BAR HARBOR BANKSHARES (BHB) Stock Technical Analysis
USA - NYSEARCA:BHB - US0668491006 - Common Stock
We assign a technical rating of 0 out of 10 to BHB. 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.
BHB has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 30.15. 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.
More info and screens
28.19
When analyzing the support we notice one important 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.
4 important resistance areas can be observed.
- A resistance zone ranging from 30.15 to 30.49. 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 | NEUTRAL | NEUTRAL | The short term trend for BHB is neutral. |
| ChartMill Relative Strength | 21.56 | NEGATIVE | BHB has a low relative strength, it was outperformed by 78.44% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of BHB is above a declining 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) | 50.78 | 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. |
| Stochastics (14,3) | 43.07 | NEUTRAL | The Stochastics value for BHB is a neutral value. |
| Average True Range in percent/ATR (20) | 3.03 | MEDIUM VOLATILITY | The ATR as a percentage value for BHB suggests some volalility. |
| Average Directional Index/ADX (14) | 9.12 | NEGATIVE | The low ADX value for BHB suggests a weak or negative trend. |
29.94
+0.34 (+1.15%)
BAR HARBOR BANKSHARES / BHB FAQ
What is the ChartMill technical rating of BAR HARBOR BANKSHARES (BHB) stock?
ChartMill assigns a technical rating of 0 / 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 50.7836. 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 neutral.