HAOXIN HOLDINGS LTD-CL A (HXHX) Stock Technical Analysis
NASDAQ:HXHX - Nasdaq - KYG4290D1051 - Common Stock - Currency: USD
Taking everything into account, HXHX scores 1 out of 10 in our technical rating. In the last year, HXHX was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
HXHX has a bad technical rating, but it does show 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 1.41, a Stop Loss order could be placed below this zone.
More info and screens
1.40
We found 1 important support area.
- A support zone ranging from 1.41 to 1.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- Resistance @1.51 from a horizontal line in the daily time frame.
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 HXHX is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for HXHX is down. |
| ChartMill Relative Strength | 0 | NEGATIVE | HXHX has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of HXHX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of HXHX is below a declining SMA(50). |
| Relative Strength Index/RSI (14) | 42.72 | NEUTRAL | The RSI value for HXHX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests HXHX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 24.5 | NEUTRAL | The Stochastics value for HXHX is a neutral value. |
| Average True Range in percent/ATR (20) | 8.63 | HIGH VOLATILITY | The high ATR as a percentage value for HXHX suggests high volalility. |
| Average Directional Index/ADX (14) | 15.58 | NEGATIVE | The low ADX value for HXHX suggests a weak or negative trend. |
1.44
+0.02 (+1.41%)