Should You Invest In Fulton Financial Corporation ($FULT) Or Horizon Bancorp, Inc. ($HBNC)?

2019-08-20 | Welcome! Today we compared how two different stocks in the Major Banks industry are trading: Fulton Financial Corporation and Horizon Bancorp, Inc.. While these two companies may have very different market capitalizations and balance sheets, they are worth comparing given how they are in the same sector. Below you’ll see how the different technical indicators differ between these two stocks, and we’ll also show what Trading View thinks of them based on the technical analysis. But before we get ahead of ourselves, please note that this is technical analysis only (ie. analyzing how these companies are trading, not digging into the company fundamentals), and therefore you should not rely only on this to guide you on whether you should buy or sell anything – take it with a grain of salt only, and pay attention to the disclaimer below. With that said, many traders find value in technical analysis and others even swear by it, so if that is you, I hope my analysis will be of use to you. Let’s get to it…

First things first: during its last day of trading, Fulton Financial Corporation opened at 15.64, got to a maximum price of 15.95 and dropped to as low as 15.62 before finishing the session at 15.92. In total there were 603100 shares traded, which is enough to conduct our analysis. Compare that now to Horizon Bancorp, Inc., which opened at 16.07, had a high of 16.44, a low of 16.07, closed at 16.34 and had a total volume of 61800.

VOLUME ANALYSIS: Generally, the higher the volume indicators are, the better – you need liquidity to trade, after all. All of the volume indicators are as follows… (click here for an explanation on volume)

Volume Indicator Fulton Financial Corporation Horizon Bancorp, Inc.
Accumulation-distribution index 115.16169 144.34
on-balance volume -15.55 -16.0
chaikin money flow

1.12903 1.0
force index

0.0216 0.017
ease of movement rating

8e-05 0.00013
volume-price trend

-0.61209 -0.01791
negative volume index

1000.0 1000.0

VOLATILITY ANALYSIS: Now to compare the volatility between these two companies… (click here for an explanation on volatility)

Volatility Indicator Fulton Financial Corporation Horizon Bancorp, Inc.
Average true range 0.18181 0.18678
Bolinger bands 15.70228 16.15228
Upper bollinger band 15.44772 15.89772
Lower bollinger band

15.62 16.07
Bollinger high band indicator

1.0 1.0
Bollinger high low indicator

1.0 1.0
Central keltner channel

15.73667 16.19333
High band keltner channel

15.42667 15.82333
Low band keltner channel

16.04667 16.56333
High band keltner channel indicator

1.0 1.0
Low band keltner channel indicator

1.0 1.0
Donchain channel high band

15.62 16.07
Donchain channel low band

15.62 16.07
Donchain channel high band indicator

1.0 1.0
Donchain channel low band indicator

1.0 1.0

TREND ANALYSIS: Now for the most interesting and detailed part, the trend. Where is the stock actually going? Let’s compare the indicators… (click here for an explanation on trend)

Trend Indicator Fulton Financial Corporation Horizon Bancorp, Inc.
Moving Average Convergence Divergence (MACD) trend_macd -0.00202
MACD signal -0.00112 -0.00112
MACD difference -0.0009 -0.0009
fast Exponential Moving Average (EMA) indicator

15.62 16.07
slow Exponential Moving Average (EMA) indicator

15.62 16.07
Average Directional Movement Index (ADX)

unknown unknown
ADX positive

20.0 20.0
ADX negative

20.0 20.0
positive Vortex Indicator (VI)

1.0 1.0
negative VI

1.0 1.0
trend vortex difference

0.11587 0.04969

-3.26888 -0.2147
Mass Index (MI)

1.0 1.0
Commodity Channel Index (CCI)

-66.66667 -66.66667
Detrended Price Oscillator (DPO)

0.61566 0.01642
KST Oscillator (KST)

-37.92041 -1.02074
KST Oscillator (KST Signal)

-37.92041 -1.02074
KST difference

-1.38584 -1.3987
Ichimoku rating

15.795 16.255
Ichimoku B rating

15.795 16.255
Ichimoku visual trend A

16.45808 16.3998
Ichimoku visual trend B

16.46181 16.54762
Aroon Indicator (AI)

4.0 4.0
AI indicator down

4.0 4.0
AI difference

-4.0 -4.0

MOMENTUM ANALYSIS: What about momentum? Let’s dive into it… (click here for an explanation on momentum)

Momentum Indicator Fulton Financial Corporation Horizon Bancorp, Inc.
Relative Strength Index (RSI) 50.0 50.0
Money Flow Index (MFI) 34.17576 25.71447
True Strength Index (TSI) -100.0 -100.0
ultimate oscillator

-115.52074 50.0
stochastic oscillator

106.45161 100.0
stochastic oscillator signal

106.45161 100.0
Williams %R rating

6.45161 350.0
awesome oscillator

0.03312 0.01932

RETURNS: That’s all for technical analysis. Now let’s just list the returns for Fulton Financial Corporation and Horizon Bancorp, Inc..

Daily return -3.79204 -0.10207
Daily log return -0.57785 -0.56162
Cumulative return -0.57618 -0.56005

So there you have it: our deep, grueling analysis comparing Fulton Financial Corporation and Horizon Bancorp, Inc. together. But what does all of the above mean? Various technical indicators above are positive, while others are negative, and if we want to decide overall if the technical analysis indicates a bullish or bearish chart, we have to consider all of them together. That’s what the Trading View widget below can do, so let’s see what it says considering all these indicators. First, here’s Fulton Financial Corporation:

The verdict above will consider all these technical indicators and consider which are strong and weak, and then put them all together to come up with a conclusion stating whether FULT is strong or weak. Again – this is not a reliable indication of whether Fulton Financial Corporation is a good investment! None of these indicators consider the company fundamentals. All of this data is based on how it trades only. Now with that out of the way, let’s compare it with Horizon Bancorp, Inc.

So there you have it. We hope you have found this analysis useful, and if you see any errors or have any feedback, please comment below.

How can you profit off trading these 2 companies and other stocks like it? First, check out the Beat The Market Analyzer software – this is worth its weight in gold. Some other great services for earning income from trading and investing are Dividend Stocks (an outstanding resource for anyone interested in high dividend paying stocks), Microcap Millionaires (the best site online for profiting off micro-cap stocks) and Trading Code (an extremely powerful system for profiting off trading).

DISCLAIMER: We are not registered investment advisers and the above analysis should be taken at face value only. We strongly advise against buying or selling anything based solely on our analysis above, and are not responsible for any losses that you may incur if you choose make any investment decisions based on the above.

Gary Ivenchuck

Gary is a stock trading expert and is responsible for covering technical analysis news on Logistics Business Review. Recently he has been working tirelessly to analyse stocks for our readers, and is always available to hear from people asking for stock analysis.
Gary Ivenchuck

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