Technical Analysis for HLP - Hongli Group Inc.

Grade Last Price % Change Price Change
D 1.87 -5.08% -0.10
HLP closed down 5.08 percent on Wednesday, July 3, 2024, on 28 percent of normal volume. It was able to find support at its 50 day moving average. The stock fell below its 200 day moving average, damaging its long-term outlook by crossing under that critical trendline.
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Trend Table & Recent EOD Trading Signals

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

Date Alert Name Type % Chg
Fell Below 20 DMA Bearish 0.00%
Fell Below 200 DMA Bearish 0.00%
50 DMA Support Bullish 0.00%
MACD Bearish Signal Line Cross Bearish -5.08%
Crossed Above 20 DMA Bullish -5.08%
Crossed Above 200 DMA Bullish -5.08%
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup -5.08%
Inside Day Range Contraction -5.08%
Fell Below 20 DMA Bearish -1.73%
Fell Below 200 DMA Bearish -1.73%

   Recent Intraday Alerts

Alert Time
Down 5% about 9 hours ago
Down 1 ATR about 9 hours ago
60 Minute Opening Range Breakdown about 11 hours ago
200 DMA Support about 11 hours ago
Fell Below Previous Day's Low about 11 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 86,027
200-Day Moving Average 1.92
50-Day Moving Average 1.82
20-Day Moving Average 1.95
10-Day Moving Average 2.04
Average True Range 0.16
RSI (14) 47.92
ADX 19.11
+DI 16.38
-DI 21.29
Chandelier Exit (Long, 3 ATRs) 1.77
Chandelier Exit (Short, 3 ATRs) 2.08
Upper Bollinger Bands 2.19
Lower Bollinger Band 1.71
Percent B (%b) 0.33
BandWidth 24.88
MACD Line 0.07
MACD Signal Line 0.09
MACD Histogram -0.0176
Fundamentals Value
Market Cap 23.14 Million
Num Shares 12.4 Million
EPS 0.15
Price-to-Earnings (P/E) Ratio 12.47
Price-to-Sales 1.19
Price-to-Book 1.15
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 2.20
Resistance 3 (R3) 2.22 2.12 2.15
Resistance 2 (R2) 2.12 2.04 2.12 2.13
Resistance 1 (R1) 2.00 1.99 1.95 1.98 2.11
Pivot Point 1.90 1.90 1.88 1.90 1.90
Support 1 (S1) 1.78 1.82 1.73 1.76 1.63
Support 2 (S2) 1.68 1.77 1.68 1.61
Support 3 (S3) 1.56 1.68 1.60
Support 4 (S4) 1.54