HANCOCK WHITNEY CORP (HWC) Technical Analysis
NASDAQ:HWC • US4101201097
Current stock price
HWC Technical Rating and Analysis
We assign a technical rating of 3 out of 10 to HWC. Although HWC is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- HWC is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- Looking at the yearly performance, HWC did better than 74% of all other stocks.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- HWC is part of the Banks industry. There are 380 other stocks in this industry, HWC did better than 59% of them.
- HWC is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so HWC is lagging the market slightly.
HWC Weekly and Daily overview Charts
HWC Setup Rating and Analysis
Although the technical rating is bad, HWC does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 64.12. Right above this resistance zone may be a good entry point.
More info and screens
HWC Support and Resistance Analysis
48.15
4 important support areas can be observed.
- Support @61.58 from a trend line in the daily time frame.
- Support @57.26 from a trend line in the weekly time frame.
- A support zone ranging from 53.78 to 55.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @48.64 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 64.12 to 64.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
HWC Technical Indicator Signal Analysis
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 | NEUTRAL | NEUTRAL | The long term trend for HWC is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for HWC is neutral. |
| ChartMill Relative Strength | 74.18 | POSITIVE | HWC has a high relative strength, it outperformed 74.18% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of HWC is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of HWC is below a declining 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) | 50.05 | NEUTRAL | The RSI value for HWC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.41 | POSITIVE | The MACD value suggests HWC has a positive trend. |
| Stochastics (14,3) | 74.82 | NEUTRAL | The Stochastics value for HWC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.68 | MEDIUM VOLATILITY | The ATR as a percentage value for HWC suggests some volalility. |
| Average Directional Index/ADX (14) | 30.45 | POSITIVE | The high ADX value value for HWC suggests a strong trend. |
HWC Chart- and CandleStick Pattern Analysis
HWC Technicals: Chart, Performance Metrics, Trend & Indicators
64.11
+0.52 (+0.82%)
HANCOCK WHITNEY CORP / HWC TA FAQ
What is the ChartMill technical rating of HANCOCK WHITNEY CORP (HWC) stock?
ChartMill assigns a technical rating of 3 / 10 to HWC.
What is the current trend direction of HANCOCK WHITNEY CORP (HWC) stock?
The current trend direction for HANCOCK WHITNEY CORP (HWC) is Bearish.
What is the RSI signal for HWC stock?
HANCOCK WHITNEY CORP (HWC) has an RSI value of 50.0524. This indicates that the stock is currently neutral.
Can you provide the short term momentum for HANCOCK WHITNEY CORP?
The short term momentum for HANCOCK WHITNEY CORP (HWC) is neutral.