HERITAGE FINANCIAL CORP (HFWA)       31.17  +0.13 (+0.42%)

31.17  +0.13 (+0.42%)

US42722X1063 - Common Stock

Technical Rating

8

Taking everything into account, HFWA scores 8 out of 10 in our technical rating. In the last year, HFWA was one of the better performers, but we do observe some doubts in the very recent evolution.



The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
Looking at the yearly performance, HFWA did better than 95% of all other stocks. On top of that, HFWA also shows a nice and consistent pattern of rising prices.
HFWA is one of the better performing stocks in the Banks industry, it outperforms 96% of 323 stocks in the same industry.
HFWA is currently trading in the upper part of its 52 week range. The market is still in the middle of its 52 week range, so HFWA slightly outperforms the market at the moment.
In the last month HFWA has a been trading in the 30.36 - 34.34 range, which is quite wide. It is currently trading near the lows of this range.

Statistics

1 Month 3 Months 6 Months 12 Months -9.05% 14.96% 25.21% 34.08% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 95.58 22.51 - 34.34
HFWA Weekly chart
HFWA Daily chart

Support/Resistance Analysis


24.52

34.48
When analyzing the support we can see 4 important areas.
  • A support zone ranging from 30.84 to 31.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @27.96 from a trend line in the daily time frame.
  • Support @26.50 from a horizontal line in the daily time frame.
  • Support @24.77 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
  • A resistance zone ranging from 33.61 to 34.14. This zone is formed by a combination of multiple trend lines in multiple time frames.

Setup Analysis

Setup Rating

3

Although HFWA has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.


HFWA Daily chart

HERITAGE FINANCIAL CORP31.17

NASDAQ:HFWA (12/7/2022, 1:46:33 PM)+0.13 (+0.42%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Financials
GICS Industry Banks
Performance
Today 0.42% 1 Week -4.49%
2 Weeks -5.71% 1 Month -9.05%
3 Month 14.96% 6 Month 25.21%
Volatility
ATR(14) 0.88 ATR(20)% 2.85%
ATR Inc 52.63% Range Today 0.8
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 95.58 Mansfield 2.07
10 Day High 33.34 10 Day Low 30.36
20 Day High 34.34 20 Day Low 30.36
52 Week High 34.34 52 Week Low 22.51
CS1 End 31.03 CR1 Start 33.61
Volume & EV
DER(3) 1.78% DER(5) -0.4%
Volume 74.78K Volume Incr -11.84%
Vol(5) 174.54K Vol(50) 209.42K

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