We assign a technical rating of 8 out of 10 to HFWA. 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.
- Both the short term and long term trends are positive. This is a very positive sign.
- HFWA is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month HFWA has a been trading in the 23.36 - 28.35 range, which is quite wide. It is currently trading near the high of this range.
- Looking at the yearly performance, HFWA did better than 72% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
- HFWA is an average performer in the Banks industry, it outperforms 56% of 383 stocks in the same industry.
- Volume is considerably higher in the last couple of days.
Although HFWA has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
20.92
We found 5 important support areas.
- A support zone ranging from 24.17 to 24.72. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 23.58 to 23.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @23.05 from a trend line in the weekly time frame.
- A support zone ranging from 22.13 to 22.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @21.13 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- Resistance @26.59 from a horizontal line in the weekly time frame.
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 | UP | POSITIVE | The short term trend for HFWA is up. |
| ChartMill Relative Strength | 72.96 | POSITIVE | HFWA has a high relative strength, it outperformed 72.96% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of HFWA is above 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) | 60.44 | NEUTRAL | The RSI value for HFWA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.3 | POSITIVE | The MACD value suggests HFWA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 86.06 | OVERBOUGHT | The high Stochastics value suggests HFWA may be overbought. |
| Average True Range in percent/ATR (20) | 3.64 | MEDIUM VOLATILITY | The ATR as a percentage value for HFWA suggests some volalility. |
| Average Directional Index/ADX (14) | 29.6 | POSITIVE | The high ADX value value for HFWA suggests a strong trend. |
26.58
-1.56 (-5.54%)
HERITAGE FINANCIAL CORP / HFWA FAQ
What is the technical rating for HFWA stock?
ChartMill assigns a technical rating of 8 / 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 60.443. This indicates that the stock is currently neutral.
What is the buy/sell signal for HFWA stock?
The buy/sell signal for HERITAGE FINANCIAL CORP (HFWA) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for HERITAGE FINANCIAL CORP?
HERITAGE FINANCIAL CORP (HFWA) has a support level at 24.72 and a resistance level at 26.59. Check the full technical report for our detailed analysis of HFWA support and resistance levels.