BAR HARBOR BANKSHARES (BHB) Stock Technical Analysis
USA - NYSEARCA:BHB - US0668491006 - Common Stock
Overall BHB gets a technical rating of 1 out of 10. BHB's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is bad, BHB does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 29.71. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 28.91, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for BHB in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
28.19
We found 1 important support area.
- A support zone ranging from 28.47 to 28.91. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 29.71 to 30.35. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @31.54 from a trend line in the weekly time frame.
- A resistance zone ranging from 32.39 to 32.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @33.44 from a horizontal line in the daily time frame.
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 | DOWN | NEGATIVE | The long term trend for BHB is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BHB is down. |
| ChartMill Relative Strength | 22.38 | NEGATIVE | BHB has a low relative strength, it was outperformed by 77.62% off all stocks 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) | DOWN | NEGATIVE | The current price of BHB is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BHB is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.52 | NEUTRAL | The RSI value for BHB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests BHB has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 51.2 | NEUTRAL | The Stochastics value for BHB is a neutral value. |
| Average True Range in percent/ATR (20) | 2.89 | MEDIUM VOLATILITY | The ATR as a percentage value for BHB suggests some volalility. |
| Average Directional Index/ADX (14) | 8.36 | NEGATIVE | The low ADX value for BHB suggests a weak or negative trend. |
29.63
-0.14 (-0.47%)
BAR HARBOR BANKSHARES / BHB FAQ
What is the ChartMill technical rating of BAR HARBOR BANKSHARES (BHB) stock?
ChartMill assigns a technical rating of 1 / 10 to BHB.
What is the current trend direction of BAR HARBOR BANKSHARES (BHB) stock?
The current trend direction for BAR HARBOR BANKSHARES (BHB) is Bearish.
What is the RSI signal for BAR HARBOR BANKSHARES (BHB) stock?
BAR HARBOR BANKSHARES (BHB) has an RSI value of 48.5176. This indicates that the stock is currently neutral.
Can you provide the short term momentum for BAR HARBOR BANKSHARES?
The short term momentum for BAR HARBOR BANKSHARES (BHB) is negative.
What is the buy/sell signal for BHB stock?
The buy/sell signal for BAR HARBOR BANKSHARES (BHB) is sell as both the short term and long term trends are negative.