We assign a technical rating of 8 out of 10 to HBNC. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, HBNC is only an average performer.
Although HBNC has an excellent technical rating, it does not present a decent entry opportunity 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
13.87
When analyzing the support we can see 5 important areas.
- Support @17.29 from a horizontal line in the daily time frame.
- A support zone ranging from 15.77 to 15.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 15.31 to 15.42. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 15.01 to 15.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @14.01 from a trend line in the weekly 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 | UP | POSITIVE | The long term trend for HBNC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for HBNC is up. |
| ChartMill Relative Strength | 72.39 | POSITIVE | HBNC has a high relative strength, it outperformed 72.39% off all stocks 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) | 78.52 | OVERBOUGHT | The high RSI value suggests HBNC may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.14 | POSITIVE | The MACD value suggests HBNC has a positive trend. |
| Stochastics (14,3) | 94.5 | OVERBOUGHT | The high Stochastics value suggests HBNC may be overbought. |
| Average True Range in percent/ATR (20) | 2.3 | MEDIUM VOLATILITY | The ATR as a percentage value for HBNC suggests some volalility. |
| Average Directional Index/ADX (14) | 26.43 | POSITIVE | The high ADX value value for HBNC suggests a strong trend. |
18.47
+0.09 (+0.49%)
HORIZON BANCORP INC/IN / HBNC FAQ
What is the technical rating for HBNC stock?
ChartMill assigns a technical rating of 8 / 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 Bullish.
What is the RSI signal for HBNC stock?
HORIZON BANCORP INC/IN (HBNC) has an RSI value of 78.5214. This indicates that the stock is currently overbought.
What is the short term momentum for HBNC stock?
The short term momentum for HORIZON BANCORP INC/IN (HBNC) is positive.
What is the buy/sell signal for HBNC stock?
The buy/sell signal for HORIZON BANCORP INC/IN (HBNC) is buy as both the short term and long term trends are positive.