HANGER INC (HGR) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:HGR - US41043F2083
We assign a technical rating of 1 out of 10 to HGR. HGR scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, HGR does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. We notice that large players showed an interest for HGR in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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12.75
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 12.89 to 12.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @14.91 from a trend line in the weekly time frame.
- Resistance @17.28 from a trend line in the daily time frame.
- Resistance @18.61 from a trend line in the weekly time frame.
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 HGR is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for HGR is neutral. |
| ChartMill Relative Strength | 8.12 | NEGATIVE | HGR has a low relative strength, it was outperformed by 91.88% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of HGR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of HGR is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of HGR is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.88 | NEUTRAL | The RSI value for HGR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.17 | POSITIVE | The MACD value suggests HGR has a positive trend. |
| Stochastics (14,3) | 77.09 | NEUTRAL | The Stochastics value for HGR is a neutral value. |
| Average True Range in percent/ATR (20) | 3.95 | MEDIUM VOLATILITY | The ATR as a percentage value for HGR suggests some volalility. |
12.88
+0.08 (+0.63%)
HANGER INC / HGR FAQ
What is the ChartMill technical rating of HANGER INC (HGR) stock?
ChartMill assigns a technical rating of 1 / 10 to HGR.
What is the trend direction for HGR stock?
The current trend direction for HANGER INC (HGR) is Bearish.
What is the RSI signal for HGR stock?
HANGER INC (HGR) has an RSI value of 48.884. This indicates that the stock is currently neutral.
What is the MACD signal for HANGER INC (HGR) stock?
The MACD indicator for HANGER INC (HGR) has a value of 0.17132, indicating a bearish trend.