BAR HARBOR BANKSHARES (BHB) Technical Analysis
NYSEARCA:BHB • US0668491006
Current stock price
BHB Technical Rating and Analysis
Taking everything into account, BHB scores 7 out of 10 in our technical rating. Although BHB is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- BHB is part of the Banks industry. There are 377 other stocks in this industry, of which 62% are performing better than BHB.
- The long and short term trends are both positive. This is looking good!
- BHB is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so BHB is lagging the market slightly.
- BHB is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
- When comparing the performance of all stocks over the past year, BHB turns out to be only a medium performer in the overall market: it outperformed 58% of all stocks.
BHB Weekly and Daily overview Charts
BHB Setup Rating and Analysis
BHB has an excellent technical rating, but the quality of the setup is only medium 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
BHB Support and Resistance Analysis
28.21
4 important support areas can be observed.
- A support zone ranging from 33.10 to 33.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 30.80 to 31.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @30.23 from a trend line in the weekly time frame.
- A support zone ranging from 28.49 to 28.64. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 35.61 to 35.64. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @36.57 from a horizontal line in the weekly time frame.
BHB Technical Indicator Signal Analysis
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 | UP | POSITIVE | The short term trend for BHB is up. |
| ChartMill Relative Strength | 58.43 | NEUTRAL | BHB is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BHB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of BHB is above a declining 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) | 64.32 | NEUTRAL | The RSI value for BHB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.17 | POSITIVE | The MACD value suggests BHB has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 78.55 | NEUTRAL | The Stochastics value for BHB is a neutral value. |
| Average True Range in percent/ATR (20) | 2.43 | MEDIUM VOLATILITY | The ATR as a percentage value for BHB suggests some volalility. |
| Average Directional Index/ADX (14) | 16.97 | NEGATIVE | The low ADX value for BHB suggests a weak or negative trend. |
BHB Chart- and CandleStick Pattern Analysis
BHB Technicals: Chart, Performance Metrics, Trend & Indicators
34.84
+0.53 (+1.54%)
BAR HARBOR BANKSHARES / BHB TA FAQ
What is the ChartMill technical rating of BAR HARBOR BANKSHARES (BHB) stock?
ChartMill assigns a technical rating of 7 / 10 to BHB.
Can you provide the trend direction for BAR HARBOR BANKSHARES?
The current trend direction for BAR HARBOR BANKSHARES (BHB) is Bullish.
Can you provide the RSI signal for BAR HARBOR BANKSHARES?
BAR HARBOR BANKSHARES (BHB) has an RSI value of 64.3166. This indicates that the stock is currently neutral.
What is the MACD signal for BHB stock?
The MACD indicator for BAR HARBOR BANKSHARES (BHB) has a value of 0.172763, indicating a bearish trend.
What is the buy/sell signal for BAR HARBOR BANKSHARES (BHB) stock?
The buy/sell signal for BAR HARBOR BANKSHARES (BHB) is buy as both the short term and long term trends are positive.