HERITAGE FINANCIAL CORP (HFWA) Stock Technical Analysis
NASDAQ:HFWA - Nasdaq - US42722X1063 - Common Stock - Currency: USD
Overall HFWA gets a technical rating of 9 out of 10. In the past year, HFWA was one of the better performing stocks in the market. The medium term picture became unclear, although we see some improvement happening in recent action.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
When comparing the yearly performance of all stocks, we notice that HFWA is one of the better performing stocks in the market, outperforming 84% of all stocks. We also observe that the gains produced by HFWA over the past year are nicely spread over this period.
HFWA is part of the Banks industry. There are 395 other stocks in this industry. HFWA outperforms 79% of them.
HFWA is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so HFWA is lagging the market slightly.
In the last month HFWA has a been trading in the 22.27 - 25.30 range, which is quite wide. It is currently trading near the high of this range.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
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
17.41
26.77
6 important support areas can be observed.
- A support zone ranging from 23.38 to 23.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 22.17 to 22.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @21.49 from a horizontal line in the daily time frame.
- Support @21.13 from a horizontal line in the weekly time frame.
- Support @20.77 from a horizontal line in the daily time frame.
- Support @17.59 from a trend line in the weekly time frame.
We found 1 important resistance area.
- Resistance @26.50 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 | 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 | 84.88 | POSITIVE | HFWA has a high relative strength, it outperformed 84.88% 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) | 69.27 | NEUTRAL | The RSI value for HFWA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.23 | POSITIVE | The MACD value suggests HFWA has a positive trend. |
| Stochastics (14,3) | 92.31 | OVERBOUGHT | The high Stochastics value suggests HFWA may be overbought. |
| Average True Range in percent/ATR (20) | 2.42 | MEDIUM VOLATILITY | The ATR as a percentage value for HFWA suggests some volalility. |
| Average Directional Index/ADX (14) | 13.89 | NEGATIVE | The low ADX value for HFWA suggests a weak or negative 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)
25.28
+0.47 (+1.89%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg1.89%
1 Week8.4%
2 Weeks13.26%
1 Month8.13%
3 Month17.64%
6 Month4.55%
12 Month47.58%
2 Year34.75%
3 Year-2.84%
5 Year33.65%
10 Year42.82%
15 Year70.24%
Volatility
ATR(14)0.65
ATR(20)%2.42%
ATR Inc59.77%
Range Today0.56
ADR(20)0.58
ADR(20)%2.29%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.88
Mansfield0.04
10 Day High25.3
10 Day Low22.27
20 Day High25.3
20 Day Low22.27
52 Week High27.58
52 Week Low17.17
CS1 End23.74
CR1 Start24.5
Volume & EV
DER(3)-0.05%
DER(5)0.01%
Volume156.00K
Volume Incr22.34%
Vol(5)210.16K
Vol(50)198.23K