Technical Analysis for HLP - Hongli Group Inc.

Grade Last Price % Change Price Change
C 2.68 12.13% 0.29
HLP closed up 12.13 percent on Friday, June 2, 2023, on 1.91 times normal volume.

Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong N/A N/A Up

Date Alert Name Type % Chg
Crossed Above 20 DMA Bullish 0.00%
Pocket Pivot Bullish Swing Setup 0.00%
Above Upper BB Strength 0.00%
Upper Bollinger Band Touch Strength 0.00%
20 DMA Resistance Bearish 12.13%
1,2,3 Pullback Bullish Bullish Swing Setup 12.13%
Narrow Range Bar Range Contraction 12.13%
20 DMA Resistance Bearish 9.39%
Narrow Range Bar Range Contraction 9.39%
Narrow Range Bar Range Contraction 12.13%

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Alert Time
2x Volume Pace 2 days ago
3x Volume Pace 2 days ago
Possible Pocket Pivot 2 days ago
Up 1 ATR 2 days ago
Rose Above 20 DMA 2 days 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 8.68
52 Week Low 2.2342
Average Volume 383,175
200-Day Moving Average 0.00
50-Day Moving Average 0.00
20-Day Moving Average 2.46
10-Day Moving Average 2.44
Average True Range 0.35
RSI (14) 49.49
ADX 38.17
+DI 34.31
-DI 12.99
Chandelier Exit (Long, 3 ATRs) 2.21
Chandelier Exit (Short, 3 ATRs) 3.27
Upper Bollinger Bands 2.66
Lower Bollinger Band 2.26
Percent B (%b) 1.05
BandWidth 16.16
MACD Line -0.18
MACD Signal Line -0.23
MACD Histogram 0.0503
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 3.31
Resistance 3 (R3) 3.27 3.03 3.21
Resistance 2 (R2) 3.03 2.87 3.05 3.17
Resistance 1 (R1) 2.85 2.77 2.94 2.89 3.13
Pivot Point 2.61 2.61 2.65 2.63 2.61
Support 1 (S1) 2.43 2.45 2.52 2.47 2.23
Support 2 (S2) 2.19 2.35 2.21 2.19
Support 3 (S3) 2.01 2.19 2.16
Support 4 (S4) 2.05