Stock Trend Analysis Report
Prepared for you on Monday, June 5, 2023.
Hongli Group Inc. - Ordinary Shares (NASDAQ:HLP)
Sidelines Mode (-55) - HLP is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid HLP?
MarketClub looks at technical strength and momentum to determine if the timing is right for HLP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HLP
The long-term trend has been DOWN since May 2nd, 2023 at 3.0300
The intermediate-term trend has been DOWN since May 2nd, 2023 at 3.0300
The short-term trend has been UP since May 25th, 2023 at 2.5683
Smart Scan Analysis for HLP
Based on our trend formula, HLP is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||8.68||52wk High Date||2023-05-01|
|52wk Low||2.23||52wk Low Date||2023-05-10|