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Check the daily chart of HEROcoin. The closing price of 2023-06-05 was USD 0.00289761 per share.

HEROcoin Daily Candlestick Chart

Technicals of HEROcoin

1. Trend Indicators

1.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

HEROcoin Daily Moving Averages ChartHEROcoin Daily Moving Averages Chart
1.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Let's take a look of the Moving Average Convergence/Divergence (MACD) of HEROcoin:

  • The Moving Average Convergence/Divergence (MACD) is 0.000. The Moving Average Convergence/Divergence (MACD) above zero is a bullish sign. +1
  • The MACD is lower than the signal line. This is a bearish indication. -1
HEROcoin Daily Moving Average Convergence/Divergence (MACD) ChartHEROcoin Daily Moving Average Convergence/Divergence (MACD) Chart
1.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index).

The ADX helps you determine the strength of a trend. Let's take a look of the ADX of HEROcoin:

  • The ADX is 11.905. Not trending. -2
  • The ADX is rising, a new trend could be forming. +1
  • The +DI is lower than the -DI. The current trend is down. -2
HEROcoin Daily Directional Movement Index (DMI) ChartHEROcoin Daily Directional Movement Index (DMI) Chart
1.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..
  • The price has crossed the Parabolic SAR to the downside. The trend is reversing to a down trend. -1
  • HEROcoin Daily Parabolic SAR ChartHEROcoin Daily Parabolic SAR Chart

    2. Momentum Indicators

    2.1 Relative Strength Index (RSI)

    Measures the speed and change of price movements.

    • Leading momentum indicator, meaning the signals are instant.
    • Ranges between 0 and 100.
    • Above 70 is considered overbought.
    • Below 30 is considered oversold.
    • Above or below 50 can also be used to determine price trend or support and resistance.
    • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
    • Can be used in many different ways
    • The RSI is below 50. -1
    HEROcoin Daily Relative Strength Index (RSI) ChartHEROcoin Daily Relative Strength Index (RSI) Chart
    2.2 Stochastic Oscillator

    Compares a certain price to multiple prices ranging over time.

    • Leading momentum indicator, meaning the signals are instant.
    • Used to determine overbought and oversold areas much like the RSI.
    • Ranges between 0 and 100.
    • Above 80 is considered overbought.
    • Below 20 is considered oversold.
    • Consists of two lines named K and D.
    • K compares the highest high and lowest low on the selected price range.
    • The D line is a moving average of the K line.
    • Can be used to spot divergences
    • The Stochastic is below 50. -1
    • The Stochastic is below 30 and oversold. +2
    HEROcoin Daily Stochastic Oscillator ChartHEROcoin Daily Stochastic Oscillator Chart
    2.3 Commodity Channel Index (CCI)
    HEROcoin Daily Commodity Channel Index (CCI) ChartHEROcoin Daily Commodity Channel Index (CCI) Chart
    2.4 Chande Momentum Oscillator (CMO)
    HEROcoin Daily Chande Momentum Oscillator (CMO) ChartHEROcoin Daily Chande Momentum Oscillator (CMO) Chart
    2.5 Williams %R
    HEROcoin Daily Williams %R ChartHEROcoin Daily Williams %R Chart

    3. Volatility Indicators

    3.1 Bollinger Bands
    HEROcoin Daily Bollinger Bands ChartHEROcoin Daily Bollinger Bands Chart
    3.2 Average True Range (ATR)
    HEROcoin Daily Average True Range (ATR) ChartHEROcoin Daily Average True Range (ATR) Chart

    4. Volume Indicators

    4.1 On-Balance Volume (OBV)
    HEROcoin Daily On-Balance Volume (OBV) ChartHEROcoin Daily On-Balance Volume (OBV) Chart
    4.2 Money Flow Index (MFI)
    HEROcoin Daily Money Flow Index (MFI) ChartHEROcoin Daily Money Flow Index (MFI) Chart

    5. Summary

    5.1. Notifications

    PenkeCurrently no notifications for HEROcoin.

    5.2. Trading Signals

    DateIndicatorEntry signalExit signal
    2023-05-27STOCH SHORT ENTRY LONG CLOSE80 crossover to downside
    2023-05-30CCI LONG ENTRY SHORT CLOSE100 crossover to upside
    WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
    2023-05-31MFI20 crossover to upside
    2023-06-01MFI20 crossover to downside
    SAR LONG ENTRY SHORT CLOSEprice crossed sar to upside
    STOCH LONG ENTRY SHORT CLOSE20 crossover to upside

    5.2. Technical Score

    Let's check the technical score of HEROcoin based on Penke's default Symbol scanner.

    Penke's Symbol Scanner

    RsiGreater than5042.508
    Ma 20Greater thanMa 500.003
    Ma 50Greater thanMa 1000.003
    Ma 100Greater thanMa 2000.003
    OpenGreater thanClose0.003
    Total2/5 (40.0%)


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