HINGHAM INSTITUTION FOR SVGS (HIFS) Stock Technical Analysis
NASDAQ:HIFS - Nasdaq - US4333231029 - Common Stock - Currency: USD
We assign a technical rating of 3 out of 10 to HIFS. Although HIFS is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
HIFS is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
HIFS is part of the Banks industry. There are 395 other stocks in this industry. HIFS outperforms 71% of them.
Looking at the yearly performance, HIFS did better than 82% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
HIFS 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 HIFS is lagging the market slightly.
Although the technical rating is bad, HIFS does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 233.55. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 220.19, a Stop Loss order could be placed below this zone.
More info and screens
183.12
280.18
2 important support areas can be observed.
- A support zone ranging from 218.93 to 220.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @184.97 from a trend line in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 233.55 to 234.93. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 262.28 to 263.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @277.41 from a horizontal line in the daily 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 | DOWN | NEGATIVE | The long term trend for HIFS is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for HIFS is down. |
| ChartMill Relative Strength | 82.52 | POSITIVE | HIFS has a high relative strength, it outperformed 82.52% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of HIFS is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of HIFS is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of HIFS is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 37.6 | NEUTRAL | The RSI value for HIFS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.81 | NEGATIVE | The MACD value suggests HIFS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 17.48 | OVERSOLD | The low Stochastics value suggests HIFS may be oversold. |
| Average True Range in percent/ATR (20) | 3.51 | MEDIUM VOLATILITY | The ATR as a percentage value for HIFS suggests some volalility. |
| Average Directional Index/ADX (14) | 22.58 | NEUTRAL | The ADX value for HIFS suggests a possible start of a new 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)
224
-1.45 (-0.64%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-0.64%
1 Week-2.66%
2 Weeks-0.51%
1 Month-12.29%
3 Month-4.58%
6 Month-13.32%
12 Month35.75%
2 Year5.08%
3 Year-21.06%
5 Year33.51%
10 Year94.6%
15 Year506.55%
Volatility
ATR(14)7.84
ATR(20)%3.51%
ATR Inc-18.65%
Range Today7.44
ADR(20)7.48
ADR(20)%3.34%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS82.52
Mansfield-1.19
10 Day High236.09
10 Day Low220.76
20 Day High260.08
20 Day Low220.76
52 Week High300
52 Week Low165.99
CS1 End220.19
CR1 Start233.55
Volume & EV
DER(3)2.83%
DER(5)2.75%
Volume174.30K
Volume Incr-13.45%
Vol(5)94.60K
Vol(50)62.03K