HOME BANCSHARES INC. - Daily - Technical analysis published on 07/24/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
61%
17%
22%
My opinion
Bullish above 18.86 USD
My targets
19.69 USD (+1.18%)
20.34 USD (+4.52%)
My analysis
The bullish trend is currently very strong on HOME BANCSHARES INC.. As long as the price remains above the support at 18.86 USD, you could try to benefit from the boom. The first bullish objective is located at 19.69 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 20.34 USD as an objective. Crossing it would then enable buyers to target 21.22 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Bastien Huneau. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The HOME BANCSHARES INC. price is 19.46 USD. The price registered an increase of +1.35% on the session and was traded between 19.10 USD and 19.47 USD over the period. The price is currently at +1.88% from its lowest and -0.05% from its highest.19.10
19.47
19.46
A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by HOME BANCSHARES INC.:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of HOME BANCSHARES INC. in Daily shows a strongly overall bullish trend. 82.14% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : Daily
In fact, 11 technical indicators on 18 studied are currently positioned bullish. Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Daily
Williams %R indicator is back under -50
Type : Bearish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of channel
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 16.56 | 17.07 | 18.86 | 19.46 | 19.69 | 20.34 | 21.22 |
| Change (%) | -14.90% | -12.28% | -3.08% | - | +1.18% | +4.52% | +9.04% |
| Change | -2.90 | -2.39 | -0.60 | - | +0.23 | +0.88 | +1.76 |
| Level | Minor | Major | Minor | - | Major | Minor | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 18.77 | 18.89 | 19.04 | 19.16 | 19.31 | 19.43 | 19.58 |
| Camarilla | 19.13 | 19.15 | 19.18 | 19.20 | 19.23 | 19.25 | 19.27 |
| Woodie | 18.80 | 18.90 | 19.07 | 19.17 | 19.34 | 19.44 | 19.61 |
| Fibonacci | 18.89 | 18.99 | 19.05 | 19.16 | 19.26 | 19.32 | 19.43 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 17.50 | 18.04 | 18.63 | 19.17 | 19.76 | 20.30 | 20.89 |
| Camarilla | 18.91 | 19.01 | 19.12 | 19.22 | 19.32 | 19.43 | 19.53 |
| Woodie | 17.53 | 18.05 | 18.66 | 19.18 | 19.79 | 20.31 | 20.92 |
| Fibonacci | 18.04 | 18.47 | 18.74 | 19.17 | 19.60 | 19.87 | 20.30 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15.59 | 16.47 | 17.87 | 18.75 | 20.15 | 21.03 | 22.43 |
| Camarilla | 18.63 | 18.84 | 19.05 | 19.26 | 19.47 | 19.68 | 19.89 |
| Woodie | 15.84 | 16.60 | 18.12 | 18.88 | 20.40 | 21.16 | 22.68 |
| Fibonacci | 16.47 | 17.34 | 17.88 | 18.75 | 19.62 | 20.16 | 21.03 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 57.70 | |
| MACD (12,26,9): | 0.1200 | |
| Directional Movement: | 5.93 | |
| AROON (14): | -57.14 | |
| DEMA (21): | 19.33 | |
| Parabolic SAR (0,02-0,02-0,2): | 19.52 | |
| Elder Ray (13): | 0.08 | |
| Super Trend (3,10): | 18.47 | |
| Zig ZAG (10): | 19.46 | |
| VORTEX (21): | 1.0300 | |
| Stochastique (14,3,5): | 56.61 | |
| TEMA (21): | 19.33 | |
| Williams %R (14): | -30.16 | |
| Chande Momentum Oscillator (20): | -0.23 | |
| Repulse (5,40,3): | 3.2200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1300 | |
| Courbe Coppock: | 0.26 |
| MA7: | 19.12 | |
| MA20: | 19.24 | |
| MA50: | 18.71 | |
| MA100: | 18.68 | |
| MAexp7: | 19.24 | |
| MAexp20: | 19.15 | |
| MAexp50: | 18.93 | |
| MAexp100: | 18.87 | |
| Price / MA7: | +1.78% | |
| Price / MA20: | +1.14% | |
| Price / MA50: | +4.01% | |
| Price / MA100: | +4.18% | |
| Price / MAexp7: | +1.14% | |
| Price / MAexp20: | +1.62% | |
| Price / MAexp50: | +2.80% | |
| Price / MAexp100: | +3.13% |
News
The latest news and videos published on HOME BANCSHARES INC. at the time of the analysis were as follows:
- Investor Network: Home BancShares, Inc. to Host Earnings Call
- Investor Network: Home BancShares, Inc. to Host Earnings Call
- Home BancShares Set to Join S&P MidCap 400 and Chatham Lodging Trust to Join S&P SmallCap 600
-
Home Bancshares
- Home BancShares, Inc. Announces a 20% Increase in First Quarter Cash Dividend
This member declared not having a position on this financial instrument or a related financial instrument.
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