Technical Analysis for HLP - Hongli Group Inc.

Grade Last Price % Change Price Change
D 1.92 0.52% 0.01
HLP closed up 0.52 percent on Thursday, May 9, 2024, on 33 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. Due to the stock's strong uptrend, it may remain overbought for a while. So, if you're looking for a reason to sell, don't put too much weight on it being overbought.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Down Up Up

Date Alert Name Type % Chg
NR7 Range Contraction 0.00%
Narrow Range Bar Range Contraction 0.00%
Wide Bands Range Expansion 0.00%
Overbought Stochastic Strength 0.00%
Up 3 Days in a Row Strength 0.00%
Stochastic Reached Overbought Strength 0.52%
Wide Bands Range Expansion 0.52%
Overbought Stochastic Strength 0.52%
180 Bullish Setup Bullish Swing Setup 6.08%
Wide Bands Range Expansion 6.08%

   Recent Intraday Alerts

Alert Time
Possible NR7 about 9 hours ago
Rose Above Previous Day's High about 12 hours ago
Up 2% about 12 hours ago
Up 1% about 13 hours ago
Down 1% about 13 hours ago

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Profile

Hongli Group Inc. Description

Hongli Group Inc. is a Cayman Islands holding company with no operation on its own. The Company consolidates the financial results of Shandong Hongli Special Section Tube Co., Ltd. and its subsidiaries (collectively, the “VIE”) through a series of contractual arrangements. The VIE is one of the leading cold roll formed steel profile manufacturers with operating subsidiaries in China. The VIE designs, customizes and manufactures cold roll formed steel profiles for machineries and equipment in a variety of sectors, including but not limited to mining and excavation, construction, agriculture and transportation. The VIE has over 20 years operating history, with customers in more than 30 cities in China and a global network with South Korea, Japan, U.S. and Sweden. The VIE currently has 11 lines of cold roll forming production lines and produces a variety of distinct profile products in a broad range of materials, sizes and shapes.


Classification

Sector: Basic Materials
Industry: Steel
Keywords: Mining Metal Forming

Is HLP a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 5.54
52 Week Low 0.7174
Average Volume 128,281
200-Day Moving Average 2.10
50-Day Moving Average 1.39
20-Day Moving Average 1.51
10-Day Moving Average 1.79
Average True Range 0.17
RSI (14) 70.15
ADX 34.53
+DI 28.02
-DI 12.64
Chandelier Exit (Long, 3 ATRs) 1.44
Chandelier Exit (Short, 3 ATRs) 1.55
Upper Bollinger Bands 2.12
Lower Bollinger Band 0.90
Percent B (%b) 0.83
BandWidth 80.99
MACD Line 0.16
MACD Signal Line 0.11
MACD Histogram 0.0447
Fundamentals Value
Market Cap 23.75 Million
Num Shares 12.4 Million
EPS 0.15
Price-to-Earnings (P/E) Ratio 12.80
Price-to-Sales 1.19
Price-to-Book 1.15
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 2.03
Resistance 3 (R3) 2.03 1.99 2.01
Resistance 2 (R2) 1.99 1.96 1.99 2.00
Resistance 1 (R1) 1.95 1.94 1.97 1.96 2.00
Pivot Point 1.92 1.92 1.93 1.92 1.92
Support 1 (S1) 1.88 1.89 1.90 1.88 1.84
Support 2 (S2) 1.85 1.87 1.85 1.84
Support 3 (S3) 1.81 1.85 1.83
Support 4 (S4) 1.81