HL Acquisitions Corp. (HCCH)

HL Acquisitions stock forecast: buy or sell

HL Acquisitions stock outlook

  • HL Acquisitions closed yesterday at $11.94 (-1.57%) prior to reporting financial results at
  • The stock is configuring an uptrend pattern since October 2018, when it bottomed at $9.53. Up to date, shares made a 25.29% profit since the beginning of this rally
  • HL Acquisitions marked a new all-time high on Monday, setting the new record at $13.40.
  • HL Acquisitions Corp. does not have significant operations.
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Please read:
The opinions given in this post are personal and not recommendations for you to buy or sell stocks. The author of this document does not have an understanding of the individual conditions of the reader, his or her own financial statements or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Comments are posted for general educational purposes only

HL Acquisitions stock chart overview

Should I buy HL Acquisitions stock?

All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. 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 the next few days, or that it may not climb higher. Simply, it doesn't match our recommended trading systems

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Should I sell HL Acquisitions stock?

Knowing when to sell a stock is even harder than knowing when to buy it. Trading strategies prevent us from making impetuous decisions based on our sentiments or the buzz that surrounds the market. We like very simple setups to guide us on when is a good moment to sell a stock. Be aware that these setups are not intended for selling short HL Acquisitions stock

As a golden rule, you should never mantain a trade that produces losses greater than those expected by the time of the buy. The moment to sell shares 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

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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

In the last 30 days we couldn't find any rating for HL Acquisitions

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Technical analysis

HL Acquisitions stock started an uptrend on October 2018, and grew an amazing 25.29%. The price line shows higher highs and higher troughs, and along the way gave some entry points for those who wanted to enter. Latest low was in late March, when price bounced at $10.25. Now, the price trades in a consolidation between its last top ($13.40) and its last bottom ($10.25)

HCCH at new Highs

HL Acquisitions marked all-time highs (ATH) on Monday at $13.40, and cleared the field for new highs as there are no further resistances. Previous ATHs were on June 19

SMAs overview

Moving averages are indicators for traders to measure 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

Supports and resistances

Investors use supports and resistances as a way to find price points in the stock price action that may behave as glass ceiling, preventing the price of a stock to move in certain direction. A support level is a level where the price may find support as it falls. This means that the 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 falling until meeting another support level. On the contrary, a resistance level is where the price tends to find opposition as it moves up. Likewise, the price is more liable to "rebound" at this level, and if it finally ruptures this level, it will climb easily until it finds the next resistance

The current resistances are:

  • R1: $13.40 (12.23% above)
  • The current support levels are:

  • S1: $10.49 (-12.14% below)
  • S2: $10.25 (-14.15% below)
  • S3: $10.14 (-15.08% below)
  • Bollinger bands

    This is an indicator that was designed in the 1980s by John Bollinger. Fundamentally, the Bollinger Bands are bands that flow around a moving averagediffering in distance from the bottom to the top depending on market volatility. They are usually plotted by an offset of two standard deviations, above and below, from a moving average line. Bollinger himself recommends the moving average period to be 20

    Since the price surpassed the upper band on June 29, the price has been corrected downwards by 7.3%

    Relative strength index

    The RSI (Relative Strength Index) is an oscillator-type indicator that measures price movements to detect when the price of a share or financial asset is overbought or oversold. 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, invented by J. Welles Wilder in the late 1970s

    The RSI dropped below the overbought level of 70 on June 19 after just crossing to the overbough zone for just one day (weak signal). The RSI value yesterday was 54.43. HL Acquisitions shares tanked a 6.86% since then

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    Earnings and financials

    HL Acquisitions hosted the quarterly investors call and released the first-quarter report in mid-May.

    This compares to earnings of $-0.03 per share a year ago, so reported EPS is a reduction of -266.67%. Looking at revenue, figures just changed compared to $0.00 same quarter last year.

    HL Acquisitions is releasing financial report. Earnings reporting day has a more than usual risk for stock investors as the information provided can soar and sink the price with exceptionally low volume and not honouring your buy or stop-loss orders. Check company's website to confirm time and details about the earnings call and the earnings report.

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