HOMESTREET INC (HMST) Stock Technical Analysis
NASDAQ:HMST - Nasdaq - US43785V1026 - Common Stock - Currency: USD
We assign a technical rating of 9 out of 10 to HMST. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, HMST is showing a nice and steady performance.
Besides having an excellent technical rating, HMST also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 12.85. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 12.79, a Stop Loss order could be placed below this zone.
More info and screens
8.98
We found 4 important support areas.
- A support zone ranging from 12.48 to 12.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @12.04 from a horizontal line in the daily time frame.
- Support @9.69 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 12.85 to 13.04. 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 | 94.13 | POSITIVE | HMST has a high relative strength, it outperformed 94.13% 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) | DOWN | MIXED | The current price of HMST is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 59.9 | NEUTRAL | The RSI value for HMST is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests HMST has a negative trend. |
| Stochastics (14,3) | 78.75 | NEUTRAL | The Stochastics value for HMST is a neutral value. |
| Average True Range in percent/ATR (20) | 3.65 | MEDIUM VOLATILITY | The ATR as a percentage value for HMST suggests some volalility. |
| Average Directional Index/ADX (14) | 28.12 | POSITIVE | The high ADX value value for HMST suggests a strong 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 |
|---|---|---|---|
| 13.05 | 12.47 | 0.58 (4.44%) | 22.50% |
| An entry @13.05. This is a Buy Stop order right above the resistance zone. | An exit @12.47. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.58 points, which is 4.44%. | For a 1.00% total portfolio risk, you can invest 22.50% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of HMST. Please evaluate whether better entry and exit points can be found.
- 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.
12.8
-0.02 (-0.16%)