HYPR Technical Analysis - HYPERFINE INC

Technical Rating and Analysis

Overall HYPR gets a technical rating of 5 out of 10. 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.

HYPR is one of the better performing stocks in the Health Care Equipment & Supplies industry, it outperforms 84% of 190 stocks in the same industry.

The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.

When comparing the yearly performance of all stocks, we notice that HYPR is one of the better performing stocks in the market, outperforming 84% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.

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

HYPR has an average technical rating and it also does not offer a high quality setup 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

1.25

1.32

We found 1 important support area.

A support zone ranging from 1.26 to 1.27. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice one important area.

A resistance zone ranging from 1.29 to 1.31. 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	DOWN	NEGATIVE	The short term trend for HYPR is down.
ChartMill Relative Strength	84.13	POSITIVE	HYPR has a high relative strength, it outperformed 84.13% 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)	DOWN	NEGATIVE	The current price of HYPR is below a declining 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)	41.81	NEUTRAL	The RSI value for HYPR is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.07	NEGATIVE	The MACD value suggests HYPR has a negative trend.
Stochastics (14,3)	6.4	OVERSOLD	The low Stochastics value suggests HYPR may be oversold.
Average True Range in percent/ATR (20)	16.83	HIGH VOLATILITY	The high ATR as a percentage value for HYPR suggests high volalility.
Average Directional Index/ADX (14)	34.73	POSITIVE	The high ADX value value for HYPR suggests a strong trend.