BRIGHTHOUSE FINANCIAL INC (BHF) Technical Analysis
NASDAQ:BHF • US10922N1037
We assign a technical rating of 1 out of 10 to BHF. BHF has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- BHF is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- BHF is one of the better performing stocks in the Insurance industry, it outperforms 75% of 149 stocks in the same industry.
- 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.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- When compared to the yearly performance of all other stocks, BHF outperforms 44% of them, which is more or less in line with the market.
Although the technical rating is bad, BHF does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 60.19, a Stop Loss order could be placed below this zone.
More info and screens
43.91
When analyzing the support we can see 2 important areas.
- A support zone ranging from 59.18 to 60.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @44.35 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 64.42 to 64.55. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 66.01 to 66.01. 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 | NEUTRAL | NEUTRAL | The long term trend for BHF is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BHF is down. |
| ChartMill Relative Strength | 44.92 | NEUTRAL | BHF is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BHF is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BHF is below a declining 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) | 38.29 | NEUTRAL | The RSI value for BHF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests BHF has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 27.88 | NEUTRAL | The Stochastics value for BHF is a neutral value. |
| Average True Range in percent/ATR (20) | 1.61 | LOW VOLATILITY | The low ATR as a percentage value for BHF suggests low volalility. |
| Average Directional Index/ADX (14) | 43.54 | POSITIVE | The high ADX value value for BHF suggests a strong trend. |
BHF Technicals: Chart, Performance Metrics, Trend & Indicators
60.38
+0.15 (+0.25%)
BRIGHTHOUSE FINANCIAL INC / BHF FAQ
What is the technical rating for BHF stock?
ChartMill assigns a technical rating of 1 / 10 to BHF.
Can you provide the trend direction for BRIGHTHOUSE FINANCIAL INC?
The current trend direction for BRIGHTHOUSE FINANCIAL INC (BHF) is Bearish.
Can you provide the RSI signal for BRIGHTHOUSE FINANCIAL INC?
BRIGHTHOUSE FINANCIAL INC (BHF) has an RSI value of 38.2932. This indicates that the stock is currently neutral.
What is the MACD signal for BRIGHTHOUSE FINANCIAL INC (BHF) stock?
The MACD indicator for BRIGHTHOUSE FINANCIAL INC (BHF) has a value of -0.0193429, indicating a bearish trend.