BRIGHTHOUSE FINANCIAL INC (BHF) Stock Technical Analysis
NASDAQ:BHF - Nasdaq - US10922N1037 - Common Stock - Currency: USD
We assign a technical rating of 4 out of 10 to BHF. Although BHF is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
In the last month BHF has a been trading in the 51.35 - 62.73 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
When comparing the yearly performance of all stocks, we notice that BHF is one of the better performing stocks in the market, outperforming 71% of all 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 144 other stocks in this industry. BHF outperforms 71% of them.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
BHF is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BHF is lagging the market.
BHF has an average technical rating and it also does not offer a high quality setup 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
45.27
62.62
When analyzing the support we can see 4 important areas.
- Support @53.24 from a trend line in the daily time frame.
- Support @49.68 from a trend line in the weekly time frame.
- Support @48.86 from a trend line in the daily time frame.
- A support zone ranging from 45.73 to 45.97. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 56.20 to 57.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @58.49 from a horizontal line in the daily time frame.
- Resistance @59.78 from a horizontal line in the daily time frame.
- A resistance zone ranging from 61.00 to 62.00. 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 | 71.46 | POSITIVE | BHF has a high relative strength, it outperformed 71.46% off all stocks 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) | UP | MIXED | The current price of BHF is below 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) | 38.22 | NEUTRAL | The RSI value for BHF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.57 | NEGATIVE | The MACD value suggests BHF has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 23.43 | NEUTRAL | The Stochastics value for BHF is a neutral value. |
| Average True Range in percent/ATR (20) | 3.79 | MEDIUM VOLATILITY | The ATR as a percentage value for BHF suggests some volalility. |
| Average Directional Index/ADX (14) | 17.29 | 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)
53.77
-0.67 (-1.23%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg-1.23%
1 Week-8.69%
2 Weeks-5.73%
1 Month-10.1%
3 Month9.6%
6 Month11.81%
12 Month25.1%
2 Year13.56%
3 Year31.08%
5 Year93.28%
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.2
ATR(20)%3.79%
ATR Inc-44%
Range Today1.43
ADR(20)1.95
ADR(20)%3.63%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS71.46
Mansfield-0.27
10 Day High62.73
10 Day Low51.35
20 Day High62.73
20 Day Low51.35
52 Week High64.12
52 Week Low40
CS1 End49.52
CR1 Start56.52
Volume & EV
DER(3)4.81%
DER(5)1.31%
Volume815.10K
Volume Incr146.74%
Vol(5)1.51M
Vol(50)872.93K