HCKT - The Hackett Group

Industry: Management Services Sector: Services Exchange: NASDAQ

HCKT - The Hackett Group

Industry: Management Services Sector: Services Exchange: NASDAQ
#90()/7023

Tue 07'th Aug 2018

PERIOD 2018-05-08 - 2018-08-07
CHANGE 1.16%
PRICE $18.32
VOLUME
Buy
TREND
Buy

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Buy

0.00%

The Hackett Group Stock Analysis

Technical stock analysis for Tue 07'th Aug 2018

Buy candidate since 2018-07-31 Gain 1.61%
Shorts 1.62% ( 2018-07-13 )
Cash 30.6 mill
Loans n/a
Beta 0.95
ROA 14.24

The Hackett Group gained 1.16% in the last trading day, rising from $18.11 to $18.32, and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. The price has risen in 7 of the last 10 days and is up by 7.76% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 45 589 more shares were traded than the day before. In total, 118 665 shares bought and sold for approximately $2.17 million.

Trend

The Hackett Group has broken the weak rising the short-term trend up and an even stronger rising rate is indicated. For any reaction back there will now be support on the roof on the current trend broken at $17.64, a level that may pose a second chance to hit a runner. According to fan-theory $18.56 will be the next possible trend-top level and thereby pose a resistance level which may not be broken at the first attempt.

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Signals

Only positive signals in the chart today. The Hackett Group holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $17.96 and $16.85. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday July 30, 2018, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.

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Relative Strength Index (RSI)

The stock holds a RSI14 at 80 and is currently being overbought on RSI. This does not have to be a sales signal as many stocks may go both long and hard while being overbought on the RSI. It is therefore important to evaluate the history of the share as it may tell you something about the RSI-sensitiveness.

Access full RSI 14 and RSI 21 lists

Support & Resistance

The Hackett Group finds support from accumulated volume at $18.03.

Support: $18.03 Price: $18.32

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.26 (1.43%) between high and low. For the last week, the stock has had a daily average volatility of 2.62%.

The stock is extremely overbought on RSI14 (80). Normally this will pose a good selling opportunity, but since the stock has broken the trend up the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.

Our recommended stoploss: $17.62 (-3.82%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 80 and this increases the risk substantially. There is a buy signal from pivot bottom found 6 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

Several short-term signals are positive and the stock has broke the rising trend up, which indicates an even stronger rising rate. We conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term period. We have upgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Strong Buy Candidate.

Strong Buy Candidate

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