FIRST HORIZON CORP (FHN) Stock Technical Analysis
NYSE:FHN - New York Stock Exchange, Inc. - US3205171057 - Common Stock - Currency: USD
Overall FHN gets a technical rating of 8 out of 10. FHN has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, FHN did better than 85% of all other stocks.
FHN is one of the better performing stocks in the Banks industry, it outperforms 78% of 396 stocks in the same industry.
FHN is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so FHN is lagging the market slightly.
In the last month FHN has a been trading in the 19.09 - 20.58 range, which is quite wide. It is currently trading near the high of this range.
Prices have been consolidating recently, this may present a good entry opportunity.
FHN has an average volume of 5391940 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
FHN has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 19.48, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
16.51
22.65
We found 3 important support areas.
- A support zone ranging from 19.43 to 19.48. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @16.96 from a trend line in the weekly time frame.
- Support @16.68 from a trend line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 20.05 to 20.52. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 22.30 to 22.43. 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 | UP | POSITIVE | The long term trend for FHN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FHN is up. |
| ChartMill Relative Strength | 85.8 | POSITIVE | FHN has a high relative strength, it outperformed 85.8% off all stocks 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) | UP | POSITIVE | The current price of FHN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FHN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.9 | NEUTRAL | The RSI value for FHN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests FHN has a negative trend. |
| Stochastics (14,3) | 73.52 | NEUTRAL | The Stochastics value for FHN is a neutral value. |
| Average True Range in percent/ATR (20) | 2.03 | MEDIUM VOLATILITY | The ATR as a percentage value for FHN suggests some volalility. |
| Average Directional Index/ADX (14) | 17.48 | 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)
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 |
|---|---|---|---|
| 20.53 | 19.53 | 1.00 (4.87%) | 20.53% |
| An entry @20.53. This is a Buy Stop order right above the resistance zone. | An exit @19.53. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.00 points, which is 4.87%. | When investing 20.53% 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.
19.96
-0.31 (-1.53%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-1.53%
1 Week0.3%
2 Weeks0.35%
1 Month-1.19%
3 Month4.89%
6 Month-1.14%
12 Month39.87%
2 Year77.11%
3 Year-8.69%
5 Year100.4%
10 Year27.38%
15 Year74.32%
Volatility
ATR(14)0.41
ATR(20)%2.03%
ATR Inc-14.53%
Range Today0.46
ADR(20)0.4
ADR(20)%1.98%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.8
Mansfield0.34
10 Day High20.55
10 Day Low19.54
20 Day High20.58
20 Day Low19.09
52 Week High22.44
52 Week Low14.11
CS1 End19.48
CR1 Start20.05
Volume & EV
DER(3)-2.23%
DER(5)-0.35%
Volume4.60M
Volume Incr11.84%
Vol(5)4.94M
Vol(50)5.39M