FIRST HORIZON CORP (FHN) Stock Technical Analysis
USA - NYSE:FHN - US3205171057 - Common Stock
Taking everything into account, FHN scores 1 out of 10 in our technical rating. FHN scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
FHN has a poor technical rating and the quality of the setup is also not perfect 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
17.55
We found 3 important support areas.
- A support zone ranging from 20.28 to 20.55. 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 @17.73 from a trend line in the weekly time frame.
4 important resistance areas can be observed.
- Resistance @20.61 from a trend line in the weekly time frame.
- A resistance zone ranging from 21.19 to 21.48. 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 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 | 35.72 | NEUTRAL | FHN is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of FHN is below the rising 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) | DOWN | NEGATIVE | The current price of FHN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 38.84 | NEUTRAL | The RSI value for FHN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests FHN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 36.48 | NEUTRAL | The Stochastics value for FHN is a neutral value. |
| Average True Range in percent/ATR (20) | 2.46 | MEDIUM VOLATILITY | The ATR as a percentage value for FHN suggests some volalility. |
| Average Directional Index/ADX (14) | 12.45 | NEGATIVE | The low ADX value for FHN suggests a weak or negative trend. |
20.59
-0.81 (-3.79%)
FIRST HORIZON CORP / FHN FAQ
Can you provide the ChartMill technical rating for FIRST HORIZON CORP?
ChartMill assigns a technical rating of 1 / 10 to FHN.
Can you provide the trend direction for FIRST HORIZON CORP?
The current trend direction for FIRST HORIZON CORP (FHN) is Bearish.
What is the RSI signal for FIRST HORIZON CORP (FHN) stock?
FIRST HORIZON CORP (FHN) has an RSI value of 38.8357. This indicates that the stock is currently neutral.
Can you provide the short term momentum for FIRST HORIZON CORP?
The short term momentum for FIRST HORIZON CORP (FHN) is negative.
What are the support and resistance levels for FIRST HORIZON CORP (FHN) stock?
FIRST HORIZON CORP (FHN) has a support level at 20.55 and a resistance level at 20.61. Check the full technical report for our detailed analysis of FHN support and resistance levels.