HNI CORP. - Daily - Technical analysis published on 01/27/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Neutral
Technical indicators
33%
28%
39%
My opinion
Bearish under 38.77 USD
My targets
36.72 USD (-1.53%)
35.43 USD (-4.99%)
My analysis
The current short-term bearish acceleration registered on HNI CORP. should quickly allow the basic trend to return to a bearish trend. To avoid contradicting the short term, traders could favour short positions (for sale) as long as the price remains well below 38.77 USD. Short-term sellers will use the support located at 36.72 USD as an objective. A bearish break of this support would revive the bearish momentum. The next bearish objective would then be set at 35.43 USD. Crossing this support would then open the door for sellers to target 33.24 USD. Caution, if there is a return to below 38.77 USD, it should not be forgotten that the basic trend is not yet clearly defined. Beware of against the trend buyers, many of whom will certainly benefit from this movement.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
FORCE
0
10
1.6
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
HNI CORP. rating 37.29 USD. On the day, this instrument lost -0.85% and was between 36.96 USD and 37.84 USD. This implies that the price is at +0.89% from its lowest and at -1.45% from its highest.36.96
37.84
37.29
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of HNI CORP. in Daily shows a neutral overall trend. The strong bearish signals currently being given by short-term moving averages could allow the overall trend to return to a bearish trend. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 33.24 | 35.43 | 36.72 | 37.29 | 37.54 | 38.77 | 40.21 |
| Change (%) | -10.86% | -4.99% | -1.53% | - | +0.67% | +3.97% | +7.83% |
| Change | -4.05 | -1.86 | -0.57 | - | +0.25 | +1.48 | +2.92 |
| Level | Major | Intermediate | Major | - | Major | Intermediate | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 36.43 | 36.75 | 37.18 | 37.50 | 37.93 | 38.25 | 38.68 |
| Camarilla | 37.40 | 37.47 | 37.54 | 37.61 | 37.68 | 37.75 | 37.82 |
| Woodie | 36.49 | 36.78 | 37.24 | 37.53 | 37.99 | 38.28 | 38.74 |
| Fibonacci | 36.75 | 37.04 | 37.21 | 37.50 | 37.79 | 37.96 | 38.25 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 34.69 | 35.54 | 36.98 | 37.83 | 39.27 | 40.12 | 41.56 |
| Camarilla | 37.78 | 37.99 | 38.20 | 38.41 | 38.62 | 38.83 | 39.04 |
| Woodie | 34.98 | 35.69 | 37.27 | 37.98 | 39.56 | 40.27 | 41.85 |
| Fibonacci | 35.54 | 36.42 | 36.96 | 37.83 | 38.71 | 39.25 | 40.12 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 31.98 | 34.49 | 35.98 | 38.49 | 39.98 | 42.49 | 43.98 |
| Camarilla | 36.36 | 36.73 | 37.09 | 37.46 | 37.83 | 38.19 | 38.56 |
| Woodie | 31.46 | 34.24 | 35.46 | 38.24 | 39.46 | 42.24 | 43.46 |
| Fibonacci | 34.49 | 36.02 | 36.97 | 38.49 | 40.02 | 40.97 | 42.49 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 43.33 | |
| MACD (12,26,9): | -0.2000 | |
| Directional Movement: | -5.50 | |
| AROON (14): | 35.72 | |
| DEMA (21): | 37.40 | |
| Parabolic SAR (0,02-0,02-0,2): | 38.69 | |
| Elder Ray (13): | -0.22 | |
| Super Trend (3,10): | 38.63 | |
| Zig ZAG (10): | 37.29 | |
| VORTEX (21): | 0.9600 | |
| Stochastique (14,3,5): | 52.88 | |
| TEMA (21): | 37.37 | |
| Williams %R (14): | -58.21 | |
| Chande Momentum Oscillator (20): | 0.46 | |
| Repulse (5,40,3): | -1.2600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1300 | |
| Courbe Coppock: | 2.00 |
| MA7: | 37.87 | |
| MA20: | 37.41 | |
| MA50: | 38.58 | |
| MA100: | 37.04 | |
| MAexp7: | 37.61 | |
| MAexp20: | 37.72 | |
| MAexp50: | 37.85 | |
| MAexp100: | 37.18 | |
| Price / MA7: | -1.53% | |
| Price / MA20: | -0.32% | |
| Price / MA50: | -3.34% | |
| Price / MA100: | +0.67% | |
| Price / MAexp7: | -0.85% | |
| Price / MAexp20: | -1.14% | |
| Price / MAexp50: | -1.48% | |
| Price / MAexp100: | +0.30% |
News
Don"t forget to follow the news on HNI CORP.. At the time of publication of this analysis, the latest news was as follows:
- Matt McCall Joins HNI Corporation as Vice President, Investor Relations and Corporate Development
- HNI Corporation Third Quarter Fiscal 2019 Results Conference Call
- HNI Corporation Elects New Director
- HNI Corporation Reports Earnings for Fourth Quarter and Fiscal Year 2018
- HNI Corporation Announces Presentation at Raymond James Investor Conference
This member declared not having a position on this financial instrument or a related financial instrument.
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