Hennessy Advisors, Inc.

Stage 2 · Advancing · week 19

As of Oct 22, 2026, Hennessy Advisors is in Stage 2, the uptrend phase, now in week 19 (since Jun 11, 2026). It closed at $10.20, 2.7% below its 52-week high and above its 200-day average, which is rising.

Hennessy Advisors, Inc. is an publicly owned investment manager. More about the company

$10.20

-2.06% today

$80.6M · Micro cap

Market Neutral — Building

Pro read

Pro

Our read

In Stage 2, but it has already run

Setup score

—

Momentum

Steady

Edge

—

Setup-score rank among Stage 2 peers: #1 of 45 in Asset Management · #1 of 215 in Financials

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Stage Cycle Timeline2023-08-16 → 2026-10-22

S4 18w

S2 46w

S4 14w

S2 19w

2023-08-162026-10-22

S1S2S3S4Setup score (0–10, dashed line at 5)

S1 2w → S4 18w → S1 3w → S2 10w → S3 2w → S2 46w → S3 8w → S4 5w → S1 3w → S2 12w → S3 4w → S4 14w → S1 11w → S4 6w → S1 2w → S2 19w current

Total tracked: 164 weeks across 16 stage runs.

HNNA among Asset Management22nd of 140 by relative strength

All 140 →

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1	CYPHCypherpunk Technologies Inc.	Stage 2 · wk 7	99	−17.5%
2	AMTDAMTD IDEA Group Class A	Stage 2 · wk 1	99	+4011.1%
3	MGLDThe Marygold Companies, Inc.	Stage 2 · wk 4	94	+105.2%
4	AAMIAcadian Asset Management Inc.	Stage 2 · wk 41	94	+1.4%
5	ASSTStrive, Inc. Class A	Stage 2 · wk 7	92	+0.1%
6	AMGAffiliated Managers Group, Inc.	Stage 2 · wk 21	91	+8.0%
7	WTWisdomTree, Inc.	Stage 2 · wk 39	91	−10.6%
8	VCTRVictory Capital Holdings, Inc.	Stage 2 · wk 39	91	+1.0%
…22	HNNAHennessy Advisors, Inc.	Stage 2 · wk 19	70	−1.6%

vs 52W High

-2.7%

$8.80 lo$10.48 hi

2.7% below 52W high, pullback range

How far this stock is from its 52-week high. A pullback of 3–20% while Stage 2 structure holds is typically a better entry than chasing near the high.

Stage Maturity

Week 19

1w13w26w

Week 19, proven structure

How long this stock has been in Stage 2. The sweet spot is mid-run: long enough to prove the structure holds, not so long that it's extended. Very fresh moves (weeks 1–4) often need more time to confirm.

vs 200 DMA

3.8%

200 DMA: $9.83 · rising

Long-term trend anchor. When the stock and the S&P 500 are both above their 200-day averages, the backdrop supports continuation.

Rel Volume

0.48x

vs 50-day avg

Low vol (0.5–1x) on pullbacks = resting, not being sold. High vol on breakouts = commitment. Volume spike on down days is a warning sign.

Trend Health

→

Short-term trend flat

Two reads of momentum. The arrow shows the direction of the short-term trend: rising (↑ or ↗), flat (→) or rolling over (↓). The ⇈ mark appears when our trend model reads the move as gaining speed on top of the longer trend. Strongest when both agree.

-1.6%

+5.4%

+5.8%

YTD

+10.7%

+20.6%

Scan Membership

Breakout Watch

Latest: 2025-06-25

7 appearances in last 60 days. First seen: 2019-09-20.

A stock that keeps qualifying week after week does so because its Stage 2 structure keeps holding. Staying power in the scan says more about the trend than any single appearance.

Recent Stage Timeline

2026-10-22S2

Wk 19 · Vol 0.48x

2026-10-21S2

Wk 19 · Vol 1.83x

2026-10-20S2

Wk 19 · Vol 0.12x

2026-10-19S2

Wk 18 · Vol 0.19x

2026-10-16S2

Wk 18 · Vol 0.19x

2026-10-15S2

Wk 18 · Vol 1.74x

2026-10-14S2

Wk 18 · Vol 0.35x

2026-10-13S2

Wk 18 · Vol 0.91x

2026-10-12S2

Wk 17 · Vol 0.54x

2026-10-09S2

Wk 17 · Vol 1.28x

2026-10-08S2

Wk 17 · Vol 0.21x

2026-10-07S2

Wk 17 · Vol 0.19x

Moving averages & range

50 DMA

$10.18

200 DMA

$9.83

52W High

$10.48

52W Low

$8.80

5D Low

$10.20

Resistance levels (recent highs)

20d High

$10.43

60d High

$10.48

120d High

$10.48

250d High

$10.48

Next resistance

+2.3%

to 20d High

P/E (TTM)

9.7

Forward 8.2

Earnings Growth (YoY)

-3.8%

Revenue +4.2%

ROE

+8.4%

Profit margin +24.8%

Dividend Yield

5.76%

P/B 0.8

Hennessy Advisors: quick answers

What stage is Hennessy Advisors in?

As of Oct 22, 2026, Hennessy Advisors (HNNA) is in Stage 2, the uptrend phase. It entered Stage 2 on Jun 11, 2026 and is in week 19. What the four stages mean

Is Hennessy Advisors in an uptrend?

Yes. Hennessy Advisors is in a Stage 2 uptrend. It trades 3.8% above its 200-day average, which is rising.

How far is Hennessy Advisors from its 52-week high?

Hennessy Advisors closed at $10.20 on Oct 22, 2026, 2.7% below its 52-week high of $10.48. Its 52-week low is $8.80.

How has Hennessy Advisors performed over the past year?

As of Oct 22, 2026, Hennessy Advisors is up 20.6% over the past year and up 10.7% so far in 2026.

Which sector and industry is Hennessy Advisors in?

Hennessy Advisors is in the Asset Management industry, part of the Financials sector.

About this companyFinancials· Asset Management

Hennessy Advisors, Inc. is an publicly owned investment manager. It provides its services to Hennessy Funds and investment companies. The firm launches and manages equity, fixed income, and balanced mutual funds. It invests in the public equity and fixed income markets across the globe. The firm primarily invests in growth stocks of companies. It conducts in-house research to make its investments. Hennessy Advisors, Inc. was founded in 1989 and is based in Novato, California with additional offices in Boston, Massachusetts and Chapel Hill, North Carolina.

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All analytics based on EOD data. Data as of 2026-10-22. Past data patterns are not indicative of future results. This page is a data analytics tool only.