Buy Candidate
Fri 21'st Apr 2017

VOLUME
Sell
TREND
Sell
MV LONG
Buy
MV SHORT
Buy
PIVOT
Buy
MACD
Sell
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HomeTrust Bancshares Stock Analysis

Technical stock analysis for Fri 21'st Apr 2017

Buy candidate since 2017-04-20 Gain 0.41%

HomeTrust Bancshares gained 0.41% in the last trading day, rising from USD 24.25 to USD 24.35 , and has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. The price has risen in 6 of the last 10 days and is up by 3.18% over the past 2 weeks. Volume fell in the last day by -4 720 shares, and in total, 43 804 shares bought and sold for approximately USD 1.07 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.

Trend

Given the current short-term trend, the stock is expected to fall -8.7% during the next 3 months and, with 90% probability hold a price between USD 19.75 and USD 22.23 at the end of this period.

Signals

HomeTrust Bancshares holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at USD 23.61 and USD 23.52. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday April 13, 2017, which indicates further gains until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.

Relative Strength Index (RSI)

RSI14 is 62 and the stock is currently not being overbought or oversold

Support & Resistance

HomeTrust Bancshares finds support from accumulated volume at USD 24.25, USD 24.00, and USD 23.50. On the upside the stock meets some resistance just above today's level from accumulated volume at USD 24.95, USD 26.00 and USD 25.80.

The stock is about to test the resistance from accumulated volume at USD 24.95 and this may cause the stock to take a minor break or get into a more sideways move for a few days.

Risk

In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.

Our recommended stoploss: USD 23.38 (-3.97%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 5 days ago.)

Evaluation

Several short-term signals are positive, despite the stock being in a weak falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.

Buy Candidate

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