BERKSHIRE HILLS BANCORP INC (BHLB) Stock Technical Analysis
USA - NYSE:BHLB - US0846801076 - Common Stock
26.13 USD
-0.17 (-0.65%)
26.13 USD
0 (0%)
Overall BHLB gets a technical rating of 6 out of 10. In the last year, BHLB was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
When comparing the yearly performance of all stocks, BHLB is a bad performer in the overall market: 69% of all stocks are doing better.
BHLB is one of the lesser performing stocks in the Banks industry. 83% of 392 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 23.88 - 26.81 range, which is quite wide. It is currently trading near the high of this range.
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.
Volume is considerably higher in the last couple of days.
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.
More info and screens
22.67
27.31
When analyzing the support we can see 3 important areas.
- 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.
When analyzing the resistance we notice 2 important areas.
- 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. |
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)
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 worst case loss on the trade is limited to 1.08 points, which is 4.08%. | When investing 24.54% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-0.65%
1 Week-1.88%
2 Weeks3.44%
1 Month7.35%
3 Month5.53%
6 Month-8.28%
12 Month-5.12%
2 Year25.02%
3 Year-7.37%
5 Year184.64%
10 Year-6.61%
15 Year47.79%
Volatility
ATR(14)0.58
ATR(20)%2.11%
ATR Inc16.72%
Range Today0.72
ADR(20)0.51
ADR(20)%1.95%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS31.62
Mansfield-1.13
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 End25.99
CR1 Start26.49
Volume & EV
DER(3)-0.4%
DER(5)-0.26%
Volume2.58M
Volume Incr131.45%
Vol(5)933.20K
Vol(50)504.07K