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HEXO CORP (HEXO) Stock Technical Analysis

NASDAQ:HEXO - Nasdaq - CA4283044069 - Common Stock - Currency: USD

0.71  +0.02 (+2.45%)

After market: 0.69 -0.02 (-2.82%)

Technical Rating and Analysis

0

Taking everything into account, HEXO scores 0 out of 10 in our technical rating. HEXO scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, HEXO is a bad performer in the overall market: 97% of all stocks are doing better.
HEXO is part of the Pharmaceuticals industry. There are 194 other stocks in this industry, of which 79% are performing better than HEXO.
HEXO is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
In the last month HEXO has a been trading in the 0.66 - 1.28 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.
Weekly and Daily overview Charts
HEXO CORP / HEXO Weekly stock chart
HEXO CORP / HEXO Daily stock chart
Setup Rating and Analysis

3

The technical rating of HEXO 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.

Support and Resistance Analysis

0.70

1.36

When analyzing the resistance we notice one important area.

  • A resistance zone ranging from 1.34 to 1.35. This zone is formed by a combination of multiple trend lines in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS3.19
Mansfield-6.65
10 Day High0.97
10 Day Low0.66
20 Day High1.28
20 Day Low0.66
52 Week High3.84
52 Week Low0.66
Performance
1 Week-7.88%
2 Weeks-23.66%
1 Month-43.65%
3 Month-45.38%
6 Month-32.38%
12 Month-78.85%
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)-0.01
RSI(14)25.85
LBB0.64
UBB1.02
HEXO CORP / HEXO Daily stock chart

HEXO CORP

NASDAQ:HEXO (6/22/2023, 8:09:01 PM)

After market: 0.69 -0.02 (-2.82%)

0.71

+0.02 (+2.45%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg2.45%
1 Week-7.88%
2 Weeks-23.66%
1 Month-43.65%
3 Month-45.38%
6 Month-32.38%
12 Month-78.85%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.06
ATR(20)%9.83%
ATR Inc-12.84%
Range Today0.05
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
CRS3.19
Mansfield-6.65
10 Day High0.97
10 Day Low0.66
20 Day High1.28
20 Day Low0.66
52 Week High3.84
52 Week Low0.66
CS1 EndN/A
CR1 Start1.34
Volume & EV
DER(3)3.17%
DER(5)-0.04%
Volume305.50K
Volume Incr12.36%
Vol(5)451.42K
Vol(50)411.05K