HORIZON BANCORP INC/IN (HBNC) Technical Analysis
NASDAQ:HBNC • US4404071049
Current stock price
HBNC Technical Rating and Analysis
Overall HBNC gets a technical rating of 0 out of 10. 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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, HBNC is a bad performer in the overall market: 69% of all stocks are doing better.
- HBNC is part of the Banks industry. There are 381 other stocks in this industry, of which 78% are performing better than HBNC.
- In the last month HBNC has a been trading in the 15.43 - 18.25 range, which is quite wide. It is currently trading near the lows of this range.
- HBNC is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so HBNC is lagging the market slightly.
HBNC Weekly and Daily overview Charts
HBNC Setup Rating and Analysis
Although the technical rating is bad, HBNC does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 15.88, a Stop Loss order could be placed below this zone.
More info and screens
HBNC Support and Resistance Analysis
14.31
When analyzing the support we can see 2 important areas.
- A support zone ranging from 15.42 to 15.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @14.45 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- Resistance @18.12 from a horizontal line in the daily time frame.
- A resistance zone ranging from 18.47 to 18.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
HBNC Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The long term trend for HBNC is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for HBNC is down. |
| ChartMill Relative Strength | 31.94 | 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 | MIXED | The current price of HBNC is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 36.32 | NEUTRAL | The RSI value for HBNC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests HBNC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 14.55 | OVERSOLD | The low Stochastics value suggests HBNC may be oversold. |
| Average True Range in percent/ATR (20) | 3.63 | MEDIUM VOLATILITY | The ATR as a percentage value for HBNC suggests some volalility. |
| Average Directional Index/ADX (14) | 25.82 | POSITIVE | The high ADX value value for HBNC suggests a strong trend. |
HBNC Chart- and CandleStick Pattern Analysis
HBNC Technicals: Chart, Performance Metrics, Trend & Indicators
15.92
+0.35 (+2.25%)
HORIZON BANCORP INC/IN / HBNC TA FAQ
What is the technical rating for HBNC stock?
ChartMill assigns a technical rating of 0 / 10 to HBNC.
What is the current trend direction of HORIZON BANCORP INC/IN (HBNC) stock?
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 36.3172. This indicates that the stock is currently neutral.
What is the MACD signal for HORIZON BANCORP INC/IN (HBNC) stock?
The MACD indicator for HORIZON BANCORP INC/IN (HBNC) has a value of -0.06782, indicating a bearish trend.
What is the buy/sell signal for HORIZON BANCORP INC/IN (HBNC) stock?
The buy/sell signal for HORIZON BANCORP INC/IN (HBNC) is sell as both the short term and long term trends are negative.