HERITAGE FINANCIAL CORP (HFWA) Stock Technical Analysis
NASDAQ:HFWA • US42722X1063
Taking everything into account, HFWA scores 7 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, HFWA is only an average performer.
- In the last month HFWA has a been trading in the 25.70 - 28.98 range, which is quite wide. It is currently trading near the lows of this range.
- The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- When comparing the performance of all stocks over the past year, HFWA turns out to be only a medium performer in the overall market: it outperformed 62% of all stocks.
- HFWA is an average performer in the Banks industry, it outperforms 49% of 379 stocks in the same industry.
- HFWA is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so HFWA is lagging the market.
Besides having an excellent technical rating, HFWA also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 28.14. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 26.08, a Stop Loss order could be placed below this zone.
More info and screens
20.92
We found 6 important support areas.
- A support zone ranging from 25.85 to 26.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @25.10 from a trend line in the weekly time frame.
- A support zone ranging from 23.51 to 23.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @22.57 from a horizontal line in the weekly time frame.
- Support @22.13 from a horizontal line in the daily time frame.
- Support @21.13 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 28.14 to 28.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for HFWA is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for HFWA is neutral. |
| ChartMill Relative Strength | 62.86 | NEUTRAL | HFWA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of HFWA is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of HFWA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of HFWA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 45.55 | NEUTRAL | The RSI value for HFWA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.26 | NEGATIVE | The MACD value suggests HFWA has a negative trend. |
| Stochastics (14,3) | 19.69 | OVERSOLD | The low Stochastics value suggests HFWA may be oversold. |
| Average True Range in percent/ATR (20) | 3.47 | MEDIUM VOLATILITY | The ATR as a percentage value for HFWA suggests some volalility. |
| Average Directional Index/ADX (14) | 24.19 | NEUTRAL | The ADX value for HFWA suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 27.49 | 25.90 | 1.59 (5.79%) | 17.28% |
| An entry @27.49. This is a Buy Stop order right above the 10 day moving average. | An exit @25.90. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.59 points, which is 5.79%. | For a 1.00% total portfolio risk, you can invest 17.28% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
26.47
+0.06 (+0.23%)
HERITAGE FINANCIAL CORP / HFWA FAQ
What is the technical rating for HFWA stock?
ChartMill assigns a technical rating of 7 / 10 to HFWA.
What is the trend direction for HFWA stock?
The current trend direction for HERITAGE FINANCIAL CORP (HFWA) is Bullish.
Can you provide the RSI signal for HERITAGE FINANCIAL CORP?
HERITAGE FINANCIAL CORP (HFWA) has an RSI value of 45.5528. This indicates that the stock is currently neutral.
What is the support and resistance level for HFWA stock?
HERITAGE FINANCIAL CORP (HFWA) has a support level at 26.08 and a resistance level at 28.14. Check the full technical report for our detailed analysis of HFWA support and resistance levels.