After an explosive begin to the yr, Hims & Hers Health, Inc. (HIMS) is now buying and selling in an intermediate-term vary above long-term assist from the weekly cloud mannequin (shaded space on the chart) and the 200-day (~40-week) transferring common, each of which outline the stock’s cyclical uptrend. The uptrend stays wholesome and is supported by constructive long-term momentum, offering a bullish outlook via year-end. HIMS’s long-term technical energy aligns with a bullish basic view from private investing professional Austin Hankwitz , who notes: “Their stock is attractive in my view as annual revenue is expected to grow by +134% to $3.5B by 2027. Their total addressable market exceeds $25B+ per year, leaving plenty of runway for this innovative company.” A rally off long-term assist has turned the weekly stochastic oscillator larger, with room to run earlier than reaching overbought territory. In range-bound environments, stochastics are particularly helpful, and the present setup suggests the rally might persist for a minimum of a couple of extra weeks. HIMS rallied late final week following a check of the 50-day transferring common, sparking an uptick within the MACD histogram that factors to continued short-term upside momentum. There aren’t any indicators of exhaustion within the close to time period, giving the stock room to advance towards the highest of its vary, within the $65–$66 zone. HIMS can also be a long-term outperformer relative to the S & P 500 Index (SPX) . The ratio of HIMS to the SPX stays above its rising 200-day MA, and a current upturn in weekly stochastics provides one other constructive catalyst. Notably, the earlier two upturns in stochastics every resulted in a brand new relative excessive. HIMS has an adjusted beta of roughly 2.09, that means the stock is about twice as unstable because the SPX on any given day. With high-beta positions, it will be important to monitor close by assist ranges to handle draw back danger. For HIMS, the closest potential assist lies on the 50-day MA close to $51—over 12% under present ranges. Investors with decrease danger tolerance might want to take into account a percentage-based stop-loss. —Katie Stockton with Will Tamplin Access analysis from Fairlead Strategies without cost right here . DISCLOSURES: None. All opinions expressed by the CNBC Pro contributors are solely their opinions and don’t replicate the opinions of CNBC, NBC UNIVERSAL, their dad or mum firm or associates, and should have been beforehand disseminated by them on tv, radio, web or one other medium. THE ABOVE CONTENT IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY . THIS CONTENT IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSITUTE FINANCIAL, INVESTMENT, TAX OR LEGAL ADVICE OR A RECOMMENDATION TO BUY ANY SECURITY OR OTHER FINANCIAL ASSET. 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