BERKSHIRE HILLS BANCORP INC (BHLB) Stock Technical Analysis
USA - NYSE:BHLB - US0846801076 - Common Stock
Taking everything into account, BHLB scores 6 out of 10 in our technical rating. BHLB has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
BHLB has an average technical rating and the quality of the presented setup is also not ideal 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.
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22.67
3 important support areas can be observed.
- A support zone ranging from 25.43 to 25.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 23.82 to 24.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 22.90 to 22.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- Resistance @26.49 from a trend line in the daily time frame.
- A resistance zone ranging from 26.92 to 27.04. 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 BHLB is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BHLB is up. |
| ChartMill Relative Strength | 31.62 | NEUTRAL | BHLB is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BHLB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BHLB is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BHLB is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 55.5 | NEUTRAL | The RSI value for BHLB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests BHLB has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 79.36 | NEUTRAL | The Stochastics value for BHLB is a neutral value. |
| Average True Range in percent/ATR (20) | 2.11 | MEDIUM VOLATILITY | The ATR as a percentage value for BHLB suggests some volalility. |
| Average Directional Index/ADX (14) | 22.3 | NEUTRAL | The ADX value for BHLB suggests a possible start of a new trend. |
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 |
|---|---|---|---|
| 26.50 | 25.42 | 1.08 (4.08%) | 24.54% |
| An entry @26.50. This is a Buy Stop order right above the resistance zone. | An exit @25.42. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.08 points, which is 4.08%. | For a 1.00% total portfolio risk, you can invest 24.54% of your capital in this trade. |
- 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.
26.13
-0.17 (-0.65%)
BERKSHIRE HILLS BANCORP INC / BHLB FAQ
What is the technical rating for BHLB stock?
ChartMill assigns a technical rating of 6 / 10 to BHLB.
Can you provide the trend direction for BERKSHIRE HILLS BANCORP INC?
The current trend direction for BERKSHIRE HILLS BANCORP INC (BHLB) is Bearish.
What is the RSI signal for BERKSHIRE HILLS BANCORP INC (BHLB) stock?
BERKSHIRE HILLS BANCORP INC (BHLB) has an RSI value of 55.4972. This indicates that the stock is currently neutral.
What are the support and resistance levels for BERKSHIRE HILLS BANCORP INC (BHLB) stock?
BERKSHIRE HILLS BANCORP INC (BHLB) has a support level at 25.99 and a resistance level at 26.49. Check the full technical report for our detailed analysis of BHLB support and resistance levels.