HYPR Technical Analysis - HYPERFINE INC

Technical Rating and Analysis

Taking everything into account, HYPR scores 7 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.

In the last month HYPR has a been trading in the 1.23 - 2.22 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.

The short term is neutral, but the long term trend is still positive. Not much to worry about for now.

HYPR is part of the Health Care Equipment & Supplies industry. There are 191 other stocks in this industry. HYPR outperforms 88% of them.

When comparing the yearly performance of all stocks, we notice that HYPR is one of the better performing stocks in the market, outperforming 89% of all stocks. However, this overall good ranking is mostly due to the recent strong move.

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

Setup Rating and Analysis

Although HYPR has an excellent technical rating, it does not present a decent entry opportunity 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

1.24

1.33

We found 1 important support area.

Support @1.25 from a trend line in the daily time frame.

We found 1 important resistance area.

A resistance zone ranging from 1.31 to 1.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

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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 HYPR is up.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for HYPR is neutral.
ChartMill Relative Strength	89.27	POSITIVE	HYPR has a high relative strength, it outperformed 89.27% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of HYPR is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	MIXED	The current price of HYPR is below the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of HYPR is above the rising SMA(200).
Relative Strength Index/RSI (14)	42.28	NEUTRAL	The RSI value for HYPR is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.03	NEGATIVE	The MACD value suggests HYPR has a negative trend.
Stochastics (14,3)	41.27	NEUTRAL	The Stochastics value for HYPR is a neutral value.
Average True Range in percent/ATR (20)	16.81	HIGH VOLATILITY	The high ATR as a percentage value for HYPR suggests high volalility.
Average Directional Index/ADX (14)	37.24	POSITIVE	The high ADX value value for HYPR suggests a strong trend.