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Hooker Furnishings Corporation

HOFT Technical Analysis Summary (NASDAQ)

Analyze HOFT on the NASDAQ with RSI, MACD, ADX, Bollinger Bands, support, resistance, momentum, and the latest technical trading signals.

HOFT●NASDAQ
Consumer CyclicalFurnishings, Fixtures & Appliances
$14.17
$0.39(2.68%)
U.S. Market is Open · 13:24

Disclaimer for Technical Analysis Page

The technical indicators and trading signals shown on this page are for informational purposes only and do not constitute financial advice. Stock market investments involve risk, and past performance is not a guarantee of future results. Always conduct your own research or consult a licensed financial advisor before making investment decisions.Read our Full Disclaimer

HOFT Technical Analysis Summary (NASDAQ)

Hooker Furnishings Corporation (NASDAQ: HOFT) stock currently shows a bullish trend on the NASDAQ, supported by momentum and strong buying pressure.

Overall Sentiment:Buy
Momentum:Bullish (RSI: 60.25)
Trend Strength:Moderate (ADX: 26.34)
Volatility:Medium (ATR: 0.58)
Support/Resistance:$11.86 – $15.73 (Bollinger Bands)

Technical conditions suggest Hooker Furnishings Corporation on the NASDAQ is awaiting a decisive move. Technical conditions suggest Hooker Furnishings Corporation is consolidating, awaiting a decisive move.

Momentum Indicators

RSI (14): 60.25

Bullish
Above midpoint suggests upward bias.

Stochastic %K: 58.94

Neutral
Mid-range signal with no clear trend.

Williams %R: -44.12

Neutral
Balanced market without strong signals.

Rate of Change (ROC): 13.47

Strongly Bullish
Strong upside momentum.

Takeaway:Hooker Furnishings Corporation shows neutral momentum, with indicators pointing to indecision.

Trend & Volatility

MACD: 0.45

Bullish
Bullish, trend momentum is strengthening.

ADX: 26.34

Moderate
Moderate trend, direction gaining strength.

ATR (14): 0.58

Low
Low volatility, stable price action.

CCI (14): 24.13

Bullish
Bullish, momentum building upward.

Takeaway:Hooker Furnishings Corporation shows a firm trend supported by momentum, though one signal suggests caution.

Support & Resistance indicators
Bollinger Bands
Upper Band
$15.73
Middle Band (SMA 20)
$13.79
Lower Band
$11.86
Current Position
Within Bands

Takeaway:Hooker Furnishings Corporation trades around the middle band, reflecting balanced price action.

Keltner Channels
Upper Channel
$15.21
Middle Line (EMA 20)
$14.05
Lower Channel
$12.89
Squeeze Status
No Squeeze

Takeaway:Hooker Furnishings Corporation trades above the trend line, showing healthy momentum within the channel.

Volume & Money Flow Analysis
On-Balance Volume-113.16K
Money Flow Index70.23Bullish, inflows support continued momentum.
Relative Vigor Index51.65Neutral to Bullish, buyers hold a slight edge.

Overall Takeaway:HOFT shows bullish money flow, with volume and vigor supporting buyers.

Technical Trading Signals Summary
Based on the current technical analysis of Hooker Furnishings Corporation (NASDAQ: HOFT), here are the key trading signals and recommendations:

Bullish Signals

RSI above 50 → positive momentum from buyers.

MACD above 0 → bullish trend confirmation.

ADX above 20 → strong underlying trend.

Price trading above middle Bollinger Band → mid-term support intact.

MFI below 80 → room for more buying without overbought risk.

Bearish Signals

No significant bearish signals detected.

Overall Recommendation:Technical indicators for Hooker Furnishings Corporation are mixed, suggesting a Hold or wait-and-see approach.

(NASDAQ: HOFT) Technical Analysis FAQ