BURKE & HERBERT FINANCIAL SE (BHRB) Stock Technical Analysis
NASDAQ:BHRB - Nasdaq - US12135Y1082 - Common Stock - Currency: USD
Overall BHRB gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, BHRB is only an average performer.
Both the short term and long term trends are positive. This is a very positive sign.
BHRB is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
When comparing the yearly performance of all stocks, we notice that BHRB is one of the better performing stocks in the market, outperforming 75% of all stocks. However, this relatively good performance is mostly due to a recent big move.
BHRB is an average performer in the Banks industry, it outperforms 68% of 394 stocks in the same industry.
BHRB is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BHRB is lagging the market.
Besides having an excellent technical rating, BHRB also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 64.33. Right above this resistance zone may be a good entry point.
More info and screens
46.99
71.75
4 important support areas can be observed.
- A support zone ranging from 59.06 to 59.56. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 55.37 to 55.38. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @49.57 from a trend line in the weekly time frame.
- Support @47.46 from a horizontal line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 64.33 to 65.33. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @68.72 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 70.10 to 71.04. 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 | UP | POSITIVE | The long term trend for BHRB is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BHRB is up. |
| ChartMill Relative Strength | 75.76 | POSITIVE | BHRB has a high relative strength, it outperformed 75.76% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BHRB is above the rising 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) | UP | POSITIVE | The current price of BHRB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 61.87 | NEUTRAL | The RSI value for BHRB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests BHRB has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 75.53 | NEUTRAL | The Stochastics value for BHRB is a neutral value. |
| Average True Range in percent/ATR (20) | 2.91 | MEDIUM VOLATILITY | The ATR as a percentage value for BHRB suggests some volalility. |
| Average Directional Index/ADX (14) | 33.09 | POSITIVE | The high ADX value value for BHRB suggests a strong 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 |
|---|---|---|---|
| 65.34 | 62.21 | 3.13 (4.79%) | 20.88% |
| An entry @65.34. This is a Buy Stop order right above the resistance zone. | An exit @62.21. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 3.13 points, which is 4.79%. | When investing 20.88% 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.
64.31
-0.19 (-0.29%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-0.29%
1 Week1.39%
2 Weeks0.69%
1 Month14.31%
3 Month28.59%
6 Month3.43%
12 Month9.35%
2 Year19.11%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.97
ATR(20)%2.91%
ATR Inc-31.87%
Range Today1.14
ADR(20)1.83
ADR(20)%2.85%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS75.76
Mansfield-0.32
10 Day High66
10 Day Low62.22
20 Day High66
20 Day Low55.4
52 Week High75.32
52 Week Low47.57
CS1 End59.56
CR1 Start64.33
Volume & EV
DER(3)-0.54%
DER(5)-0.89%
Volume50.00K
Volume Incr-22.11%
Vol(5)73.98K
Vol(50)61.89K