HMN FINANCIAL INC (HMNF) Stock Technical Analysis
NASDAQ:HMNF - Nasdaq - US40424G1085 - Common Stock - Currency: USD
Overall HMNF gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, HMNF is showing a nice and steady performance.
Warning: HMNF has an average volume of 9688 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, HMNF did better than 84% of all other stocks. On top of that, HMNF also shows a nice and consistent pattern of rising prices.
HMNF is one of the better performing stocks in the Banks industry, it outperforms 88% of 393 stocks in the same industry.
A new 52 week high is currently being made by HMNF, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
In the last month HMNF has a been trading in the 24.69 - 29.40 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days.
Although HMNF 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
17.94
28.89
When analyzing the support we can see 5 important areas.
- A support zone ranging from 26.17 to 26.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @25.50 from a horizontal line in the weekly time frame.
- Support @24.66 from a horizontal line in the daily time frame.
- Support @20.90 from a trend line in the weekly time frame.
- Support @18.12 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 28.23 to 28.60. 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 | UP | POSITIVE | The long term trend for HMNF is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for HMNF is up. |
| ChartMill Relative Strength | 84.01 | POSITIVE | HMNF has a high relative strength, it outperformed 84.01% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of HMNF is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of HMNF is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of HMNF is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.34 | NEUTRAL | The RSI value for HMNF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests HMNF has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 79.99 | NEUTRAL | The Stochastics value for HMNF is a neutral value. |
| Average True Range in percent/ATR (20) | 3.06 | MEDIUM VOLATILITY | The ATR as a percentage value for HMNF suggests some volalility. |
| Average Directional Index/ADX (14) | 16.1 | NEGATIVE | The low ADX value for HMNF 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)
NASDAQ:HMNF (10/9/2024, 8:03:33 PM)
27.99
-0.61 (-2.13%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-2.13%
1 Week2.41%
2 Weeks5.34%
1 Month12%
3 Month15.66%
6 Month40.79%
12 Month48.1%
2 Year22.44%
3 Year20.08%
5 Year33.29%
10 Year123.92%
15 Year389.34%
Volatility
ATR(14)0.79
ATR(20)%3.06%
ATR Inc58.89%
Range Today1.54
ADR(20)0.76
ADR(20)%2.7%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.01
Mansfield1.15
10 Day High29.4
10 Day Low26.6
20 Day High29.4
20 Day Low24.69
52 Week High29.4
52 Week Low17.6
CS1 End26.26
CR1 Start28.23
Volume & EV
DER(3)3.56%
DER(5)5.87%
Volume156.60K
Volume Incr833.2%
Vol(5)47.92K
Vol(50)9.69K