BERKSHIRE HILLS BANCORP INC (BHLB) Stock Technical Analysis
NYSE:BHLB - New York Stock Exchange, Inc. - US0846801076 - Common Stock - Currency: USD
Taking everything into account, BHLB scores 5 out of 10 in our technical rating. BHLB has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
BHLB is one of the lesser performing stocks in the Banks industry. 68% of 395 stocks in the same industry do better.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month BHLB has a been trading in the 23.63 - 26.61 range, which is quite wide. It is currently trading near the high of this range.
When compared to the yearly performance of all other stocks, BHLB outperforms 66% of them, which is more or less in line with the market.
BHLB is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BHLB is lagging the market.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
BHLB has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
22.67
28.80
When analyzing the support we can see 3 important areas.
- A support zone ranging from 24.88 to 25.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @23.56 from a trend line in the weekly time frame.
- 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.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 26.53 to 26.92. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @28.51 from a trend line in the daily time frame.
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 | 66.16 | 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) | UP | MIXED | The current price of BHLB is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 65.5 | NEUTRAL | The RSI value for BHLB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.22 | POSITIVE | The MACD value suggests BHLB has a positive trend. |
| Stochastics (14,3) | 86.28 | OVERBOUGHT | The high Stochastics value suggests BHLB may be overbought. |
| Average True Range in percent/ATR (20) | 2.19 | MEDIUM VOLATILITY | The ATR as a percentage value for BHLB suggests some volalility. |
| Average Directional Index/ADX (14) | 15.81 | NEGATIVE | The low ADX value for BHLB 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)
26.5
+0.45 (+1.73%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg1.73%
1 Week7.55%
2 Weeks11.11%
1 Month5.87%
3 Month12.57%
6 Month-6.09%
12 Month20.07%
2 Year16.18%
3 Year-5.93%
5 Year166.06%
10 Year-8.93%
15 Year31.25%
Volatility
ATR(14)0.62
ATR(20)%2.19%
ATR Inc89.21%
Range Today0.62
ADR(20)0.54
ADR(20)%2.05%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS66.16
Mansfield-0.89
10 Day High26.61
10 Day Low23.63
20 Day High26.61
20 Day Low23.63
52 Week High32.36
52 Week Low22.12
CS1 End25.05
CR1 Start26.53
Volume & EV
DER(3)1.4%
DER(5)1.91%
Volume431.60K
Volume Incr16.91%
Vol(5)542.41K
Vol(50)484.38K