FIRST HORIZON CORP (FHN) Stock Technical Analysis
NYSE:FHN - New York Stock Exchange, Inc. - US3205171057 - Common Stock - Currency: USD
Taking everything into account, FHN scores 8 out of 10 in our technical rating. In the last year, FHN was one of the better performers, but we do observe some doubts in the very recent evolution.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
Looking at the yearly performance, FHN did better than 83% of all other stocks.
FHN is part of the Banks industry. There are 393 other stocks in this industry. FHN outperforms 88% of them.
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 20.89 - 23.00 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.
FHN has an average volume of 7975010 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. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 21.77, a Stop Loss order could be placed below this zone.
More info and screens
17.53
23.04
4 important support areas can be observed.
- A support zone ranging from 21.16 to 21.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @20.52 from a horizontal line in the daily time frame.
- Support @19.10 from a horizontal line in the weekly time frame.
- Support @17.71 from a trend line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 21.87 to 21.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @22.43 from a horizontal line in the daily time frame.
- A resistance zone ranging from 22.81 to 22.81. 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 | NEUTRAL | NEUTRAL | The short term trend for FHN is neutral. |
| ChartMill Relative Strength | 83.48 | POSITIVE | FHN has a high relative strength, it outperformed 83.48% 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) | 51.21 | NEUTRAL | The RSI value for FHN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests FHN has a negative trend. |
| Stochastics (14,3) | 64.42 | NEUTRAL | The Stochastics value for FHN is a neutral value. |
| Average True Range in percent/ATR (20) | 2.4 | MEDIUM VOLATILITY | The ATR as a percentage value for FHN suggests some volalility. |
| Average Directional Index/ADX (14) | 19.76 | 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 |
|---|---|---|---|
| 22.00 | 21.15 | 0.85 (3.86%) | 25.00% |
| An entry @22.00. This is a Buy Stop order right above the resistance zone. | An exit @21.15. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.85 points, which is 3.86%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.97%. |
- 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.
21.82
+0.1 (+0.46%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg0.46%
1 Week-1.62%
2 Weeks1.91%
1 Month-3.28%
3 Month10.37%
6 Month4.75%
12 Month31.37%
2 Year73.86%
3 Year-3.54%
5 Year128.48%
10 Year50.17%
15 Year116.47%
Volatility
ATR(14)0.49
ATR(20)%2.4%
ATR Inc-22.94%
Range Today0.38
ADR(20)0.5
ADR(20)%2.3%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS83.48
Mansfield0.31
10 Day High22.32
10 Day Low20.97
20 Day High23
20 Day Low20.9
52 Week High23
52 Week Low14.83
CS1 End21.77
CR1 Start21.87
Volume & EV
DER(3)2.48%
DER(5)1.78%
Volume8.42M
Volume Incr-20.29%
Vol(5)8.14M
Vol(50)7.98M