HORIZON BANCORP INC/IN (HBNC) Stock Technical Analysis
USA - NASDAQ:HBNC - US4404071049 - Common Stock
16.5 USD
-0.34 (-2.02%)
16.5 USD
0 (0%)
Overall HBNC gets a technical rating of 6 out of 10. Although HBNC is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
In the last month HBNC has a been trading in the 15.20 - 17.02 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.
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 58% of all stocks.
HBNC is part of the Banks industry. There are 392 other stocks in this industry, HBNC did better than 43% 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.
Although the technical rating is only medium, HBNC does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 16.74. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 16.44, a Stop Loss order could be placed below this zone.
More info and screens
14.32
17.21
When analyzing the support we can see 5 important areas.
- A support zone ranging from 16.30 to 16.44. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 15.92 to 15.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 15.42 to 15.63. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @15.01 from a horizontal line in the daily time frame.
- A support zone ranging from 14.46 to 14.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 16.74 to 17.04. 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 HBNC is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for HBNC is neutral. |
| ChartMill Relative Strength | 58.8 | 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) | DOWN | MIXED | The current price of HBNC is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.24 | NEUTRAL | The RSI value for HBNC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests HBNC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 49.77 | NEUTRAL | The Stochastics value for HBNC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.58 | MEDIUM VOLATILITY | The ATR as a percentage value for HBNC suggests some volalility. |
| Average Directional Index/ADX (14) | 10.47 | 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)
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 |
|---|---|---|---|
| 17.05 | 16.29 | 0.76 (4.46%) | 22.43% |
| An entry @17.05. This is a Buy Stop order right above the resistance zone. | An exit @16.29. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.76 points, which is 4.46%. | For a 1.00% total portfolio risk, you can invest 22.43% of your capital in this trade. |
- 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.
16.5
-0.34 (-2.02%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-2.02%
1 Week1.54%
2 Weeks-0.9%
1 Month8.98%
3 Month13.01%
6 Month7.98%
12 Month4.63%
2 Year54.49%
3 Year-8.13%
5 Year63.53%
10 Year56.32%
15 Year275.42%
Volatility
ATR(14)0.41
ATR(20)%2.58%
ATR Inc45.97%
Range Today0.39
ADR(20)0.42
ADR(20)%2.53%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS58.8
Mansfield-0.68
10 Day High16.85
10 Day Low15.96
20 Day High17.02
20 Day Low15.2
52 Week High19.18
52 Week Low12.7
CS1 End16.44
CR1 Start16.74
Volume & EV
DER(3)2.92%
DER(5)-0.73%
Volume635.70K
Volume Incr-24.39%
Vol(5)397.88K
Vol(50)351.85K