HEXO CORP.

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	HEXO
ISIN:	CA4283043079

HEXO CORP. - Daily - Technical analysis published on 06/10/2020 (GMT)

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Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

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HEXO CORP. Chart

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Bullish

Technical indicators

89%

My opinion

Bullish above 0.88 USD

My targets

1.13 USD (+3.76%)

1.37 USD (+25.87%)

My analysis

HEXO CORP. is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.88 USD. The next resistance located at 1.13 USD is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 1.37 USD. After this resistance, buyers could then target 1.54 USD.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

FORCE

6.3

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by BogdanFl.

Additional analysis

Quotes

The HEXO CORP. rating is 1.09 USD. The price registered a decrease of -8.40% on the session with the lowest point at 1.05 USD and the highest point at 1.29 USD. The deviation from the price is +3.81% for the low point and -15.50% for the high point.

1.05

1.29

1.09

A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.

Opening Gap UP

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Volumes scanner notes the presence of abnormal volumes:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Abnormal volumes

Timeframe : 50 days

Technical

Technical analysis of this Daily chart of HEXO CORP. indicates that the overall trend is bullish. The signals returned by the moving averages are 67.86% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Bullish trend reversal : adaptative moving average 100

Type : Bullish

Timeframe : Daily

Moving Average bullish crossovers : AMA20 & AMA50

Type : Bullish

Timeframe : Daily

Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : Daily

The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Daily

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

Ichimoku : price is over the cloud

Type : Bullish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Near horizontal support

Type : Bullish

Timeframe : Daily

For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of these bullish patterns in Japanese candlesticks:

Upside gap

Type : Bullish

Timeframe : Daily

Long white line

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S2	S1	Price	R1	R2	R3
ProTrendLines	0.36	0.74	1.09	1.54	2.36	3.14
Change (%)	-66.61%	-32.20%	-	+41.56%	+116.24%	+188.07%
Change	-0.73	-0.35	-	+0.45	+1.27	+2.05
Level	Intermediate	Major	-	Intermediate	Intermediate	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.64	0.75	0.97	1.08	1.30	1.41	1.63
Camarilla	1.10	1.13	1.16	1.19	1.22	1.25	1.28
Woodie	0.70	0.78	1.03	1.11	1.36	1.44	1.69
Fibonacci	0.75	0.88	0.95	1.08	1.21	1.28	1.41

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.52	0.58	0.70	0.76	0.88	0.94	1.06
Camarilla	0.76	0.77	0.79	0.81	0.82	0.84	0.86
Woodie	0.54	0.59	0.72	0.77	0.90	0.95	1.08
Fibonacci	0.58	0.65	0.69	0.76	0.83	0.87	0.94

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	-0.10	0.15	0.39	0.64	0.88	1.13	1.37
Camarilla	0.50	0.54	0.59	0.63	0.68	0.72	0.77
Woodie	-0.10	0.15	0.39	0.64	0.88	1.13	1.37
Fibonacci	0.15	0.34	0.45	0.64	0.83	0.94	1.13

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	69.67
MACD (12,26,9):	0.1000
Directional Movement:	44.36
AROON (14):	92.86
DEMA (21):	0.84
Parabolic SAR (0,02-0,02-0,2):	0.64
Elder Ray (13):	0.38
Super Trend (3,10):	0.78
Zig ZAG (10):	1.09
VORTEX (21):	1.0900
Stochastique (14,3,5):	85.05
TEMA (21):	0.95
Williams %R (14):	-24.69
Chande Momentum Oscillator (20):	0.57
Repulse (5,40,3):	8.5200
ROCnROLL:	1
TRIX (15,9):	1.2700
Courbe Coppock:	119.01

MA7:	0.84
MA20:	0.67
MA50:	0.60
MA100:	0.88
MAexp7:	0.89
MAexp20:	0.73
MAexp50:	0.71
MAexp100:	1.00
Price / MA7:	+29.76%
Price / MA20:	+62.69%
Price / MA50:	+81.67%
Price / MA100:	+23.86%
Price / MAexp7:	+22.47%
Price / MAexp20:	+49.32%
Price / MAexp50:	+53.52%
Price / MAexp100:	+9.00%

Quotes : 2020-06-09 19:59:59 - 15 min delayed data - NYSE Stocks

This member declared not having a position on this financial instrument or a related financial instrument.

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