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HORIZON BANCORP INC/IN (HBNC) Stock Technical Analysis

NASDAQ:HBNC - Nasdaq - US4404071049 - Common Stock

15.6  -0.35 (-2.19%)

Technical Rating and Analysis

1

We assign a technical rating of 1 out of 10 to HBNC. HBNC has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.

The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
When compared to the yearly performance of all other stocks, HBNC outperforms 62% of them, which is more or less in line with the market.
HBNC is part of the Banks industry. There are 405 other stocks in this industry, HBNC did better than 47% of them.
HBNC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so HBNC is lagging the market.
In the last month HBNC has a been trading in the 14.79 - 16.97 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Weekly and Daily overview Charts
HORIZON BANCORP INC/IN / HBNC Weekly stock chart
HORIZON BANCORP INC/IN / HBNC Daily stock chart
Setup Rating and Analysis

7

Although the technical rating is bad, HBNC does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 15.96. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 15.13, a Stop Loss order could be placed below this zone.

Support and Resistance Analysis

13.62

16.12

When analyzing the support we can see 3 important areas.

  • A support zone ranging from 14.96 to 15.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @14.57 from a horizontal line in the daily time frame.
  • Support @13.76 from a trend line in the weekly time frame.

When analyzing the resistance we notice one important area.

  • A resistance zone ranging from 15.86 to 15.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS62.81
Mansfield0.22
10 Day High16.22
10 Day Low14.79
20 Day High16.97
20 Day Low14.79
52 Week High19.18
52 Week Low11.18
Performance
1 Week6.12%
2 Weeks1.14%
1 Month-1.97%
3 Month0.25%
6 Month-2.57%
12 Month16%
2 Year1.98%
3 Year-25.22%
5 Year-5.73%
10 Year60.36%
15 Year336.47%
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)
Technical Indicators
MACD(12,26,9)0.07
RSI(14)45.56
LBB15.05
UBB16.31
HORIZON BANCORP INC/IN / HBNC Daily stock chart

HORIZON BANCORP INC/IN

NASDAQ:HBNC (1/22/2025, 11:40:14 AM)

15.6

-0.35 (-2.19%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-2.19%
1 Week6.12%
2 Weeks1.14%
1 Month-1.97%
3 Month0.25%
6 Month-2.57%
12 Month16%
2 Year1.98%
3 Year-25.22%
5 Year-5.73%
10 Year60.36%
15 Year336.47%
Volatility
ATR(14)0.45
ATR(20)%2.8%
ATR Inc-12.49%
Range Today0.38
ADR(20)0.43
ADR(20)%2.75%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS62.81
Mansfield0.22
10 Day High16.22
10 Day Low14.79
20 Day High16.97
20 Day Low14.79
52 Week High19.18
52 Week Low11.18
CS1 End15.13
CR1 Start15.96
Volume & EV
DER(3)0.05%
DER(5)-1.25%
Volume37.22K
Volume Incr-11.34%
Vol(5)146.02K
Vol(50)173.54K