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. Although HOMB is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
HOMB is part of the Banks industry. There are 396 other stocks in this industry, of which 62% are performing better than HOMB.
Both the short term and long term trends are positive. This is a very positive sign.
In the last month HOMB has a been trading in the 28.03 - 30.42 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 compared to the yearly performance of all other stocks, HOMB outperforms 47% of them, which is more or less in line with the market.
HOMB is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so HOMB is lagging the market.
Volume is considerably higher in the last couple of days.
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 support zone below the current price at 29.40, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- 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
24.87
30.76
We found 5 important support areas.
- A support zone ranging from 28.64 to 29.40. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @28.08 from a horizontal line in the daily time frame.
- Support @27.44 from a horizontal line in the daily time frame.
- Support @26.18 from a trend line in the weekly time frame.
- Support @25.12 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 29.62 to 30.46. This zone is formed by a combination of multiple trend lines 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 | 47.26 | 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) | 54.33 | NEUTRAL | The RSI value for HOMB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests HOMB has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 68.51 | NEUTRAL | The Stochastics value for HOMB is a neutral value. |
| Average True Range in percent/ATR (20) | 2.13 | MEDIUM VOLATILITY | The ATR as a percentage value for HOMB suggests some volalility. |
| Average Directional Index/ADX (14) | 18.05 | NEGATIVE | The low ADX value for HOMB 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 |
|---|---|---|---|
| 30.47 | 28.63 | 1.84 (6.04%) | 16.56% |
| An entry @30.47. This is a Buy Stop order right above the resistance zone. | An exit @28.63. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.84 points, which is 6.04%. | When investing 16.56% 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.
29.48
-0.23 (-0.77%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-0.77%
1 Week3.37%
2 Weeks-0.67%
1 Month4.02%
3 Month6.46%
6 Month-1.93%
12 Month3.22%
2 Year21.27%
3 Year24.92%
5 Year80.53%
10 Year48.07%
15 Year390.72%
Volatility
ATR(14)0.64
ATR(20)%2.13%
ATR Inc-36.08%
Range Today0.48
ADR(20)0.6
ADR(20)%2.04%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS47.26
Mansfield-0.49
10 Day High30.42
10 Day Low28.07
20 Day High30.42
20 Day Low28.03
52 Week High32.91
52 Week Low24.22
CS1 End29.4
CR1 Start29.62
Volume & EV
DER(3)-1.12%
DER(5)1.23%
Volume736.40K
Volume Incr25.36%
Vol(5)1.42M
Vol(50)922.93K