HORIZON BANCORP INC/IN (HBNC) Stock Technical Analysis
NASDAQ:HBNC - Nasdaq - US4404071049 - Common Stock - Currency: USD
Taking everything into account, HBNC scores 1 out of 10 in our technical rating. HBNC has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
In the last month HBNC has a been trading in the 14.88 - 16.13 range, which is quite wide. It is currently trading near the lows of this range.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
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 45% of all stocks.
HBNC is an average performer in the Banks industry, it outperforms 40% of 392 stocks in the same industry.
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 bad, HBNC does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 14.70, a Stop Loss order could be placed below this zone.
More info and screens
12.78
16.55
When analyzing the support we can see 4 important areas.
- Support @15.12 from a trend line in the daily time frame.
- Support @14.70 from a horizontal line in the daily time frame.
- Support @13.72 from a trend line in the weekly time frame.
- A support zone ranging from 12.91 to 12.91. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 15.30 to 15.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 15.93 to 16.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 16.39 to 16.39. 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 | 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 | 45.93 | 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) | DOWN | NEGATIVE | The current price of HBNC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 41.18 | NEUTRAL | The RSI value for HBNC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests HBNC has a negative trend. |
| Stochastics (14,3) | 26.77 | NEUTRAL | The Stochastics value for HBNC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.77 | MEDIUM VOLATILITY | The ATR as a percentage value for HBNC suggests some volalility. |
| Average Directional Index/ADX (14) | 17.24 | 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)
15.22
+0.19 (+1.26%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg1.26%
1 Week-2.97%
2 Weeks-2.72%
1 Month-5.89%
3 Month-0.73%
6 Month-13.87%
12 Month5.92%
2 Year34.32%
3 Year-20.56%
5 Year34.44%
10 Year43.11%
15 Year241.05%
Volatility
ATR(14)0.43
ATR(20)%2.77%
ATR Inc-24.99%
Range Today0.28
ADR(20)0.4
ADR(20)%2.63%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS45.93
Mansfield-1.2
10 Day High16.08
10 Day Low14.88
20 Day High16.13
20 Day Low14.88
52 Week High19.18
52 Week Low12.7
CS1 End14.7
CR1 Start15.12
Volume & EV
DER(3)0.98%
DER(5)0.06%
Volume117.74K
Volume Incr-11.76%
Vol(5)181.70K
Vol(50)186.28K