NASDAQ:HBNC • US4404071049
We assign a technical rating of 0 out of 10 to HBNC. HBNC scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The technical rating of HBNC is bad and it also does not present a 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.
14.55
We found 4 important support areas.
2 important resistance areas can be observed.
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 | DOWN | NEGATIVE | The short term trend for HBNC is down. |
| ChartMill Relative Strength | 31.7 | NEUTRAL | HBNC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of HBNC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of HBNC is below a declining 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) | 39.65 | NEUTRAL | The RSI value for HBNC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.14 | NEGATIVE | The MACD value suggests HBNC has a negative trend. |
| Stochastics (14,3) | 31.84 | NEUTRAL | The Stochastics value for HBNC is a neutral value. |
| Average True Range in percent/ATR (20) | 3.5 | MEDIUM VOLATILITY | The ATR as a percentage value for HBNC suggests some volalility. |
| Average Directional Index/ADX (14) | 12.72 | NEGATIVE | The low ADX value for HBNC suggests a weak or negative trend. |
16.84
-0.79 (-4.48%)
ChartMill assigns a technical rating of 0 / 10 to HBNC.
The current trend direction for HORIZON BANCORP INC/IN (HBNC) is Bearish.
HORIZON BANCORP INC/IN (HBNC) has an RSI value of 39.6535. This indicates that the stock is currently neutral.
The MACD indicator for HORIZON BANCORP INC/IN (HBNC) has a value of -0.135237, indicating a bearish trend.