Hawaiian Electric Industries Inc (HE): Price Now Near $41.7; Daily Chart Shows Downtrend on 20 Day Basis

The Hourly View for HE

Currently, HE (Get Ratings)’s price is up $0.01 (0.02%) from the hour prior. The hourly chart shows that HE has seen 2 straight up hours. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

HE ranks 14th in terms of today’s price percentage change out of Utilities stocks.

HE’s Technical Outlook on the Daily Chart

Currently, HE’s price is up $0.44 (1.07%) from the day prior. The daily chart shows that HE has seen 2 straight up days. If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 20 day timeframe. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. Hawaiian Electric Industries Inc’s price action over the past 90 days can be seen via the chart below.

HE

<

HE: Daily RSI Analysis

  • For HE, its RSI is now at 56.1404.
  • HE and RSI may be exhibiting divergent trends. This may be something to monitor.

Want More Great Investing Ideas?

9 “MUST OWN” Growth Stocks for 2021

5 WINNING Stock Chart Patterns

7 Best ETFs for the NEXT Bull Market