HORIZON THERAPEUTICS PLC (HZNP) Technical Analysis
NASDAQ:HZNP • IE00BQPVQZ61
Current stock price
HZNP Technical Rating and Analysis
Overall HZNP gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, HZNP is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- HZNP is one of the better performing stocks in the Biotechnology industry, it outperforms 86% of 516 stocks in the same industry.
- HZNP is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- HZNP has an average volume of 3137090 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Looking at the yearly performance, HZNP did better than 96% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
- In the last month HZNP has a been trading in a tight range between 114.75 and 116.38.
- Volume is considerably higher in the last couple of days.
HZNP Weekly and Daily overview Charts
HZNP Setup Rating and Analysis
Although HZNP has an excellent technical rating, it 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.
More info and screens
HZNP Support and Resistance Analysis
95.38
5 important support areas can be observed.
- A support zone ranging from 113.80 to 115.88. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 108.44 to 110.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @103.16 from a horizontal line in the daily time frame.
- A support zone ranging from 98.98 to 99.35. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @96.34 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 116.31 to 116.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
HZNP 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 HZNP is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for HZNP is up. |
| ChartMill Relative Strength | 96.67 | POSITIVE | HZNP has a high relative strength, it outperformed 96.67% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of HZNP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of HZNP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of HZNP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 83.96 | OVERBOUGHT | The high RSI value suggests HZNP may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.34 | NEGATIVE | The MACD value suggests HZNP has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 95.81 | OVERBOUGHT | The high Stochastics value suggests HZNP may be overbought. |
| Average True Range in percent/ATR (20) | 0.21 | LOW VOLATILITY | The low ATR as a percentage value for HZNP suggests low volalility. |
| Average Directional Index/ADX (14) | 65.64 | POSITIVE | The high ADX value value for HZNP suggests a strong trend. |
HZNP Chart- and CandleStick Pattern Analysis
HZNP Technicals: Chart, Performance Metrics, Trend & Indicators
116.3
+0.05 (+0.04%)
HORIZON THERAPEUTICS PLC / HZNP TA FAQ
What is the technical rating for HZNP stock?
ChartMill assigns a technical rating of 8 / 10 to HZNP.
What is the trend direction for HZNP stock?
The current trend direction for HORIZON THERAPEUTICS PLC (HZNP) is Bullish.
Can you provide the RSI signal for HORIZON THERAPEUTICS PLC?
HORIZON THERAPEUTICS PLC (HZNP) has an RSI value of 83.9601. This indicates that the stock is currently overbought.
What is the short term momentum for HZNP stock?
The short term momentum for HORIZON THERAPEUTICS PLC (HZNP) is positive.
Can you provide the buy/sell signal for HORIZON THERAPEUTICS PLC?
The buy/sell signal for HORIZON THERAPEUTICS PLC (HZNP) is buy as both the short term and long term trends are positive.