HLN Technical Analysis

Technical Analysis of HLN Stock

Price Action and Volume:

• Close Price: 10.28
• Volume: 9,109,232
  The stock closed slightly lower than its open, indicating mild selling pressure, but the volume remains robust, suggesting continued investor interest.

Technical Indicators:

• RSI:

  • RSI_6: 47.54
  • RSI_12: 53.27
  • RSI_14: 54.10
    The RSI values are below 70, indicating the stock is not overbought. The RSI_14 being above 50 suggests some upward momentum.

• MACD:

  • MACD Line: 0.12
  • Signal Line: -0.03
  • Histogram: 0.15
    The MACD line is above the signal line, a bullish sign, with a positive histogram indicating upward momentum.

• Stochastic Oscillator:

  • %K: 43.16
  • %D: 48.84
    The %K and %D are in the lower half, suggesting the stock is in a bearish zone or consolidating.

• Bollinger Bands:

  • BBM: 10.30
  • BB Lower: 9.74
  • BB Upper: 10.87
    The stock is trading near the middle band, indicating a neutral position but with potential to move towards the upper band.

• Fibonacci Levels:

  • Pivot: 10.27
  • Resistance (R1, R2, R3): 10.47, 10.59, 10.78
  • Support (S1, S2, S3): 10.08, 9.96, 9.76
    The stock is near the pivot point, suggesting it may find support around this level.

Conclusion:

The mixed signals from the indicators suggest caution, but the bullish MACD and proximity to the Bollinger Bands' middle line indicate potential for an upward move. The stock is near the pivot point, which could act as support.

Recommendation:
Buy HLN at 10.29 with a target price of 10.87 and a stop-loss at 9.74.