By Mill Chart
Last update: Sep 27, 2022
FIRST HORIZON CORP (NYSE:FHN) was identified as a Technical Breakout Setup Pattern by our stockscreener. Such a pattern occurs when we see a pause in a strong uptrend: after a strong rise the stock is consolidating a bit and at some point the trend may be continued. Whether this actually happens can not be predicted of course, but it may be a good idea to keep and eye on NYSE:FHN.
ChartMill assigns a proprietary Technical Rating to each stock. The score is computed daily by evaluating various technical indicators and properties. The score ranges from 0 to 10.
Taking everything into account, FHN scores 8 out of 10 in our technical rating. Although FHN is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Besides the Technical Rating, ChartMill also assign a Setup Rating to every stock. This setup score also ranges from 0 to 10 and determines to which extend the stock is consolidating. This is achieved by evaluating multiple short term technical indicators. NYSE:FHN currently has a 8 as setup rating:
FHN has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 23.38. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 23.14, a Stop Loss order could be placed below this zone.
One way to play this would be to wait for the actual breakout to happen and buy when the stock breaks out above the current consolidation zone. A possible place for a stop loss would be below this zone.
This article should in no way be interpreted as trading advice. You should always make your own analysis and trade or not trade based on your own observations and style. The article is based purely on some technical observations.
Every day, new breakout setups can be found on ChartMill in our Breakout analyzer.
FIRST HORIZON CORP
NYSE:FHN (4/19/2024, 7:04:00 PM)
After market: 14.28 -0.35 (-2.39%)14.63
+0.35 (+2.45%)
FHN stock results show that First Horizon beat analyst estimates for earnings per share and beat on revenue for the first quarter of 2024.
/PRNewswire/ -- First Horizon Corporation, (NYSE: FHN or "First Horizon") announced that two executives, Vernon Stafford and Tanya Hart, were recognized by...
/PRNewswire/ -- First Horizon Corporation (NYSE: FHN or "First Horizon") today announced that Thomas Hung, Executive Vice President, Head of Franchise Finance,...
/PRNewswire/ -- First Horizon Corporation, (NYSE: FHN or "First Horizon") announced today the naming of Martin de Laureal as President of First Horizon...
/PRNewswire/ -- First Horizon Corporation (NYSE: FHN or "First Horizon") is proud to announce a collaboration with The Home Edit (THE), a lifestyle...
/PRNewswire/ -- First Horizon Corporation (NYSE: FHN) today announced that on May 1, 2024 (the "Redemption Date"), it will redeem all outstanding shares of its...
/PRNewswire/ -- First Horizon Corporation (NYSE:FHN) plans to announce first quarter financial results on April 17, 2024. The news release and supplemental...
/PRNewswire/ -- In honor of First Horizon Corp.'s 160th anniversary, First Horizon Foundation today announced the Grants for Good campaign, providing $1.6...
/PRNewswire/ -- First Horizon Corp. (NYSE: FHN or "First Horizon") today announced the results of a comprehensive survey exploring the financial confidence and...
Toronto-Dominion Bank Chief Executive Officer Bharat Masrani took a pay cut last year over the lender’s scuttled acquisition of First Horizon Corp. and the US probe it faces over anti-money-laundering controls.
/PRNewswire/ -- First Horizon Corporation, (NYSE: FHN or "First Horizon") announced that Tracy Bell, Director of Equity Investments Strategies, was honored as...