HORIZON BANCORP INC/IN (HBNC) Stock Technical Analysis
USA - NASDAQ:HBNC - US4404071049 - Common Stock
16.6 USD
+1 (+6.41%)
16.6 USD
0 (0%)
We assign a technical rating of 5 out of 10 to HBNC. In the last year, HBNC was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
In the last month HBNC has a been trading in the 14.97 - 16.70 range, which is quite wide. It is currently trading near the high of this range.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
When comparing the performance of all stocks over the past year, HBNC turns out to be only a medium performer in the overall market: it outperformed 54% of all stocks.
HBNC is part of the Banks industry. There are 391 other stocks in this industry, HBNC did better than 62% of them.
HBNC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so HBNC is lagging the market.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
HBNC has an average technical rating and it also does not offer a high quality setup 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
13.65
17.21
5 important support areas can be observed.
- Support @16.53 from a trend line in the weekly time frame.
- A support zone ranging from 15.68 to 16.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 15.01 to 15.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @14.70 from a horizontal line in the daily time frame.
- Support @13.79 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- Resistance @16.62 from a trend line in the daily time frame.
- Resistance @17.04 from a horizontal line in the daily time frame.
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 HBNC is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for HBNC is neutral. |
| ChartMill Relative Strength | 54.8 | NEUTRAL | HBNC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of HBNC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of HBNC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of HBNC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.87 | NEUTRAL | The RSI value for HBNC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests HBNC has a positive trend. |
| Stochastics (14,3) | 67.65 | NEUTRAL | The Stochastics value for HBNC is a neutral value. |
| Average True Range in percent/ATR (20) | 3.12 | MEDIUM VOLATILITY | The ATR as a percentage value for HBNC suggests some volalility. |
| Average Directional Index/ADX (14) | 17.12 | NEGATIVE | The low ADX value for HBNC 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)
16.6
+1 (+6.41%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg6.41%
1 Week8.85%
2 Weeks10.37%
1 Month2.47%
3 Month6.27%
6 Month14.01%
12 Month4.34%
2 Year74.92%
3 Year11.33%
5 Year33.87%
10 Year43.1%
15 Year232.82%
Volatility
ATR(14)0.59
ATR(20)%3.12%
ATR Inc64.88%
Range Today1
ADR(20)0.5
ADR(20)%3.03%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS54.8
3 months CRS66.7
6 months CRS55.65
Mansfield-0.72
10 Day High16.7
10 Day Low14.97
20 Day High16.7
20 Day Low14.97
52 Week High19.18
52 Week Low12.7
CS1 End16.53
CR1 Start16.62
Volume & EV
DER(3)0.28%
DER(5)0.76%
Volume469.10K
Volume Incr18.53%
Vol(5)447.62K
Vol(50)446.09K
HORIZON BANCORP INC/IN / HBNC FAQ
What is the technical rating for HBNC stock?
ChartMill assigns a technical rating of 5 / 10 to HBNC.
Can you provide the trend direction for HORIZON BANCORP INC/IN?
The current trend direction for HORIZON BANCORP INC/IN (HBNC) is Bearish.
What is the RSI signal for HBNC stock?
HORIZON BANCORP INC/IN (HBNC) has an RSI value of 58.868. This indicates that the stock is currently neutral.
What is the short term momentum for HBNC stock?
The short term momentum for HORIZON BANCORP INC/IN (HBNC) is neutral.