HMN FINANCIAL INC (HMNF) Stock Technical Analysis
USA - NASDAQ:HMNF - US40424G1085 - Common Stock
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.
Although HMNF has an excellent technical rating, it does not offer a high quality setup 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
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. |
NASDAQ:HMNF (10/9/2024, 8:03:33 PM)
27.99
-0.61 (-2.13%)
HMN FINANCIAL INC / HMNF FAQ
What is the technical rating for HMNF stock?
ChartMill assigns a technical rating of 10 / 10 to HMNF.
Can you provide the trend direction for HMN FINANCIAL INC?
The current trend direction for HMN FINANCIAL INC (HMNF) is Bullish.
What is the RSI signal for HMN FINANCIAL INC (HMNF) stock?
HMN FINANCIAL INC (HMNF) has an RSI value of 58.3409. This indicates that the stock is currently neutral.
What is the buy/sell signal for HMN FINANCIAL INC (HMNF) stock?
The buy/sell signal for HMN FINANCIAL INC (HMNF) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for HMN FINANCIAL INC?
HMN FINANCIAL INC (HMNF) has a support level at 26.26 and a resistance level at 28.23. Check the full technical report for our detailed analysis of HMNF support and resistance levels.