HERITAGE INSURANCE HOLDINGS (HRTG) Stock Technical Analysis
NYSE:HRTG - US42727J1025 - Common Stock
22.77 USD
+0.3 (+1.34%)
22.77 USD
0 (0%)
We assign a technical rating of 7 out of 10 to HRTG. Although HRTG 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!
HRTG is one of the better performing stocks in the Insurance industry, it outperforms 85% of 145 stocks in the same industry.
HRTG 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 HRTG is lagging the market slightly.
HRTG is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Looking at the yearly performance, HRTG did better than 77% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
Besides having an excellent technical rating, HRTG also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 22.32, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
16.33
26.28
We found 4 important support areas.
- A support zone ranging from 21.72 to 22.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @21.19 from a horizontal line in the daily time frame.
- A support zone ranging from 20.29 to 20.58. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @16.49 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- Resistance @23.20 from a trend line in the daily time frame.
- A resistance zone ranging from 26.02 to 26.02. 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 | UP | POSITIVE | The long term trend for HRTG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for HRTG is up. |
| ChartMill Relative Strength | 77.87 | POSITIVE | HRTG has a high relative strength, it outperformed 77.87% 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) | 56.23 | NEUTRAL | The RSI value for HRTG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests HRTG has a positive trend. |
| Stochastics (14,3) | 67.01 | NEUTRAL | The Stochastics value for HRTG is a neutral value. |
| Average True Range in percent/ATR (20) | 4.94 | MEDIUM VOLATILITY | The ATR as a percentage value for HRTG suggests some volalility. |
| Average Directional Index/ADX (14) | 12.89 | NEGATIVE | The low ADX value for HRTG 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 |
|---|---|---|---|
| 23.21 | 21.71 | 1.50 (6.46%) | 15.47% |
| An entry @23.21. This is a Buy Stop order right above the resistance zone. | An exit @21.71. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.50 points, which is 6.46%. | When investing 15.47% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
22.77
+0.3 (+1.34%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg1.34%
1 Week0.53%
2 Weeks6.2%
1 Month8.38%
3 Month-6.95%
6 Month93.79%
12 Month41.17%
2 Year328.81%
3 Year762.5%
5 Year74.48%
10 Year29.6%
15 YearN/A
Volatility
ATR(14)0.83
ATR(20)%4.94%
ATR Inc-42.31%
Range Today0.5
ADR(20)1.12
ADR(20)%4.92%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS77.87
Mansfield2.82
10 Day High23.48
10 Day Low20.95
20 Day High23.48
20 Day Low16.83
52 Week High26.64
52 Week Low8.7
CS1 End22.32
CR1 Start23.2
Volume & EV
DER(3)-1.04%
DER(5)-0.69%
Volume480.60K
Volume Incr-38.62%
Vol(5)298.22K
Vol(50)439.17K