Taking everything into account, BHB scores 7 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, BHB is only an average performer.
Although BHB has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
28.19
We found 3 important support areas.
- Support @30.16 from a trend line in the daily time frame.
- A support zone ranging from 29.24 to 29.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 28.47 to 28.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 32.71 to 33.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for BHB is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BHB is neutral. |
| ChartMill Relative Strength | 56.05 | NEUTRAL | BHB is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of BHB is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BHB is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BHB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 46.26 | NEUTRAL | The RSI value for BHB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.24 | NEGATIVE | The MACD value suggests BHB has a negative trend. |
| Stochastics (14,3) | 13.07 | OVERSOLD | The low Stochastics value suggests BHB may be oversold. |
| Average True Range in percent/ATR (20) | 2.27 | MEDIUM VOLATILITY | The ATR as a percentage value for BHB suggests some volalility. |
| Average Directional Index/ADX (14) | 27.22 | POSITIVE | The high ADX value value for BHB suggests a strong trend. |
31.22
+0.17 (+0.55%)
BAR HARBOR BANKSHARES / BHB FAQ
What is the ChartMill technical rating of BAR HARBOR BANKSHARES (BHB) stock?
ChartMill assigns a technical rating of 7 / 10 to BHB.
What is the trend direction for BHB stock?
The current trend direction for BAR HARBOR BANKSHARES (BHB) is Bullish.
What is the RSI signal for BHB stock?
BAR HARBOR BANKSHARES (BHB) has an RSI value of 46.2554. This indicates that the stock is currently neutral.
What is the MACD signal for BAR HARBOR BANKSHARES (BHB) stock?
The MACD indicator for BAR HARBOR BANKSHARES (BHB) has a value of -0.244792, indicating a bearish trend.
What is the short term momentum for BHB stock?
The short term momentum for BAR HARBOR BANKSHARES (BHB) is neutral.