BERKSHIRE HILLS BANCORP INC (BHLB) Stock Technical Analysis
NYSE:BHLB - US0846801076 - Common Stock
26.51 USD
-0.08 (-0.3%)
26.51 USD
0 (0%)
Overall BHLB gets a technical rating of 6 out of 10. BHLB has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
BHLB is one of the lesser performing stocks in the Banks industry. 79% of 393 stocks in the same industry do better.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month BHLB has a been trading in the 23.88 - 26.81 range, which is quite wide. It is currently trading near the high of this range.
When comparing the performance of all stocks over the past year, BHLB turns out to be only a medium performer in the overall market: it outperformed 41% of all stocks.
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.
BHLB 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
22.67
27.31
3 important support areas can be observed.
- A support zone ranging from 25.26 to 25.84. 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.
We found 1 important resistance area.
- A resistance zone ranging from 26.55 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 | 41.01 | 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) | 60.68 | NEUTRAL | The RSI value for BHLB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.19 | POSITIVE | The MACD value suggests BHLB has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 90 | OVERBOUGHT | The high Stochastics value suggests BHLB may be overbought. |
| Average True Range in percent/ATR (20) | 2.09 | MEDIUM VOLATILITY | The ATR as a percentage value for BHLB suggests some volalility. |
| Average Directional Index/ADX (14) | 21.76 | NEUTRAL | The ADX value for BHLB suggests a possible start of a new 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)
26.51
-0.08 (-0.3%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-0.3%
1 Week4.37%
2 Weeks1.49%
1 Month5.87%
3 Month7.07%
6 Month-6.95%
12 Month-3.74%
2 Year26.84%
3 Year-6.03%
5 Year188.78%
10 Year-5.25%
15 Year49.94%
Volatility
ATR(14)0.54
ATR(20)%2.09%
ATR Inc-21.38%
Range Today0.37
ADR(20)0.5
ADR(20)%1.9%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS41.01
Mansfield-1.02
10 Day High26.81
10 Day Low24.93
20 Day High26.81
20 Day Low23.88
52 Week High32.36
52 Week Low22.27
CS1 End25.84
CR1 Start26.55
Volume & EV
DER(3)-0.43%
DER(5)0.91%
Volume712.48K
Volume Incr12.49%
Vol(5)466.89K
Vol(50)466.87K