HOMESTREET INC (HMST) Stock Technical Analysis
NASDAQ:HMST - Nasdaq - US43785V1026 - Common Stock - Currency: USD
We assign a technical rating of 8 out of 10 to HMST. Although HMST is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
HMST is one of the lesser performing stocks in the Banks industry. 68% of 393 stocks in the same industry do better.
Both the short term and long term trends are positive. This is a very positive sign.
In the last month HMST has a been trading in the 12.66 - 13.68 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
When comparing the performance of all stocks over the past year, HMST turns out to be only a medium performer in the overall market: it outperformed 43% of all stocks.
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.
Considerably lower volume is observed in the last couple of days.
HMST has an excellent technical rating and 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 support zone below the current price at 13.17, a Stop Loss order could be placed below this zone.
More info and screens
8.98
13.75
When analyzing the support we can see 4 important areas.
- A support zone ranging from 13.07 to 13.17. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 12.05 to 12.13. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @10.18 from a trend line in the weekly time frame.
- A support zone ranging from 9.07 to 9.11. This zone is formed by a combination of multiple trend lines in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 13.23 to 13.61. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 43.84 | NEUTRAL | HMST is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of HMST is below 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) | 52.58 | NEUTRAL | The RSI value for HMST is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests HMST has a negative trend. |
| Stochastics (14,3) | 43.31 | NEUTRAL | The Stochastics value for HMST is a neutral value. |
| Average True Range in percent/ATR (20) | 2.83 | MEDIUM VOLATILITY | The ATR as a percentage value for HMST suggests some volalility. |
| Average Directional Index/ADX (14) | 24.16 | NEUTRAL | The ADX value for HMST suggests a possible start of a new 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 |
|---|---|---|---|
| 13.62 | 13.06 | 0.56 (4.11%) | 24.32% |
| An entry @13.62. This is a Buy Stop order right above the resistance zone. | An exit @13.06. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.56 points, which is 4.11%. | When investing 24.32% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
13.18
-0.07 (-0.53%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-0.53%
1 Week-0.3%
2 Weeks-1.86%
1 Month4.44%
3 Month12.17%
6 Month30.88%
12 Month-6.59%
2 Year43.26%
3 Year-64.66%
5 Year-50.15%
10 Year-41.71%
15 YearN/A
Volatility
ATR(14)0.33
ATR(20)%2.83%
ATR Inc-39.7%
Range Today0.22
ADR(20)0.36
ADR(20)%2.73%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS43.84
Mansfield-0.11
10 Day High13.68
10 Day Low12.85
20 Day High13.68
20 Day Low12.66
52 Week High16.1
52 Week Low8.41
CS1 End13.17
CR1 Start13.23
Volume & EV
DER(3)-10.07%
DER(5)-6.93%
Volume34.70K
Volume Incr-49.01%
Vol(5)34.74K
Vol(50)65.23K