HOME BANCSHARES INC (HOMB) Stock Technical Analysis
NYSE:HOMB - New York Stock Exchange, Inc. - US4368932004 - Common Stock - Currency: USD
Overall HOMB gets a technical rating of 7 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, HOMB is only an average performer.
HOMB has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 30.46. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 29.42, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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.
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When analyzing the support we can see 4 important areas.
- A support zone ranging from 28.59 to 29.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 28.08 to 28.09. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 27.44 to 27.58. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @26.18 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @30.46 from a horizontal line in the daily time frame.
- Resistance @31.25 from a horizontal line in the daily time frame.
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 HOMB is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for HOMB is up. |
| ChartMill Relative Strength | 51.04 | NEUTRAL | HOMB is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of HOMB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of HOMB is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of HOMB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.01 | NEUTRAL | The RSI value for HOMB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests HOMB has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 81.84 | OVERBOUGHT | The high Stochastics value suggests HOMB may be overbought. |
| Average True Range in percent/ATR (20) | 2.11 | MEDIUM VOLATILITY | The ATR as a percentage value for HOMB suggests some volalility. |
| Average Directional Index/ADX (14) | 18.66 | NEGATIVE | The low ADX value for HOMB 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 |
|---|---|---|---|
| 30.47 | 28.58 | 1.89 (6.20%) | 16.12% |
| An entry @30.47. This is a Buy Stop order right above the resistance zone. | An exit @28.58. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.89 points, which is 6.20%. | For a 1.00% total portfolio risk, you can invest 16.12% 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.
29.71
-0.14 (-0.47%)