HYDROFARM HOLDINGS GROUP INC (HYFM) Stock Technical Analysis
NASDAQ:HYFM - US44888K4076 - Common Stock
3.03 USD
-1.34 (-30.68%)
3.23 USD
+0.2 (+6.6%)
Taking everything into account, HYFM scores 2 out of 10 in our technical rating. 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.
When comparing the yearly performance of all stocks, HYFM is a bad performer in the overall market: 95% of all stocks are doing better.
HYFM is part of the Machinery industry. There are 128 other stocks in this industry, of which 88% 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 - 4.78 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
Warning: HYFM has an average volume of 13650 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
The technical rating of HYFM is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
3.00
5.19
We can see 2 important resistance areas.
- A resistance zone ranging from 4.57 to 4.60. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @5.14 from a trend line in the weekly 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 | NEUTRAL | NEUTRAL | The long term trend for HYFM is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for HYFM is neutral. |
| ChartMill Relative Strength | 5.9 | NEGATIVE | HYFM has a low relative strength, it was outperformed by 94.1% 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) | 22.28 | OVERSOLD | The low RSI value suggests HYFM may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests HYFM has a negative trend. |
| Stochastics (14,3) | 38.6 | NEUTRAL | The Stochastics value for HYFM is a neutral value. |
| Average True Range in percent/ATR (20) | 12.34 | HIGH VOLATILITY | The high ATR as a percentage value for HYFM suggests high volalility. |
| Average Directional Index/ADX (14) | 16.26 | NEGATIVE | The low ADX value for HYFM suggests a weak or negative 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)
3.03
-1.34 (-30.68%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg-30.68%
1 Week-33.7%
2 Weeks-32.37%
1 Month-32.52%
3 Month-20.26%
6 Month-10.35%
12 Month-50.33%
2 Year-75.16%
3 Year-84.38%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.37
ATR(20)%12.34%
ATR Inc231.15%
Range Today1.73
ADR(20)0.36
ADR(20)%11.96%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS5.9
Mansfield-4.36
10 Day High4.76
10 Day Low2.65
20 Day High4.78
20 Day Low2.65
52 Week High8.55
52 Week Low1.5
CS1 EndN/A
CR1 Start4.57
Volume & EV
DER(3)6.43%
DER(5)1.28%
Volume257.00K
Volume Incr699.14%
Vol(5)56.02K
Vol(50)13.65K