HANCOCK WHITNEY CORP (HWC) Stock Technical Analysis
NASDAQ:HWC - Nasdaq - US4101201097 - Common Stock - Currency: USD
We assign a technical rating of 9 out of 10 to HWC. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, HWC is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
HWC is part of the Banks industry. There are 395 other stocks in this industry. HWC outperforms 75% of them.
HWC is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month HWC has a been trading in the 52.89 - 61.73 range, which is quite wide. It is currently trading near the high of this range.
When comparing the yearly performance of all stocks, we notice that HWC is one of the better performing stocks in the market, outperforming 84% of all stocks. However, this relatively good performance is mostly due to a recent big move.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although HWC has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
46.23
61.69
5 important support areas can be observed.
- Support @60.90 from a horizontal line in the daily time frame.
- A support zone ranging from 54.75 to 55.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 53.17 to 53.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @48.30 from a trend line in the weekly time frame.
- Support @46.70 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 61.08 to 61.08. This zone is formed by a combination of multiple trend lines 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 HWC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for HWC is up. |
| ChartMill Relative Strength | 84.11 | POSITIVE | HWC has a high relative strength, it outperformed 84.11% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of HWC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of HWC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of HWC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 73.46 | OVERBOUGHT | The high RSI value suggests HWC may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.64 | POSITIVE | The MACD value suggests HWC has a positive trend. |
| Stochastics (14,3) | 94.63 | OVERBOUGHT | The high Stochastics value suggests HWC may be overbought. |
| Average True Range in percent/ATR (20) | 2.18 | MEDIUM VOLATILITY | The ATR as a percentage value for HWC suggests some volalility. |
| Average Directional Index/ADX (14) | 26.78 | POSITIVE | The high ADX value value for HWC suggests a strong 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)
61.07
+0.56 (+0.93%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg0.93%
1 Week6.32%
2 Weeks13.92%
1 Month12.84%
3 Month32.62%
6 Month10.49%
12 Month33.25%
2 Year38.76%
3 Year25.12%
5 Year220.41%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.35
ATR(20)%2.18%
ATR Inc26.96%
Range Today1.94
ADR(20)1.27
ADR(20)%2.07%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.11
Mansfield0.4
10 Day High61.73
10 Day Low53.63
20 Day High61.73
20 Day Low52.89
52 Week High62.4
52 Week Low43.9
CS1 End57.13
CR1 Start59.97
Volume & EV
DER(3)3.06%
DER(5)1.11%
Volume315.30K
Volume Incr-5.84%
Vol(5)602.88K
Vol(50)596.01K