BERKSHIRE HILLS BANCORP INC (BHLB)       31.18  +0.62 (+2.03%)

31.18  +0.62 (+2.03%)

US0846801076 - Common Stock - After market: 31.18 0 (0%)

Technical Rating

9

Taking everything into account, BHLB scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, BHLB has proven to be a steady performer, scoring decent points in every aspect analyzed.



Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, BHLB did better than 88% of all other stocks.
BHLB is one of the better performing stocks in the Banks industry, it outperforms 80% of 321 stocks in the same industry.
BHLB is currently trading in the upper part of its 52 week range. The market is still in the middle of its 52 week range, so BHLB slightly outperforms the market at the moment.
In the last month BHLB has a been trading in the 27.40 - 31.27 range, which is quite wide. It is currently trading near the high of this range.
Considerably lower volume is observed in the last couple of days.

Statistics

1 Month 3 Months 6 Months 12 Months 7.59% 11.56% 19.19% 14.42% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 88.92 23.62 - 31.78
BHLB Weekly chart
BHLB Daily chart

Support/Resistance Analysis


23.94

31.60
5 important support areas can be observed.
  • A support zone ranging from 29.05 to 29.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @28.21 from a trend line in the daily time frame.
  • A support zone ranging from 27.30 to 27.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @26.71 from a trend line in the weekly time frame.
  • Support @24.18 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
  • A resistance zone ranging from 31.29 to 31.29. This zone is formed by a combination of multiple trend lines in multiple time frames.

Setup Analysis

Setup Rating

5

Although BHLB has an excellent technical rating, the quality of the presented setup is 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.


BHLB Daily chart

BERKSHIRE HILLS BANCORP INC31.18

NYSE:BHLB (11/30/2022, 7:21:47 PM)+0.62 (+2.03%)

After market: 31.18 0 (0%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Financials
GICS Industry Banks
Performance
Today 2.03% 1 Week 1.04%
2 Weeks 1.33% 1 Month 7.59%
3 Month 11.56% 6 Month 19.19%
Volatility
ATR(14) 0.7 ATR(20)% 2.37%
ATR Inc 31.81% Range Today 1.38
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 88.92 Mansfield 1.19
10 Day High 31.27 10 Day Low 29.64
20 Day High 31.27 20 Day Low 27.4
52 Week High 31.78 52 Week Low 23.62
CS1 End 29.47 CR1 Start 31.29
Volume & EV
DER(3) 1.33% DER(5) 0.86%
Volume 350.90K Volume Incr -33.7%
Vol(5) 184.74K Vol(50) 286.03K

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