BERKSHIRE HILLS BANCORP INC (BHLB)       25.06  +0.02 (+0.08%)

25.06  +0.02 (+0.08%)

US0846801076 - Common Stock - After market: 25.06 0 (0%)

Technical Rating

0

Overall BHLB gets a technical rating of 0 out of 10. BHLB'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.



BHLB is an average performer in the Banks industry, it outperforms 55% of 374 stocks in the same industry.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
73% of all other stocks performed better in the past year than BHLB.
BHLB is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.
BHLB 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.

Statistics

1 Month 3 Months 6 Months 12 Months -12.59% -16.19% -8.21% -13.05% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 27.16 23.04 - 31.63
BHLB Weekly chart
BHLB Daily chart

Support/Resistance Analysis


23.80

31.89
When analyzing the support we notice one important area.
  • A support zone ranging from 24.04 to 24.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
  • A resistance zone ranging from 25.10 to 25.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A resistance zone ranging from 31.29 to 31.57. This zone is formed by a combination of multiple trend lines in multiple time frames.

Setup Analysis

Setup Rating

7

Although the technical rating is bad, BHLB does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 25.1. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 24.18, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for BHLB in the last couple of days, which is a good sign.

  • Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.

BHLB Daily chart

BERKSHIRE HILLS BANCORP INC25.06

NYSE:BHLB (3/31/2023, 7:04:42 PM)+0.02 (+0.08%)

After market: 25.06 0 (0%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
Today0.08%
1 Week-0.16%
2 Weeks2.62%
1 Month-12.59%
3 Month-16.19%
6 Month-8.21%
Volatility
ATR(14)1.21
ATR(20)%4.97%
ATR Inc-54.85%
Range Today0.48
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS27.16
Mansfield-1.32
10 Day High26.05
10 Day Low24.09
20 Day High28.71
20 Day Low23.04
52 Week High31.63
52 Week Low23.04
CS1 End24.18
CR1 Start25.1
Volume & EV
DER(3)4.95%
DER(5)4.29%
Volume287.20K
Volume Incr-19.99%
Vol(5)369.46K
Vol(50)374.14K

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