FIRST HORIZON CORP (FHN)       24.55  -0.05 (-0.2%)

24.55  -0.05 (-0.2%)

US3205171057 - Common Stock - After market: 24.55 0 (0%)

Technical Rating

8

Overall FHN gets a technical rating of 8 out of 10. Both in the recent history as in the last year, FHN has proven to be a steady performer, scoring decent points in every aspect analyzed.



Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that FHN is one of the better performing stocks in the market, outperforming 96% of all stocks.
FHN is one of the better performing stocks in the Banks industry, it outperforms 97% of 325 stocks in the same industry.
FHN is currently trading near its 52 week high. This is a good sign, certainly because the S&P500 Index is not trading near new highs.
FHN has an average volume of 5900460 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month FHN has a been trading in a tight range between 24.27 and 24.92.

Statistics

1 Month 3 Months 6 Months 12 Months 1.03% 5.64% 10.89% 50.34% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 96.42 15 - 24.92
FHN Weekly chart
FHN Daily chart

Support/Resistance Analysis


21.01

25.10
We found 3 important support areas.
  • A support zone ranging from 24.06 to 24.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 22.56 to 23.01. This zone is formed by a combination of multiple trend lines in the daily time frame.
  • Support @21.22 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
  • A resistance zone ranging from 24.57 to 24.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

Setup Analysis

Setup Rating

7

Besides having an excellent technical rating, FHN also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 24.54, a Stop Loss order could be placed below this zone.


Possible Trading Setup

Given the decent technical rating and the setup score, we can suggest the following trade.


ENTRYEXITDISTANCECAPITAL
24.6524.430.22 (0.90%)25.00%
An entry @24.65. This is a Buy Stop order right above the 10 day moving average.An exit @24.43. This is a Stop Loss order right below the 10 day low.The worst case loss on the trade is limited to 0.22 points, which is 0.90%.For a 0.23% total portfolio risk, you can invest 25.00% of your capital in this trade.

  • The distance between exit and entry is rather small compared to the average daily movement of FHN. Please evaluate whether better entry and exit points can be found.
  • 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.
FHN Daily chart

FIRST HORIZON CORP24.55

NYSE:FHN (12/8/2022, 5:30:00 PM)-0.05 (-0.2%)

After market: 24.55 0 (0%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Financials
GICS Industry Banks
Performance
Today -0.2% 1 Week -0.61%
2 Weeks -0.49% 1 Month 1.03%
3 Month 5.64% 6 Month 10.89%
Volatility
ATR(14) 0.16 ATR(20)% 0.62%
ATR Inc 1.08% Range Today 0.12
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 96.42 Mansfield 1.57
10 Day High 24.92 10 Day Low 24.44
20 Day High 24.92 20 Day Low 24.27
52 Week High 24.92 52 Week Low 15
CS1 End 24.54 CR1 Start 24.57
Volume & EV
DER(3) 1.43% DER(5) -0.11%
Volume 3.60M Volume Incr -28.63%
Vol(5) 5.15M Vol(50) 5.90M

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