HARDWOODS DISTRIBUTION INC (HDI.CA) Stock Technical Analysis
TSX:HDI - Toronto Stock Exchange - CA4124221074 - Common Stock - Currency: CAD
We assign a technical rating of 7 out of 10 to HDI. In the last year, HDI was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
HDI is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.
Both the short term and long term trends are positive. This is a very positive sign.
In the last month HDI has a been trading in the 26.75 - 30.50 range, which is quite wide. It is currently trading near the high of this range.
When comparing the performance of all stocks over the past year, HDI turns out to be only a medium performer in the overall market: it outperformed 62% of all stocks.
HDI is part of the Trading Companies & Distributors industry. There are 13 other stocks in this industry, HDI did better than 66% of them.
Volume is considerably higher in the last couple of days.
Besides having an excellent technical rating, HDI also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 28.74, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for HDI in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
26.92
35.31
2 important support areas can be observed.
- A support zone ranging from 28.02 to 28.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 27.19 to 27.44. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
We can see 4 important resistance areas.
- Resistance @29.58 from a horizontal line in the weekly time frame.
- Resistance @30.43 from a horizontal line in the daily time frame.
- Resistance @32.67 from a trend line in the daily time frame.
- Resistance @34.96 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS62.27
Mansfield-0.19
10 Day High30.5
10 Day Low28.4
20 Day High30.5
20 Day Low26.75
52 Week High49.58
52 Week Low22.66
Performance
1 Week0.24%
2 Weeks3.54%
1 Month8.12%
3 Month29.13%
6 Month-0.84%
12 Month-28.07%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.04
RSI(14)58.15
LBB27.98
UBB30.2
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 29.59 | 28.39 | 1.20 (4.06%) | 24.66% |
| An entry @29.59. This is a Buy Stop order right above the resistance zone. | An exit @28.39. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.20 points, which is 4.06%. | When investing 24.66% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
TSX:HDI (1/19/2023, 7:00:00 PM)
29.57
-0.11 (-0.37%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryTrading Companies & Distributors
Performance
% Chg-0.37%
1 Week0.24%
2 Weeks3.54%
1 Month8.12%
3 Month29.13%
6 Month-0.84%
12 Month-28.07%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.74
ATR(20)%2.8%
ATR Inc-18.27%
Range Today0.53
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
CRS62.27
Mansfield-0.19
10 Day High30.5
10 Day Low28.4
20 Day High30.5
20 Day Low26.75
52 Week High49.58
52 Week Low22.66
CS1 End28.74
CR1 Start29.58
Volume & EV
DER(3)13.97%
DER(5)13.32%
Volume40.53K
Volume Incr97.05%
Vol(5)77.70K
Vol(50)47.51K