HYPERFINE INC (HYPR) Stock Technical Analysis
USA - NASDAQ:HYPR - US44916K1060 - Common Stock
Overall HYPR gets a technical rating of 0 out of 10. HYPR'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.
Although the technical rating is bad, HYPR does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 1.15. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 1.06, a Stop Loss order could be placed below this zone.
More info and screens
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2 important support areas can be observed.
- A support zone ranging from 1.06 to 1.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 1.02 to 1.02. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 1.15 to 1.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | DOWN | NEGATIVE | The short term trend for HYPR is down. |
| ChartMill Relative Strength | 33.69 | NEUTRAL | HYPR is not amongst the best or worst performers 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) | DOWN | NEGATIVE | The current price of HYPR is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of HYPR is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 41.66 | NEUTRAL | The RSI value for HYPR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests HYPR has a positive trend. |
| Stochastics (14,3) | 39.34 | NEUTRAL | The Stochastics value for HYPR is a neutral value. |
| Average True Range in percent/ATR (20) | 8.66 | HIGH VOLATILITY | The high ATR as a percentage value for HYPR suggests high volalility. |
| Average Directional Index/ADX (14) | 25.91 | POSITIVE | The high ADX value value for HYPR suggests a strong trend. |
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HYPERFINE INC / HYPR FAQ
What is the technical rating for HYPR stock?
ChartMill assigns a technical rating of 0 / 10 to HYPR.
What is the trend direction for HYPR stock?
The current trend direction for HYPERFINE INC (HYPR) is Bearish.
What is the RSI signal for HYPERFINE INC (HYPR) stock?
HYPERFINE INC (HYPR) has an RSI value of 41.6583. This indicates that the stock is currently neutral.
What is the MACD signal for HYPR stock?
The MACD indicator for HYPERFINE INC (HYPR) has a value of 0.00982314, indicating a bearish trend.
What is the short term momentum for HYPR stock?
The short term momentum for HYPERFINE INC (HYPR) is negative.