HERITAGE FINANCIAL CORP (HFWA) Stock Technical Analysis
USA - NASDAQ:HFWA - US42722X1063 - Common Stock
24.53 USD
-0.05 (-0.2%)
24.53 USD
0 (0%)
Overall HFWA gets a technical rating of 6 out of 10. Although HFWA is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
The long and short term trends are both positive. This is looking good!
In the last month HFWA has a been trading in the 23.53 - 25.43 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
When compared to the yearly performance of all other stocks, HFWA outperforms 63% of them, which is more or less in line with the market.
HFWA is an average performer in the Banks industry, it outperforms 54% of 392 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.
Volume is considerably higher in the last couple of days.
Although the technical rating is only medium, HFWA does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 24.55. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 24.15, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for HFWA in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
20.76
26.77
4 important support areas can be observed.
- A support zone ranging from 23.99 to 24.15. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 22.68 to 22.87. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @22.32 from a horizontal line in the daily time frame.
- 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.
4 important resistance areas can be observed.
- A resistance zone ranging from 24.55 to 24.61. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @25.03 from a horizontal line in the daily time frame.
- 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.
- 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 | 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 | 63.1 | 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) | DOWN | MIXED | The current price of HFWA is above a declining 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) | 52.14 | NEUTRAL | The RSI value for HFWA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests HFWA has a negative trend. |
| Stochastics (14,3) | 57.72 | NEUTRAL | The Stochastics value for HFWA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.92 | MEDIUM VOLATILITY | The ATR as a percentage value for HFWA suggests some volalility. |
| Average Directional Index/ADX (14) | 16.18 | 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)
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 |
|---|---|---|---|
| 24.62 | 23.98 | 0.64 (2.60%) | 25.00% |
| An entry @24.62. This is a Buy Stop order right above the resistance zone. | An exit @23.98. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.64 points, which is 2.60%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.65%. |
- The distance between exit and entry is rather small compared to the average daily movement of HFWA. Please evaluate whether better entry and exit points can be found.
- 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
-0.05 (-0.2%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-0.2%
1 Week2.08%
2 Weeks-1.37%
1 Month1.74%
3 Month2.89%
6 Month1.62%
12 Month14.79%
2 Year50.4%
3 Year-7.33%
5 Year33.39%
10 Year30.34%
15 Year75.21%
Volatility
ATR(14)0.75
ATR(20)%2.92%
ATR Inc-28.8%
Range Today0.52
ADR(20)0.7
ADR(20)%2.86%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS63.1
Mansfield-0.79
10 Day High25.19
10 Day Low23.53
20 Day High25.43
20 Day Low23.53
52 Week High27.58
52 Week Low19.84
CS1 End24.15
CR1 Start24.55
Volume & EV
DER(3)3.14%
DER(5)3.27%
Volume116.20K
Volume Incr63.03%
Vol(5)278.64K
Vol(50)177.01K