HERITAGE FINANCIAL CORP (HFWA) Stock Technical Analysis
NASDAQ:HFWA - US42722X1063 - Common Stock
24.53 USD
-0.08 (-0.33%)
24.53 USD
0 (0%)
We assign a technical rating of 6 out of 10 to HFWA. HFWA has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
HFWA is part of the Banks industry. There are 393 other stocks in this industry, of which 61% are performing better than HFWA.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month HFWA has a been trading in the 21.86 - 24.90 range, which is quite wide. It is currently trading near the high of this range.
When compared to the yearly performance of all other stocks, HFWA outperforms 53% of them, which is more or less in line with the market.
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.
HFWA has an average technical rating and also the quality of the setup is only medium 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.
More info and screens
20.76
26.77
When analyzing the support we can see 3 important areas.
- A support zone ranging from 23.34 to 23.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 22.32 to 22.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 20.97 to 21.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 25.70 to 25.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 26.48 to 26.50. 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 | NEUTRAL | NEUTRAL | The long term trend for HFWA is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for HFWA is up. |
| ChartMill Relative Strength | 53.17 | NEUTRAL | HFWA is not amongst the best or worst performers 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) | DOWN | MIXED | The current price of HFWA is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 58.88 | NEUTRAL | The RSI value for HFWA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.21 | POSITIVE | The MACD value suggests HFWA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 89.79 | OVERBOUGHT | The high Stochastics value suggests HFWA may be overbought. |
| Average True Range in percent/ATR (20) | 2.7 | MEDIUM VOLATILITY | The ATR as a percentage value for HFWA suggests some volalility. |
| Average Directional Index/ADX (14) | 21.6 | NEUTRAL | The ADX value for HFWA suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 25.78 | 23.33 | 2.45 (9.50%) | 10.52% |
| An entry @25.78. This is a Buy Stop order right above the resistance zone. | An exit @23.33. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.45 points, which is 9.50%. | For a 1.00% total portfolio risk, you can invest 10.52% 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.
24.53
-0.08 (-0.33%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-0.33%
1 Week6.33%
2 Weeks2.94%
1 Month8.83%
3 Month4.92%
6 Month-2.93%
12 Month7.4%
2 Year42.45%
3 Year-5.62%
5 Year23.02%
10 Year38.43%
15 Year93.91%
Volatility
ATR(14)0.68
ATR(20)%2.7%
ATR Inc1.3%
Range Today0.52
ADR(20)0.61
ADR(20)%2.5%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS53.17
Mansfield-0.61
10 Day High24.9
10 Day Low22.88
20 Day High24.9
20 Day Low21.86
52 Week High27.58
52 Week Low19.84
CS1 End23.93
CR1 Start25.7
Volume & EV
DER(3)1.29%
DER(5)1.27%
Volume102.34K
Volume Incr5.63%
Vol(5)167.56K
Vol(50)159.20K