HOME BANCSHARES INC. - Daily - Technical analysis published on 11/12/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Strongly bullish
Technical indicators
50%
6%
44%
My opinion
Bullish above 18.55 USD
My targets
19.10 USD (+1.22%)
19.41 USD (+2.86%)
My analysis
The basic bullish trend is very strong on HOME BANCSHARES INC. but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 18.55 USD. Crossing the first resistance at 19.10 USD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 19.41 USD as an objective. Crossing it would then enable buyers to target 19.70 USD. Caution, a return to below 18.55 USD would be a sign of a consolidation phase in the short-term basic trend. 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.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
FORCE
0
10
6.6
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
HOME BANCSHARES INC. rating 18.87 USD. On the day, this instrument gained +0.69% and was traded between 18.48 USD and 18.89 USD over the period. The price is currently at +2.11% from its lowest and -0.11% from its highest.18.48
18.89
18.87
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of HOME BANCSHARES INC. in Daily shows a strongly overall bullish trend. 85.71% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : Daily
An assessment of technical indicators shows a slightly bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
RSI indicator is back under 50
Type : Bearish
Timeframe : Daily
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 17.08 | 17.52 | 18.55 | 18.87 | 19.10 | 19.41 | 19.70 |
Change (%) | -9.49% | -7.15% | -1.70% | - | +1.22% | +2.86% | +4.40% |
Change | -1.79 | -1.35 | -0.32 | - | +0.23 | +0.54 | +0.83 |
Level | Major | Minor | Intermediate | - | Major | Major | Intermediate |
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 | 18.43 | 18.53 | 18.63 | 18.73 | 18.83 | 18.93 | 19.03 |
Camarilla | 18.69 | 18.70 | 18.72 | 18.74 | 18.76 | 18.78 | 18.80 |
Woodie | 18.44 | 18.53 | 18.64 | 18.73 | 18.84 | 18.93 | 19.04 |
Fibonacci | 18.53 | 18.60 | 18.65 | 18.73 | 18.80 | 18.85 | 18.93 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 18.14 | 18.46 | 18.68 | 19.00 | 19.22 | 19.54 | 19.76 |
Camarilla | 18.74 | 18.79 | 18.84 | 18.89 | 18.94 | 18.99 | 19.04 |
Woodie | 18.08 | 18.44 | 18.62 | 18.98 | 19.16 | 19.52 | 19.70 |
Fibonacci | 18.46 | 18.67 | 18.80 | 19.00 | 19.21 | 19.34 | 19.54 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 16.33 | 17.04 | 17.76 | 18.47 | 19.19 | 19.90 | 20.62 |
Camarilla | 18.09 | 18.22 | 18.35 | 18.48 | 18.61 | 18.74 | 18.87 |
Woodie | 16.34 | 17.04 | 17.77 | 18.47 | 19.20 | 19.90 | 20.63 |
Fibonacci | 17.04 | 17.59 | 17.92 | 18.47 | 19.02 | 19.35 | 19.90 |
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): | 51.48 | |
MACD (12,26,9): | 0.0700 | |
Directional Movement: | -1.29 | |
AROON (14): | 21.43 | |
DEMA (21): | 18.90 | |
Parabolic SAR (0,02-0,02-0,2): | 18.34 | |
Elder Ray (13): | -0.18 | |
Super Trend (3,10): | 19.35 | |
Zig ZAG (10): | 18.84 | |
VORTEX (21): | 0.9200 | |
Stochastique (14,3,5): | 55.65 | |
TEMA (21): | 18.92 | |
Williams %R (14): | -42.86 | |
Chande Momentum Oscillator (20): | 0.29 | |
Repulse (5,40,3): | 1.4000 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.0700 | |
Courbe Coppock: | 1.11 |
MA7: | 18.93 | |
MA20: | 18.82 | |
MA50: | 18.69 | |
MA100: | 18.69 | |
MAexp7: | 18.86 | |
MAexp20: | 18.80 | |
MAexp50: | 18.69 | |
MAexp100: | 18.65 | |
Price / MA7: | -0.32% | |
Price / MA20: | +0.27% | |
Price / MA50: | +0.96% | |
Price / MA100: | +0.96% | |
Price / MAexp7: | +0.05% | |
Price / MAexp20: | +0.37% | |
Price / MAexp50: | +0.96% | |
Price / MAexp100: | +1.18% |
News
The last news published on HOME BANCSHARES INC. at the time of the generation of this analysis was 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.
About author
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