Technical Analysis for HLP - Hongli Group Inc.

Grade Last Price % Change Price Change
F 1.78 -2.20% -0.04
HLP closed down 2.2 percent on Friday, December 8, 2023, on 35 percent of normal volume. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.
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Trend Table & Recent EOD Trading Signals

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

Date Alert Name Type % Chg
Wide Bands Range Expansion 0.00%
Down 3 Days in a Row Weakness 0.00%
Down 4 Days in a Row Weakness 0.00%
Oversold Stochastic Weakness 0.00%
Wide Bands Range Expansion -2.20%
Down 3 Days in a Row Weakness -2.20%
Oversold Stochastic Weakness -2.20%
Fell Below 50 DMA Bearish -19.09%
MACD Bearish Centerline Cross Bearish -19.09%
Wide Bands Range Expansion -19.09%

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Alert Time
Down 5% 2 days ago
Down 3% 2 days ago
Fell Below Previous Day's Low 2 days ago
Down 2 % 2 days ago
Down 1% 2 days ago

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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.


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


Indicator Value
52 Week High 8.68
52 Week Low 1.002
Average Volume 439,295
200-Day Moving Average 0.00
50-Day Moving Average 2.45
20-Day Moving Average 3.37
10-Day Moving Average 2.62
Average True Range 0.59
RSI (14) 37.89
ADX 34.11
+DI 16.24
-DI 31.52
Chandelier Exit (Long, 3 ATRs) 3.77
Chandelier Exit (Short, 3 ATRs) 3.45
Upper Bollinger Bands 5.35
Lower Bollinger Band 1.39
Percent B (%b) 0.1
BandWidth 117.54
MACD Line -0.19
MACD Signal Line 0.10
MACD Histogram -0.2848
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 2.52
Resistance 3 (R3) 2.57 2.37 2.40
Resistance 2 (R2) 2.37 2.18 2.35 2.36
Resistance 1 (R1) 2.07 2.06 1.97 2.03 2.32
Pivot Point 1.87 1.87 1.82 1.85 1.87
Support 1 (S1) 1.58 1.69 1.48 1.53 1.24
Support 2 (S2) 1.38 1.57 1.36 1.20
Support 3 (S3) 1.09 1.38 1.16
Support 4 (S4) 1.04