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HL Acquisitions Corp. (HCCH)

HL Acquisitions stock forecast: buy or sell

Close on Sep 28th, 2020
$10.95 0.02%
3 months performance
-0.16%
Published: September 28th, 2020 - 7.45pm EDT

HL Acquisitions stock outlook

  • HL Acquisitions closed today at $10.95 (1.86%) prior to presenting earnings at
  • , HL Acquisitions posted its Q2 financial report
  • HL Acquisitions Corp. does not have significant operations.

Important:
The viewpoints given in this post are personal and not recommendations for you to buy or sell stocks. The author of this text does not know the particular circumstances of the reader, his or her own finances or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Opinions are expressed for learning motives only

HL Acquisitions stock charts

Should I buy HL Acquisitions stock?

Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is HCCH stock a buy?

In the current situation of HL Acquisitions there is not any eligible buy setup. This doesn't mean we expect a selloff for HCCH in coming sessions, or that it may not rise higher. Simply, it doesn't match our recommended trading systems

Should I sell HL Acquisitions stock?

Knowing when to sell a stock is even more difficult than knowing when to buy it. Trading strategies help us to avoid rash decisions based on our feelings or the noise that surrounds the market. When selling, as well as buying, our setups are very easy to use and are only valid for selling stocks you already own, not for selling short HL Acquisitions stock

A guiding principle is that you must never keep a trade that shows a greater losses than those expected by the time of the buy. The timing to sell your stock always has to be ruled by the stop-loss (automatic or manual)

Is it time to sell HL Acquisitions stock?

In the current situation of HL Acquisitions there is not any eligible sell setup, so HL Acquisitions stock holders with operations in profit can keep their positions

Analysts' recommendations to buy or sell HL Acquisitions stock

Brokerage firms and financial institutions post stock ratings based on their views of the market and the fundamental and technical situation of the analyzed stock. Unfortunately, the accuracy of these predictions is not very high, and certainly not a direct buy or sell signal

We don't have any rating posted in the previous 30 days for HL Acquisitions

Technical analysis

SMAs overview

A favorite tool of many traders are the moving averages, that easily show trend momentum. A moving average is the average price of a stock over a set period of time. Moving averages are usually calculated on different periods depending on the trading timeframe 21, 50, 100 and 200 days are the most usual moving averages. Learn more about Moving Averages from sources like Wikipedia and Investopedia

HCCH SMAs chart

Supports and resistances

Traders use supports and resistances to find price points on a chart that tend to work as obstacles, preventing the price of an asset to move in certain direction. Supports are levels where the price tends to stop as it falls. Price is more likely to "rebound" this level rather than break through it. However, if the price breaks down the support, it is likely to continue declining until meeting another support level. On the other side, a resistance level is where the price tends to find opposition as it moves up. In the same way, the price is more liable to "rebound" at this level, and if it finally breaks this level, it will rise easily until it finds the next resistance

The current resistance levels are:

  • R1: $11.49 (4.93% above)
  • R2: $11.90 (8.68% above)
  • R3: $13.40 (22.37% above)
  • The current supports are:

  • S1: $10.60 (-3.2% below)
  • S2: $10.50 (-4.11% below)
  • S3: $10.49 (-4.2% below)
  • Bollinger bands

    This is an indicator that was created in the 1980s by John Bollinger. It is composed of 3 bands that are drawn superimposed on the price evolution chart:

    • The central band is a moving average, usually a simple moving average calculated with 20 periods
    • The upper band is calculated by adding to the value of the simple moving average 2 times the standard deviation of the moving average
    • The lower band is calculated by subtracting from the simple moving average 2 times the standard deviation of the moving average

    Since the price surpassed the upper band on September 15, the price has corrected downwards by 6.57%

    HCCH RSI chart

    Relative strength index

    The relative strength index (RSI) is a technical indicator used in the analysis of financial markets. It is intended to plot the current and past weakness or strength of a stock or market based on the closing prices of a recent trading period. Oscillator indicators, such as relative strength, are designed to indicate values in the range of 0-100. The relative strength indicator is one of the best known and most widely used indicators, and it was invented by J. Welles Wilder in the late 1970s

    The RSI dropped below the overbought level of 70 on September 15 after just crossing to the overbough zone for just one day (weak signal). The RSI value today was 50.63. HL Acquisitions price collapsed a 5.85% since RSI lost the overbought zone

    HCCH RSI chart

    Earnings and financials

    HL Acquisitions Corp. (HCCH) published quarterly earnings of $0.00 per share, matching the analysts consensus estimate of $0.00 per share. The company said revenue for this quarter was $0.00 consistent with the market forecasts as well.

    This compares to earnings of $-0.06 per share a year ago, so current EPS is a gain of 100%. Looking at sales, figures slightly moved compared to $0.00 same quarter 12 months ago.

    HL Acquisitions is hosting the quarterly earnings call. Financial reporting day has an additional risk for traders as the results published can gap up or down the price with lower volume and not respecting your buy/stop-loss orders. Have a look company's website to confirm time and details on the earnings call and the earnings report.

    HCCH revenues and profits chart