HYLN Technical Analysis - HYLIION HOLDINGS CORP

Technical Rating and Analysis

We assign a technical rating of 8 out of 10 to HYLN. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, HYLN is only an average performer.

The long and short term trends are both positive. This is looking good!

In the last month HYLN has a been trading in the 1.57 - 2.42 range, which is quite wide. It is currently trading near the high of this range.

HYLN has an average volume of 1157500 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

When comparing the yearly performance of all stocks, we notice that HYLN is one of the better performing stocks in the market, outperforming 72% of all stocks. However, this overall good ranking is mostly due to the recent strong move.

HYLN is part of the Electrical Equipment industry. There are 93 other stocks in this industry, HYLN did better than 44% of them.

HYLN is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so HYLN is lagging the market.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

HYLIION HOLDINGS CORP / HYLN Weekly stock chart

HYLIION HOLDINGS CORP / HYLN Daily stock chart

Setup Rating and Analysis

Although HYLN has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

1.35

2.47

We found 5 important support areas.

A support zone ranging from 2.23 to 2.25. This zone is formed by a combination of multiple trend lines in the daily time frame.
A support zone ranging from 2.05 to 2.12. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 1.94 to 1.96. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Support @1.79 from a trend line in the daily time frame.
Support @1.36 from a trend line in the weekly time frame.

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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	UP	POSITIVE	The long term trend for HYLN is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for HYLN is up.
ChartMill Relative Strength	72.95	POSITIVE	HYLN has a high relative strength, it outperformed 72.95% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of HYLN is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of HYLN is above the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	MIXED	The current price of HYLN is above a declining SMA(200).
Relative Strength Index/RSI (14)	58.88	NEUTRAL	The RSI value for HYLN is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0	NEGATIVE	The MACD value suggests HYLN has a negative trend.
Stochastics (14,3)	51.86	NEUTRAL	The Stochastics value for HYLN is a neutral value.
Average True Range in percent/ATR (20)	7.01	HIGH VOLATILITY	The high ATR as a percentage value for HYLN suggests high volalility.
Average Directional Index/ADX (14)	30.48	POSITIVE	The high ADX value value for HYLN suggests a strong trend.