HTBI - HomeTrust Bancshares Tue 24'th Jan 2017
Stock analysis for Tue 24'th Jan 2017 (Updated daily)
Buy candidate since 2017-01-24
HomeTrust Bancshares Stock Analysis
HomeTrust Bancshares gained 1.41% in the last trading day, rising from USD 24.75 to USD 25.10. The price has risen in 5 of the last 10 days days, but is still down by -0.2% for this period. Volume also increased in the last day along with the price, which is a positive technical sign, and, in total, 164 more shares were traded than the day before. In total, 20 662 shares bought and sold for approximately USD 518 616.
HomeTrust Bancshares lies in the lower part of a wide and strong rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at USD 24.88 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 36.0% during the next 3 months and, with 90% probability hold a price between USD 33.84 and USD 40.65 at the end of this period.
A buy signal was issued from a pivot bottom point on Monday January 23, 2017, which indicates further gains until a new top pivot has been found. HomeTrust Bancshares has rising volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. HomeTrust Bancshares holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general salessignal in the stock. On further gains, the stock will meet resistance from the long-term moving average at USD 25.44. On a fall, the stock will find some support from the short-term average at USD 24.89. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal.
Relative Strength Index (RSI)
RSI14 is 38 and the stock is currently not being overbought or oversold
Support & Resistance
HomeTrust Bancshares finds support from accumulated volume at USD 24.30, USD 21.65, and USD 21.40. On the upside the stock meets some resistance just above today's level from accumulated volume at USD 25.30, USD 25.90 and USD 26.05.
The stock is about to test the resistance from accumulated volume at USD 25.30 and this may cause the stock to take a minor break or get into a more sideways move for a few days.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved USD 0.90 (3.70%) between high and low. For the last week, the stock has had a daily average volatility of 3.03%.
Our recommended stoploss: USD 24.32 (-3.11%) ( criteria: risk and closeness to support from trendline.)
Several short-term signals, along with a general good trend, are positive and 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 Sell Candidate to a Buy Candidate.