HOMESTREET INC (HMST) Stock Technical Analysis
USA - NASDAQ:HMST - US43785V1026 - Common Stock
Overall HMST gets a technical rating of 7 out of 10. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, HMST is a bad performer.
Besides having an excellent technical rating, HMST also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 13.36, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for HMST in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
8.98
We found 3 important support areas.
- A support zone ranging from 12.62 to 13.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @10.43 from a trend line in the weekly time frame.
- Support @9.07 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 13.91 to 14.01. 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 HMST is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for HMST is up. |
| ChartMill Relative Strength | 22.52 | NEGATIVE | HMST has a low relative strength, it was outperformed by 77.48% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of HMST is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of HMST is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of HMST is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.3 | NEUTRAL | The RSI value for HMST is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests HMST has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 61.76 | NEUTRAL | The Stochastics value for HMST is a neutral value. |
| Average True Range in percent/ATR (20) | 3.55 | MEDIUM VOLATILITY | The ATR as a percentage value for HMST suggests some volalility. |
| Average Directional Index/ADX (14) | 16.23 | NEGATIVE | The low ADX value for HMST suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 14.02 | 12.81 | 1.21 (8.63%) | 11.59% |
| An entry @14.02. This is a Buy Stop order right above the resistance zone. | An exit @12.81. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.21 points, which is 8.63%. | For a 1.00% total portfolio risk, you can invest 11.59% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
13.87
+0.25 (+1.84%)
HOMESTREET INC / HMST FAQ
What is the ChartMill technical rating of HOMESTREET INC (HMST) stock?
ChartMill assigns a technical rating of 7 / 10 to HMST.
What is the current trend direction of HOMESTREET INC (HMST) stock?
The current trend direction for HOMESTREET INC (HMST) is Bullish.
Can you provide the RSI signal for HOMESTREET INC?
HOMESTREET INC (HMST) has an RSI value of 59.2983. This indicates that the stock is currently neutral.
Can you provide the MACD signal for HOMESTREET INC?
The MACD indicator for HOMESTREET INC (HMST) has a value of 0.0483157, indicating a bearish trend.
What is the short term momentum for HMST stock?
The short term momentum for HOMESTREET INC (HMST) is positive.