52%
2 Weeks6.21%
1 Month9.21%
3 Month26.07%
6 Month9.87%
12 Month8.89%
2 Year-1.08%
3 Year18.36%
5 Year488%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.18
ATR(20)%2.36%
ATR Inc-38.96%
Range Today0.1
ADR(20)0.17
ADR(20)%2.31%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS67.04
Mansfield0.22
10 Day High7.43
10 Day Low6.8
20 Day High7.43
20 Day Low6.63
52 Week High7.65
52 Week Low4.75
CS1 End7.33
CR1 Start7.41
Volume & EV
DER(3)-7.87%
DER(5)0.24%
Volume595.90K
Volume Incr92.95%
Vol(5)848.59K
Vol(50)509.22K