Technical Analysis for HOFT - Hooker Furniture Corporation

Grade Last Price % Change Price Change
C 17.72 0.85% 0.15
HOFT closed down 0.28 percent on Wednesday, November 20, 2024, on 63 percent of normal volume. It was able to find support at its 50 day moving average. It was able to bounce off of its 200 day moving average, an important long-term support line. The price action carved out a bullish hammer (or hammer-like) candlestick pattern. That may indicate an upside reversal. Look for price to trade above the high of the hammer for confirmation.
Earnings due: Dec 5
*** please verify all earnings dates ***
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Up Down

Date Alert Name Type % Chg
MACD Bearish Signal Line Cross Bearish 0.85%
20 DMA Support Bullish 0.85%
200 DMA Support Bullish 0.85%
50 DMA Support Bullish 0.85%
Hammer Candlestick Bullish 0.85%
Gapped Down Weakness 0.85%
200 DMA Support Bullish 0.57%
NR7 Range Contraction 0.57%
NR7-2 Range Contraction 0.57%
NR7 Range Contraction -0.67%

   Recent Intraday Alerts

Alert Time
Hammer Candlestick Entry 9 minutes ago
Rose Above Previous Day's High 9 minutes ago
Up 1% 9 minutes ago
200 DMA Support about 19 hours ago
60 Minute Opening Range Breakout about 19 hours ago

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Profile

Hooker Furniture Corporation Description

Hooker Furniture Corporation, a home furnishings marketing and logistics company, together with its subsidiaries, designs, imports, manufactures, and markets residential furniture products in North America. The company offers furniture in various materials, such as wood, metal, leather, and fabric, as well as veneer and other natural woven products. It operates in two segments, Casegoods and Upholstery. The Casegoods segment offers home entertainment, home office, accent, dining, and bedroom furniture under the Hooker Furniture brand, as well as private label products under retailers' brands. The Upholstery segment provides residential leather and fabric upholstered furniture comprising leather reclining and motion chairs, sofas, club chairs, and executive desk chairs under the Bradington-Young and Seven Seas by Bradington-Young brands; and upscale occasional chairs, settees, sofas, and other seating products under the Sam Moore brand. The company serves retailers of residential home furnishings, including independent furniture stores, specialty retailers, department stores, catalog and Internet merchants, interior designers, and national and regional retail chains. Hooker Furniture Corporation sells its products directly, as well as through independent sales representatives. The company was founded in 1924 and is headquartered in Martinsville, Virginia.


Classification

Sector: Consumer Cyclical
Industry: Home Furnishings & Fixtures
Keywords: Metals Textiles Department Store Furniture Leather Retail Chain Home Furnishings Upholstery Home Office Crafts Furniture Products Private Label Products Couch

Is HOFT 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 26.0678
52 Week Low 12.8981
Average Volume 23,689
200-Day Moving Average 17.53
50-Day Moving Average 17.14
20-Day Moving Average 17.37
10-Day Moving Average 18.08
Average True Range 0.79
RSI (14) 51.92
ADX 22.31
+DI 21.55
-DI 20.06
Chandelier Exit (Long, 3 ATRs) 17.03
Chandelier Exit (Short, 3 ATRs) 18.00
Upper Bollinger Bands 19.32
Lower Bollinger Band 15.42
Percent B (%b) 0.55
BandWidth 22.46
MACD Line 0.34
MACD Signal Line 0.37
MACD Histogram -0.0311
Fundamentals Value
Market Cap 187.5 Million
Num Shares 10.7 Million
EPS -0.68
Price-to-Earnings (P/E) Ratio -25.84
Price-to-Sales 0.55
Price-to-Book 1.13
PEG Ratio 0.83
Dividend 0.88
Dividend Yield 5.01%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 18.72
Resistance 3 (R3) 18.60 18.10 18.53
Resistance 2 (R2) 18.10 17.81 18.16 18.47
Resistance 1 (R1) 17.83 17.63 17.97 17.95 18.40
Pivot Point 17.33 17.33 17.40 17.39 17.33
Support 1 (S1) 17.07 17.04 17.20 17.19 16.74
Support 2 (S2) 16.57 16.86 16.62 16.67
Support 3 (S3) 16.30 16.57 16.61
Support 4 (S4) 16.42