HERITAGE INSURANCE HOLDINGS (HRTG) Technical Analysis
NYSE:HRTG • US42727J1025
Current stock price
HRTG Technical Rating and Analysis
Taking everything into account, HRTG scores 8 out of 10 in our technical rating. HRTG has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- Looking at the yearly performance, HRTG did better than 84% of all other stocks. On top of that, HRTG also shows a nice and consistent pattern of rising prices.
- HRTG is part of the Insurance industry. There are 148 other stocks in this industry. HRTG outperforms 95% of them.
- HRTG is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so HRTG is lagging the market slightly.
- In the last month HRTG has a been trading in the 24.55 - 29.11 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
HRTG Weekly and Daily overview Charts
HRTG Setup Rating and Analysis
Besides having an excellent technical rating, HRTG also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 27.55. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 26.77, a Stop Loss order could be placed below this zone.
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HRTG Support and Resistance Analysis
22.64
7 important support areas can be observed.
- A support zone ranging from 26.31 to 26.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 25.51 to 25.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @24.92 from a trend line in the weekly time frame.
- Support @24.50 from a trend line in the daily time frame.
- Support @24.10 from a horizontal line in the weekly time frame.
- A support zone ranging from 23.37 to 23.46. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @22.87 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 27.55 to 28.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 28.83 to 28.83. This zone is formed by a combination of multiple trend lines in the daily time frame.
HRTG Technical Indicator Signal Analysis
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 HRTG is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for HRTG is neutral. |
| ChartMill Relative Strength | 84.27 | POSITIVE | HRTG has a high relative strength, it outperformed 84.27% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of HRTG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of HRTG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of HRTG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.6 | NEUTRAL | The RSI value for HRTG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests HRTG has a positive trend. |
| Stochastics (14,3) | 68.42 | NEUTRAL | The Stochastics value for HRTG is a neutral value. |
| Average True Range in percent/ATR (20) | 3.85 | MEDIUM VOLATILITY | The ATR as a percentage value for HRTG suggests some volalility. |
| Average Directional Index/ADX (14) | 12.83 | NEGATIVE | The low ADX value for HRTG suggests a weak or negative trend. |
HRTG Chart- and CandleStick Pattern Analysis
HRTG Example Setup
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 |
|---|---|---|---|
| 28.24 | 26.30 | 1.94 (6.87%) | 14.56% |
| An entry @28.24. This is a Buy Stop order right above the resistance zone. | An exit @26.30. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.94 points, which is 6.87%. | For a 1.00% total portfolio risk, you can invest 14.56% 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.
HRTG Technicals: Chart, Performance Metrics, Trend & Indicators
27.06
+0.44 (+1.65%)
HERITAGE INSURANCE HOLDINGS / HRTG TA FAQ
What is the ChartMill technical rating of HERITAGE INSURANCE HOLDINGS (HRTG) stock?
ChartMill assigns a technical rating of 8 / 10 to HRTG.
What is the trend direction for HRTG stock?
The current trend direction for HERITAGE INSURANCE HOLDINGS (HRTG) is Bullish.
Can you provide the RSI signal for HERITAGE INSURANCE HOLDINGS?
HERITAGE INSURANCE HOLDINGS (HRTG) has an RSI value of 53.5956. This indicates that the stock is currently neutral.
What is the short term momentum for HRTG stock?
The short term momentum for HERITAGE INSURANCE HOLDINGS (HRTG) is neutral.
What are the support and resistance levels for HERITAGE INSURANCE HOLDINGS (HRTG) stock?
HERITAGE INSURANCE HOLDINGS (HRTG) has a support level at 26.77 and a resistance level at 27.55. Check the full technical report for our detailed analysis of HRTG support and resistance levels.