Hyliion Holdings Corp. [NYSE:HYLN] shares are showing an active tape with a current price of $32.11 on Wednesday.
Hyliion Holdings Corp. is in the Consumer Cyclical sector under the Auto Parts industry.
For the year, the stock is trading 194.29% and the five-day change stands at -41.00%. As a point of reference, the S&P 500 is trading 0.55% YTD.
The Price is right
Hyliion Holdings Corp. has seen a trading range over the last year of $9.50-$58.66.
For the last five days, HYLN is down from its last closing price. The average shares trading hands each day is 5.64M, with average 10-day volume coming in at 9.46 million.
Using a Force Index Indicator is a good way to look at how strong actual buying and selling pressure is for HYLN. When we apply the Elder Force Index to Hyliion Holdings Corp., we are seeing an Elder Force Indicator number of 17284615.77.
Technical Analysis
Looking at popular technical indicators, the company’s 5-day moving average is 34.93 compared to the 50-day moving average of 43.57. So, traders might want to tread carefully if they are going to bid.
The Relative Strength Index or RSI is an indicator ranging between 0 and 100 that traders use to determine if a stock is “overbought” or “oversold.” A strong uptrend tending to reach into the “overbought” status is above 70, while a downward trend will stay around the 30 mark. HYLN currently holds a 9-day RSI of 36.41%, while 100-day RSI stands at 53.92%.
Another indicator we believe is worth keeping tabs on is the Moving Average Convergence Divergence or MACD. Similar to the concept of the Force Index — on the basis of price momentum — the MACD gives traders a tool to measure the turning point of a stock even during rapid fluctuations in price. Buy and sell signals are determined by a stock’s relation to the zero line, so if a stock is above a zero line for many weeks it might be a “buy.” On the other hand, if a stock is below the zero line consistently, it might be one to stay away from. Also, if the MACD line reaches a peak and dips, its momentum may be waning. HYLN’s 9-day MACD is -9.22 and the company’s 100-day MACD stands at 4.97.
Inside Moves
Another area that is important to analyze is insider moves and majority shareholders. While this is not always an error-free way to tell what the future holds for a stock, you can maybe gather important information from reading the tea leaves about who is buying and selling.
