HUT Weekly Technical Analysis
Hut 8 Corp
North American digital asset mining and infrastructure company focused on Bitcoin mining and high-performance computing data centers. Following its merger with US Bitcoin Corp, Hut 8 operates large-scale mining facilities and provides hosting and infrastructure services.
HUT Technical Analysis Summary
HUT is currently in a dominant, long-term uptrend following a massive breakout from a multi-year consolidation base. The structural alignment of moving averages strongly favors the bulls on a macro timescale. However, the stock is presently undergoing a healthy short-term pullback and consolidation phase to digest recent rapid gains, as evidenced by a bearish weekly MACD crossover and a descending RSI.
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HUT Weekly Chart
Sentiment
Short-term Sentiment (days to weeks): Neutral
Price is currently pulling back after a steep advance. RSI is sloping downwards from near-overbought levels, and the MACD line has recently crossed below the signal line, accompanied by a negative histogram, suggesting waning short-term momentum and a period of consolidation.
Long-term Sentiment (weeks to months): Bullish
The chart exhibits a powerful breakout from a multi-year consolidation base. Price is maintaining a strong primary uptrend, characterized by a bullish alignment of moving averages where price is well above the rising 20-week and 50-week SMAs, and significantly above the 200-week SMA.
Report Metadata
- Timeframe: weekly
- Generated at: 2026-02-21T18:38:22.248Z
- Model: gemini-3.1-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $47.50 | $45.00 - $50.00 | Strong | Near-term support zone encompassing the rising 20-week SMA and recent consolidation lows prior to the final leg up. |
| $32.50 | $30.00 - $35.00 | Strong | Major structural support based on prior resistance from the multi-year base breakout, currently aligning with the rising 50-week SMA. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $67.50 | $65.00 - $70.00 | Strong | Recent swing high and the area where the current pullback initiated. |
| $81.50 | $78.00 - $85.00 | Strong | All-time high zone established during the late 2021 peak, representing major historical resistance. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Multi-Year Base Breakout | Bullish | N/A | The stock spent approximately two years consolidating below the 35 level before staging a powerful, high-volume breakout in late 2024, signaling a major trend reversal. |
Frequently Asked Questions about HUT
What is the current sentiment for HUT?
The short-term sentiment for HUT is currently Neutral because Price is currently pulling back after a steep advance. RSI is sloping downwards from near-overbought levels, and the MACD line has recently crossed below the signal line, accompanied by a negative histogram, suggesting waning short-term momentum and a period of consolidation.. The long-term trend is classified as Bullish.
What are the key support levels for HUT?
StockDips.AI has identified key support levels for HUT at $47.50 and $32.50. These levels may represent potential accumulation zones where buying interest could emerge.
Is HUT in a significant dip or a Value Dip right now?
HUT has a Value Score of 58/100. It is not currently flagged as a significant dip in the Top Dips list. It is not listed as a Value Dip because the long-term sentiment or value-score threshold does not qualify.
View the full interactive analysis on StockDips.AI.