HOMESTREET INC (HMST) Stock Technical Analysis
USA - NASDAQ:HMST - US43785V1026 - Common Stock
13.87 USD
+0.25 (+1.84%)
14.14 USD
+0.27 (+1.95%)
Taking everything into account, HMST scores 7 out of 10 in our technical rating. Although HMST is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
When comparing the yearly performance of all stocks, HMST is a bad performer in the overall market: 78% of all stocks are doing better.
HMST is part of the Banks industry. There are 392 other stocks in this industry, of which 88% are performing better than HMST.
Both the short term and long term trends are positive. This is a very positive sign.
HMST is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
HMST is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so HMST is lagging the market.
HMST has an excellent technical rating and 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. Another positive sign is the recent Pocket Pivot signal.
- 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
14.15
When analyzing the support we can see 3 important 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.
We found 1 important resistance 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. |
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)
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 trade has a worst case loss of 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%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg1.84%
1 Week-0.22%
2 Weeks7.6%
1 Month7.44%
3 Month6.45%
6 Month38.15%
12 Month-13.31%
2 Year46.77%
3 Year-60.16%
5 Year-49.32%
10 Year-37.69%
15 YearN/A
Volatility
ATR(14)0.53
ATR(20)%3.55%
ATR Inc2.95%
Range Today0.54
ADR(20)0.48
ADR(20)%3.49%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS22.52
Mansfield0.55
10 Day High14.58
10 Day Low12.82
20 Day High14.58
20 Day Low12.5
52 Week High16.1
52 Week Low8.41
CS1 End13.36
CR1 Start13.91
Volume & EV
DER(3)4.55%
DER(5)3.1%
Volume292.80K
Volume Incr187.15%
Vol(5)291.76K
Vol(50)103.33K