HYFM Technical Analysis - HYDROFARM HOLDINGS GROUP INC

Technical Rating and Analysis

We assign a technical rating of 0 out of 10 to HYFM. HYFM's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

95% of all other stocks performed better in the past year than HYFM.

HYFM is part of the Machinery industry. There are 129 other stocks in this industry, of which 86% are performing better than HYFM.

HYFM is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

In the last month HYFM has a been trading in the 2.65 - 4.76 range, which is quite wide. It is currently trading near the lows of this range.

Warning: HYFM has an average volume of 16127 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

HYDROFARM HOLDINGS GROUP INC / HYFM Weekly stock chart

HYDROFARM HOLDINGS GROUP INC / HYFM Daily stock chart

Setup Rating and Analysis

HYFM has a poor technical rating and the quality of the setup is also not perfect 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

2.99

4.97

When analyzing the support we notice one important area.

A support zone ranging from 3.02 to 3.09. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice 5 important areas.

Resistance @3.30 from a horizontal line in the daily time frame.
Resistance @4.28 from a trend line in the weekly time frame.
Resistance @4.39 from a trend line in the daily time frame.
Resistance @4.60 from a horizontal line in the daily time frame.
Resistance @4.92 from a trend line in the weekly time frame.

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What is Support and Resistance

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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	DOWN	NEGATIVE	The long term trend for HYFM is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for HYFM is down.
ChartMill Relative Strength	5.06	NEGATIVE	HYFM has a low relative strength, it was outperformed by 94.94% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of HYFM is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of HYFM is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of HYFM is below a declining SMA(200).
Relative Strength Index/RSI (14)	33.12	NEUTRAL	The RSI value for HYFM is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.01	NEGATIVE	The MACD value suggests HYFM has a negative trend, although the MACD value is rising.
Stochastics (14,3)	24.48	NEUTRAL	The Stochastics value for HYFM is a neutral value.
Average True Range in percent/ATR (20)	9.15	HIGH VOLATILITY	The high ATR as a percentage value for HYFM suggests high volalility.
Average Directional Index/ADX (14)	45.3	POSITIVE	The high ADX value value for HYFM suggests a strong trend.