FIRST HORIZON CORP (FHN) Stock Technical Analysis
USA - NYSE:FHN - US3205171057 - Common Stock
20.56 USD
-0.06 (-0.29%)
20.9686 USD
+0.41 (+1.99%)
Taking everything into account, FHN scores 1 out of 10 in our technical rating. FHN 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.
FHN is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
FHN has an average volume of 13724700 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
When comparing the performance of all stocks over the past year, FHN turns out to be only a medium performer in the overall market: it outperformed 55% of all stocks.
FHN is an average performer in the Banks industry, it outperforms 68% of 391 stocks in the same industry.
FHN is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so FHN is lagging the market.
FHN has a poor technical rating and the quality of the setup is also only medium 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
17.37
23.66
When analyzing the support we can see 3 important areas.
- A support zone ranging from 19.94 to 20.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @19.43 from a horizontal line in the daily time frame.
- Support @17.55 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 21.70 to 22.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 22.81 to 23.43. 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 FHN is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for FHN is down. |
| ChartMill Relative Strength | 55.57 | NEUTRAL | FHN is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of FHN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of FHN is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of FHN is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 37.5 | NEUTRAL | The RSI value for FHN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.22 | NEGATIVE | The MACD value suggests FHN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 21.88 | NEUTRAL | The Stochastics value for FHN is a neutral value. |
| Average True Range in percent/ATR (20) | 3.6 | MEDIUM VOLATILITY | The ATR as a percentage value for FHN suggests some volalility. |
| Average Directional Index/ADX (14) | 19.05 | NEGATIVE | The low ADX value for FHN 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)
20.56
-0.06 (-0.29%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-0.29%
1 Week3.11%
2 Weeks-12.25%
1 Month-9.27%
3 Month-9.86%
6 Month15.44%
12 Month20.3%
2 Year91.26%
3 Year-16.12%
5 Year97.5%
10 Year44.99%
15 Year103.77%
Volatility
ATR(14)0.88
ATR(20)%3.6%
ATR Inc-52.91%
Range Today0.41
ADR(20)0.73
ADR(20)%3.55%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS55.57
3 months CRS17.08
6 months CRS59.48
Mansfield-1.01
10 Day High23.7
10 Day Low19.8
20 Day High23.7
20 Day Low19.8
52 Week High23.7
52 Week Low15.19
CS1 End20.28
CR1 Start21.7
Volume & EV
DER(3)0.58%
DER(5)0.32%
Volume14.60M
Volume Incr-5.34%
Vol(5)15.57M
Vol(50)13.72M