BURKE & HERBERT FINANCIAL SE (BHRB) Stock Technical Analysis
NASDAQ:BHRB - Nasdaq - US12135Y1082 - Common Stock - Currency: USD
We assign a technical rating of 4 out of 10 to BHRB. BHRB has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
In the last month BHRB has a been trading in the 54.45 - 60.66 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
When comparing the yearly performance of all stocks, we notice that BHRB is one of the better performing stocks in the market, outperforming 70% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
BHRB is part of the Banks industry. There are 396 other stocks in this industry, BHRB did better than 47% of them.
BHRB is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so BHRB is lagging the market slightly.
Volume is considerably higher in the last couple of days.
BHRB 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
46.99
69.41
2 important support areas can be observed.
- A support zone ranging from 48.67 to 49.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @47.46 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 57.10 to 57.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 58.74 to 59.04. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @62.97 from a horizontal line in the daily time frame.
- Resistance @68.72 from a horizontal line in the weekly 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 BHRB is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BHRB is neutral. |
| ChartMill Relative Strength | 70.05 | POSITIVE | BHRB has a high relative strength, it outperformed 70.05% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BHRB is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BHRB is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BHRB is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.96 | NEUTRAL | The RSI value for BHRB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests BHRB has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 56.83 | NEUTRAL | The Stochastics value for BHRB is a neutral value. |
| Average True Range in percent/ATR (20) | 2.57 | MEDIUM VOLATILITY | The ATR as a percentage value for BHRB suggests some volalility. |
| Average Directional Index/ADX (14) | 19.88 | NEGATIVE | The low ADX value for BHRB 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)
56.92
-1.83 (-3.11%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-3.11%
1 Week-0.8%
2 Weeks0%
1 Month-3.39%
3 Month-3.1%
6 Month-17.7%
12 Month19.93%
2 Year-11.34%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.45
ATR(20)%2.57%
ATR Inc19.72%
Range Today1.97
ADR(20)1.43
ADR(20)%2.51%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS70.05
Mansfield-0.95
10 Day High60.66
10 Day Low55.42
20 Day High60.66
20 Day Low54.45
52 Week High75.32
52 Week Low47.26
CS1 End49.25
CR1 Start57.1
Volume & EV
DER(3)-0.78%
DER(5)0.61%
Volume74.20K
Volume Incr86.83%
Vol(5)56.46K
Vol(50)37.33K