HYPERFINE INC (HYPR) Technical Analysis
NASDAQ:HYPR • US44916K1060
Current stock price
HYPR Technical Rating and Analysis
Taking everything into account, HYPR scores 5 out of 10 in our technical rating. Although HYPR is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- In the last month HYPR has a been trading in the 1.01 - 1.39 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.
- HYPR is part of the Health Care Equipment & Supplies industry. There are 189 other stocks in this industry. HYPR outperforms 92% of them.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- Looking at the yearly performance, HYPR did better than 87% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
- HYPR is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so HYPR is lagging the market slightly.
HYPR Weekly and Daily overview Charts
HYPR Setup Rating and Analysis
Although the technical rating is only medium, HYPR does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 1.05, a Stop Loss order could be placed below this zone.
More info and screens
HYPR Support and Resistance Analysis
0.95
We found 3 important support areas.
- A support zone ranging from 1.04 to 1.05. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @1.01 from a trend line in the daily time frame.
- Support @0.96 from a horizontal line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 1.16 to 1.17. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 1.23 to 1.24. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1.31 from a horizontal line in the daily time frame.
HYPR 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 | NEUTRAL | NEUTRAL | The long term trend for HYPR is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for HYPR is neutral. |
| ChartMill Relative Strength | 87.4 | POSITIVE | HYPR has a high relative strength, it outperformed 87.4% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of HYPR is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of HYPR is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of HYPR is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 44.97 | NEUTRAL | The RSI value for HYPR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests HYPR has a negative trend. |
| Stochastics (14,3) | 23.23 | NEUTRAL | The Stochastics value for HYPR is a neutral value. |
| Average True Range in percent/ATR (20) | 8 | HIGH VOLATILITY | The high ATR as a percentage value for HYPR suggests high volalility. |
| Average Directional Index/ADX (14) | 21.69 | NEUTRAL | The ADX value for HYPR suggests a possible start of a new trend. |
HYPR Chart- and CandleStick Pattern Analysis
HYPR Technicals: Chart, Performance Metrics, Trend & Indicators
1.11
-0.01 (-0.89%)
HYPERFINE INC / HYPR TA FAQ
What is the technical rating for HYPR stock?
ChartMill assigns a technical rating of 5 / 10 to HYPR.
What is the current trend direction of HYPERFINE INC (HYPR) stock?
The current trend direction for HYPERFINE INC (HYPR) is Bearish.
What is the RSI signal for HYPR stock?
HYPERFINE INC (HYPR) has an RSI value of 44.9688. This indicates that the stock is currently neutral.
What are the support and resistance levels for HYPERFINE INC (HYPR) stock?
HYPERFINE INC (HYPR) has a support level at 1.05 and a resistance level at 1.16. Check the full technical report for our detailed analysis of HYPR support and resistance levels.