FIRST HAWAIIAN INC (FHB) Stock Technical Analysis
NASDAQ:FHB - Nasdaq - US32051X1081 - Common Stock - Currency: USD
We assign a technical rating of 2 out of 10 to FHB. FHB 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.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the performance of all stocks over the past year, FHB turns out to be only a medium performer in the overall market: it outperformed 67% of all stocks.
FHB is an average performer in the Banks industry, it outperforms 41% of 396 stocks in the same industry.
FHB 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 FHB is lagging the market slightly.
In the last month FHB has a been trading in the 23.12 - 24.82 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, FHB does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 24.36. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 23.98, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
20.93
28.18
We found 3 important support areas.
- A support zone ranging from 23.75 to 23.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @21.85 from a trend line in the weekly time frame.
- A support zone ranging from 21.14 to 21.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 24.36 to 25.01. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 27.47 to 27.90. 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 | DOWN | NEGATIVE | The long term trend for FHB is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for FHB is neutral. |
| ChartMill Relative Strength | 67.3 | NEUTRAL | FHB is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FHB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of FHB is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of FHB is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.14 | NEUTRAL | The RSI value for FHB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests FHB has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 46.03 | NEUTRAL | The Stochastics value for FHB is a neutral value. |
| Average True Range in percent/ATR (20) | 1.9 | LOW VOLATILITY | The low ATR as a percentage value for FHB suggests low volalility. |
| Average Directional Index/ADX (14) | 16.63 | NEGATIVE | The low ADX value for FHB 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)
24.135
+0.53 (+2.22%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg2.22%
1 Week1.07%
2 Weeks2.27%
1 Month2.09%
3 Month-6.42%
6 Month-11.59%
12 Month20.98%
2 Year34.01%
3 Year6.27%
5 Year39.99%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.48
ATR(20)%1.9%
ATR Inc-4.99%
Range Today0.48
ADR(20)0.38
ADR(20)%1.58%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS67.3
Mansfield-0.56
10 Day High24.2
10 Day Low23.12
20 Day High24.82
20 Day Low23.12
52 Week High28.8
52 Week Low19.48
CS1 End23.98
CR1 Start24.36
Volume & EV
DER(3)-0.29%
DER(5)1.32%
Volume519.00K
Volume Incr-2.24%
Vol(5)612.50K
Vol(50)824.52K