Technical Analysis for 0EOF - Hexagon Composites ASA

Grade Last Price % Change Price Change
F 17.15 -3.71% -0.66
0EOF closed down 3.71 percent on Friday, April 19, 2024, on 2.21 times normal volume. It ran into resistance at its 50 day moving average. The bears made the stock sink to a new 52-week low. The price action carved out a bearish shooting star candlestick pattern. That may indicate a downside reversal. Look for price to trade beneath the low of the shooting star for confirmation. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.
Earnings due: May 8
*** 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 Down Down Down

Date Alert Name Type % Chg
20 DMA Resistance Bearish 0.00%
50 DMA Resistance Bearish 0.00%
New 52 Week Closing Low Bearish 0.00%
Shooting Star Candlestick Bearish 0.00%
Lizard Bearish Bearish Day Trade Setup 0.00%
Expansion Breakdown Bearish Swing Setup 0.00%
Expansion Pivot Sell Setup Bearish Swing Setup 0.00%
Reversal New Lows Setup Bearish Swing Setup 0.00%
New 52 Week Low Weakness 0.00%
Multiple of Ten Bearish Other 0.00%

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Profile

Hexagon Composites ASA Description

Hexagon Composites ASA, together with its subsidiaries, engages in the production and sale of composite pressure cylinders and fuel systems in Norway, Europe, North America, South-East Asia, the Middle East, and internationally. The company operates through four segments: Hexagon Agility, Hexagon Ragasco, Hexagon Digital Wave, and Hexagon Purus. The Hexagon Agility segment provides clean fuel solutions for commercial vehicles, passenger vehicles, and gaseous energy transportation. The Hexagon Ragasco segment manufacturers composite liquefied petroleum gas (LPG) cylinders for leisure, household, and industrial applications. The Hexagon Digital Wave segment offers cylinder testing and monitoring technology solutions that reduce down-time and inspection costs while improving inspection accuracy. Hexagon Purus segment provides high pressure cylinders, vehicle systems, and battery backs for fuel cell and battery electric vehicles that enable the safe and effective use of hydrogen and electricity as transportation fuel in various applications, including buses, distribution, refueling, rail, maritime, aerospace, and ground storage, as well as light, medium, and heavy-duty vehicles. Hexagon Composites ASA was incorporated in 1995 and is headquartered in Ålesund, Norway.


Classification

Keywords: Energy Electricity Aerospace Industrial Applications Technology Solutions Fuel Cell Hydrogen Economy Hydrogen Vehicle Hydrogen Technologies Computer Architecture Fuel Systems Petroleum Gas Vehicle Systems

Is 0EOF 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 40.18
52 Week Low 17.15
Average Volume 760
200-Day Moving Average 29.18
50-Day Moving Average 22.92
20-Day Moving Average 18.90
10-Day Moving Average 18.61
Average True Range 5.44
RSI (14) 24.24
ADX 16.73
+DI 2.54
-DI 5.38
Chandelier Exit (Long, 3 ATRs) 9.01
Chandelier Exit (Short, 3 ATRs) 33.46
Upper Bollinger Bands 20.12
Lower Bollinger Band 17.67
Percent B (%b) -0.21
BandWidth 12.97
MACD Line -1.33
MACD Signal Line -1.42
MACD Histogram 0.0888
Fundamentals Value
Market Cap 28.17 Million
Num Shares 164 Million
EPS -1.25
Price-to-Earnings (P/E) Ratio -13.70
Price-to-Sales 0.01
Price-to-Book 0.00
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 29.41
Resistance 3 (R3) 30.77 28.04 27.36
Resistance 2 (R2) 28.04 24.92 27.36 26.68
Resistance 1 (R1) 22.60 22.99 21.24 21.24 26.00
Pivot Point 19.87 19.87 19.19 19.19 19.87
Support 1 (S1) 14.43 16.75 13.07 13.07 8.30
Support 2 (S2) 11.70 14.82 11.02 7.62
Support 3 (S3) 6.26 11.70 6.94
Support 4 (S4) 4.90