BRIGHTHOUSE FINANCIAL INC (BHF) Stock Technical Analysis
NASDAQ:BHF - Nasdaq - US10922N1037 - Common Stock - Currency: USD
We assign a technical rating of 10 out of 10 to BHF. Both in the recent history as in the last year, BHF has proven to be a steady performer, scoring decent points in every aspect analyzed.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
Looking at the yearly performance, BHF did better than 88% of all other stocks. We also observe that the gains produced by BHF over the past year are nicely spread over this period.
BHF is part of the Insurance industry. There are 142 other stocks in this industry. BHF outperforms 83% of them.
BHF is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so BHF is performing more or less in line with the market.
In the last month BHF has a been trading in the 56.13 - 62.58 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
Besides having an excellent technical rating, BHF also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 57.90, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
45.51
63.61
We found 3 important support areas.
- A support zone ranging from 57.90 to 57.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 48.77 to 49.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @45.97 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 59.22 to 59.68. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 62.00 to 62.98. 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 BHF is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BHF is neutral. |
| ChartMill Relative Strength | 88.69 | POSITIVE | BHF has a high relative strength, it outperformed 88.69% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of BHF is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BHF is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BHF is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.29 | NEUTRAL | The RSI value for BHF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.23 | NEGATIVE | The MACD value suggests BHF has a negative trend. |
| Stochastics (14,3) | 44.84 | NEUTRAL | The Stochastics value for BHF is a neutral value. |
| Average True Range in percent/ATR (20) | 3.24 | MEDIUM VOLATILITY | The ATR as a percentage value for BHF suggests some volalility. |
| Average Directional Index/ADX (14) | 14.99 | NEGATIVE | The low ADX value for BHF suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 59.69 | 57.89 | 1.80 (3.02%) | 25.00% |
| An entry @59.69. This is a Buy Stop order right above the resistance zone. | An exit @57.89. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.80 points, which is 3.02%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.75%. |
- The distance between exit and entry is rather small compared to the average daily movement of BHF. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
59.13
-0.68 (-1.14%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg-1.14%
1 Week2.11%
2 Weeks-3.05%
1 Month0.41%
3 Month9.08%
6 Month15.85%
12 Month37.96%
2 Year24.88%
3 Year44.15%
5 Year112.55%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.77
ATR(20)%3.24%
ATR Inc-10.84%
Range Today2.37
ADR(20)1.86
ADR(20)%3.15%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.69
Mansfield1.29
10 Day High61.99
10 Day Low57.22
20 Day High62.58
20 Day Low56.13
52 Week High64.12
52 Week Low40
CS1 End57.9
CR1 Start59.22
Volume & EV
DER(3)-2.26%
DER(5)-1.1%
Volume815.50K
Volume Incr-21.08%
Vol(5)796.20K
Vol(50)950.69K