HARBORONE BANCORP INC (HONE) Stock Technical Analysis
NASDAQ:HONE - Nasdaq - US41165Y1001 - Common Stock - Currency: USD
Taking everything into account, HONE scores 8 out of 10 in our technical rating. Although HONE is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
HONE 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 resistance zone just above the current price starting at 12.18. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 11.70, a Stop Loss order could be placed below this zone.
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9.11
When analyzing the support we can see 3 important areas.
- A support zone ranging from 11.47 to 11.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 10.96 to 11.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @9.20 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 12.18 to 12.26. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @12.54 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 HONE is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for HONE is up. |
| ChartMill Relative Strength | 75.98 | POSITIVE | HONE has a high relative strength, it outperformed 75.98% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of HONE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of HONE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of HONE is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 61.96 | NEUTRAL | The RSI value for HONE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests HONE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 89.14 | OVERBOUGHT | The high Stochastics value suggests HONE may be overbought. |
| Average True Range in percent/ATR (20) | 2.36 | MEDIUM VOLATILITY | The ATR as a percentage value for HONE suggests some volalility. |
| Average Directional Index/ADX (14) | 10.4 | NEGATIVE | The low ADX value for HONE 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 |
|---|---|---|---|
| 12.27 | 11.44 | 0.83 (6.76%) | 14.78% |
| An entry @12.27. This is a Buy Stop order right above the resistance zone. | An exit @11.44. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.83 points, which is 6.76%. | For a 1.00% total portfolio risk, you can invest 14.78% 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.
12.1
-0.1 (-0.82%)