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HYRECAR INC (HYRE) Stock Technical Analysis

USA - NASDAQ:HYRE - US44916T1079 - Common Stock

0.46 USD
-0.02 (-3.46%)
Last: 2/2/2023, 8:03:32 PM
0.48 USD
+0.02 (+4.35%)
After Hours: 2/2/2023, 8:03:32 PM
Technical Rating and Analysis

0

Taking everything into account, HYRE scores 0 out of 10 in our technical rating. HYRE'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.

The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, HYRE is a bad performer in the overall market: 98% of all stocks are doing better.
HYRE is part of the Ground Transportation industry. There are 42 other stocks in this industry, of which 80% are performing better than HYRE.
HYRE is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month HYRE has a been trading in the 0.45 - 0.64 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.

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Weekly and Daily overview Charts
HYRECAR INC / HYRE Weekly stock chart
HYRECAR INC / HYRE Daily stock chart
Setup Rating and Analysis

3

The technical rating of HYRE is bad and it also does not present a 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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Support and Resistance Analysis

0.46

0.56

We can see 2 important resistance areas.

  • A resistance zone ranging from 0.51 to 0.51. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
  • Resistance @0.55 from a trend line in the daily 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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorDOWNNEGATIVEThe long term trend for HYRE is down.
ChartMill Short Term Trend IndicatorNEUTRALNEUTRALThe short term trend for HYRE is neutral.
ChartMill Relative Strength2.25NEGATIVEHYRE has a low relative strength, it was outperformed by 97.75% off all stocks on the market.
Simple Moving Average/SMA (20)DOWNNEGATIVEThe current price of HYRE is below a declining SMA(20).
Simple Moving Average/SMA (50)DOWNNEGATIVEThe current price of HYRE is below a declining SMA(50).
Simple Moving Average/SMA (200)DOWNNEGATIVEThe current price of HYRE is below a declining SMA(200).
Relative Strength Index/RSI (14)37.47NEUTRALThe RSI value for HYRE is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)-0.01NEGATIVEThe MACD value suggests HYRE has a negative trend.
Stochastics (14,3)5.67OVERSOLDThe low Stochastics value suggests HYRE may be oversold.
Average True Range in percent/ATR (20)10.15HIGH VOLATILITYThe high ATR as a percentage value for HYRE suggests high volalility.
Average Directional Index/ADX (14)20.41NEUTRALThe ADX value for HYRE suggests a possible start of a new trend.
Chart- and CandleStick Pattern Analysis
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)

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HYRECAR INC / HYRE Daily stock chart

HYRECAR INC

NASDAQ:HYRE (2/2/2023, 8:03:32 PM)

After market: 0.48 +0.02 (+4.35%)

0.46

-0.02 (-3.46%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryGround Transportation
Performance
% Chg-3.46%
1 Week-8%
2 Weeks-14.89%
1 Month-8%
3 Month-38.87%
6 Month-45.24%
12 Month-86.31%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.04
ATR(20)%10.15%
ATR Inc23.93%
Range Today0.06
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS2.25
3 months CRSN/A
6 months CRSN/A
Mansfield-6
10 Day High0.58
10 Day Low0.46
20 Day High0.64
20 Day Low0.45
52 Week High3.57
52 Week Low0.35
CS1 EndN/A
CR1 Start0.51
Volume & EV
DER(3)-10.53%
DER(5)-9.86%
Volume411.40K
Volume Incr-21.56%
Vol(5)228.22K
Vol(50)244.87K

HYRECAR INC / HYRE FAQ

What is the technical rating for HYRE stock?

ChartMill assigns a technical rating of 0 / 10 to HYRE.


What is the current trend direction of HYRECAR INC (HYRE) stock?

The current trend direction for HYRECAR INC (HYRE) is Bearish.


Can you provide the RSI signal for HYRECAR INC?

HYRECAR INC (HYRE) has an RSI value of 37.4677. This indicates that the stock is currently neutral.


What is the support and resistance level for HYRE stock?

HYRECAR INC (HYRE) has a resistance level at 0.51. Check the full technical report for our detailed analysis of HYRE support and resistance levels.