HYRECAR INC (HYRE) Technical Analysis
NASDAQ:HYRE • US44916T1079
Current stock price
HYRE Technical Rating and Analysis
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.
- 98% of all other stocks performed better in the past year than HYRE.
- HYRE is part of the Ground Transportation industry. There are 42 other stocks in this industry, of which 90% 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.
HYRE Weekly and Daily overview Charts
HYRE Setup Rating and Analysis
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.
More info and screens
HYRE Support and Resistance Analysis
0.46
When analyzing the resistance we notice 2 important 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.
HYRE 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 | DOWN | NEGATIVE | The long term trend for HYRE is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for HYRE is neutral. |
| ChartMill Relative Strength | 2.25 | NEGATIVE | HYRE has a low relative strength, it was outperformed by 97.75% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of HYRE is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of HYRE is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of HYRE is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 37.47 | NEUTRAL | The RSI value for HYRE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests HYRE has a negative trend. |
| Stochastics (14,3) | 5.67 | OVERSOLD | The low Stochastics value suggests HYRE may be oversold. |
| Average True Range in percent/ATR (20) | 10.15 | HIGH VOLATILITY | The high ATR as a percentage value for HYRE suggests high volalility. |
| Average Directional Index/ADX (14) | 20.41 | NEUTRAL | The ADX value for HYRE suggests a possible start of a new trend. |
HYRE Chart- and CandleStick Pattern Analysis
HYRE Technicals: Chart, Performance Metrics, Trend & Indicators
0.46
-0.02 (-3.46%)
HYRECAR INC / HYRE TA FAQ
What is the technical rating for HYRE stock?
ChartMill assigns a technical rating of 0 / 10 to HYRE.
Can you provide the trend direction for HYRECAR INC?
The current trend direction for HYRECAR INC (HYRE) is Bearish.
What is the RSI signal for HYRE stock?
HYRECAR INC (HYRE) has an RSI value of 37.4677. This indicates that the stock is currently neutral.
What is the short term momentum for HYRE stock?
The short term momentum for HYRECAR INC (HYRE) is 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.