HOME BANCSHARES INC (HOMB) Stock Technical Analysis
NYSE:HOMB • US4368932004
Taking everything into account, HOMB scores 7 out of 10 in our technical rating. 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 is part of the Banks industry. There are 381 other stocks in this industry, of which 82% are performing better than HOMB.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- HOMB is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so HOMB is lagging the market slightly.
- HOMB has an average volume of 1362690 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When compared to the yearly performance of all other stocks, HOMB outperforms 42% of them, which is more or less in line with the market.
- In the last month HOMB has a been trading in the 28.14 - 30.83 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
HOMB 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 28.84, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for HOMB in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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27.17
When analyzing the support we can see 2 important areas.
- A support zone ranging from 28.80 to 28.84. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 27.44 to 28.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 29.22 to 30.84. 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 HOMB is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for HOMB is neutral. |
| ChartMill Relative Strength | 42.2 | NEUTRAL | HOMB is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of HOMB is below 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) | 49.12 | NEUTRAL | The RSI value for HOMB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests HOMB has a negative trend. |
| Stochastics (14,3) | 39.96 | NEUTRAL | The Stochastics value for HOMB is a neutral value. |
| Average True Range in percent/ATR (20) | 2.24 | MEDIUM VOLATILITY | The ATR as a percentage value for HOMB suggests some volalility. |
| Average Directional Index/ADX (14) | 17.04 | 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 |
|---|---|---|---|
| 29.83 | 29.01 | 0.82 (2.75%) | 25.00% |
| An entry @29.83. This is a Buy Stop order right above the 10 day moving average. | An exit @29.00. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.82 points, which is 2.75%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.69%. |
- The distance between exit and entry is rather small compared to the average daily movement of HOMB. 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.
29.16
-0.28 (-0.95%)
HOME BANCSHARES INC / HOMB FAQ
Can you provide the ChartMill technical rating for HOME BANCSHARES INC?
ChartMill assigns a technical rating of 7 / 10 to HOMB.
Can you provide the trend direction for HOME BANCSHARES INC?
The current trend direction for HOME BANCSHARES INC (HOMB) is Bullish.
Can you provide the RSI signal for HOME BANCSHARES INC?
HOME BANCSHARES INC (HOMB) has an RSI value of 49.1241. This indicates that the stock is currently neutral.
What is the MACD signal for HOME BANCSHARES INC (HOMB) stock?
The MACD indicator for HOME BANCSHARES INC (HOMB) has a value of -0.0758378, indicating a bearish trend.