Taking everything into account, HWC scores 8 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, HWC is only an average performer.
- Both the short term and long term trends are positive. This is a very positive sign.
- HWC is one of the better performing stocks in the Banks industry, it outperforms 73% of 383 stocks in the same industry.
- HWC 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 HWC is lagging the market slightly.
- When comparing the yearly performance of all stocks, we notice that HWC is one of the better performing stocks in the market, outperforming 79% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
- In the last month HWC has a been trading in the 62.67 - 71.20 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, HWC 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 support zone below the current price at 64.46, a Stop Loss order could be placed below this zone.
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48.44
We found 5 important support areas.
- A support zone ranging from 63.68 to 64.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @59.88 from a trend line in the weekly time frame.
- Support @54.25 from a horizontal line in the daily time frame.
- Support @53.18 from a horizontal line in the daily time frame.
- Support @48.93 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 67.41 to 69.21. 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 HWC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for HWC is up. |
| ChartMill Relative Strength | 79.52 | POSITIVE | HWC has a high relative strength, it outperformed 79.52% 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) | 54.06 | NEUTRAL | The RSI value for HWC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests HWC has a negative trend. |
| Stochastics (14,3) | 68.68 | NEUTRAL | The Stochastics value for HWC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.46 | MEDIUM VOLATILITY | The ATR as a percentage value for HWC suggests some volalility. |
| Average Directional Index/ADX (14) | 20.75 | NEUTRAL | The ADX value for HWC suggests a possible start of a new 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 |
|---|---|---|---|
| 69.22 | 66.61 | 2.61 (3.77%) | 25.00% |
| An entry @69.22. This is a Buy Stop order right above the resistance zone. | An exit @66.61. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 2.61 points, which is 3.77%. | For a 0.94% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of HWC. 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.
67.17
-2.04 (-2.95%)
HANCOCK WHITNEY CORP / HWC FAQ
What is the ChartMill technical rating of HANCOCK WHITNEY CORP (HWC) stock?
ChartMill assigns a technical rating of 8 / 10 to HWC.
Can you provide the trend direction for HANCOCK WHITNEY CORP?
The current trend direction for HANCOCK WHITNEY CORP (HWC) is Bullish.
Can you provide the RSI signal for HANCOCK WHITNEY CORP?
HANCOCK WHITNEY CORP (HWC) has an RSI value of 54.0641. This indicates that the stock is currently neutral.
What is the buy/sell signal for HWC stock?
The buy/sell signal for HANCOCK WHITNEY CORP (HWC) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for HANCOCK WHITNEY CORP?
HANCOCK WHITNEY CORP (HWC) has a support level at 64.46 and a resistance level at 67.41. Check the full technical report for our detailed analysis of HWC support and resistance levels.