HERITAGE COMMERCE CORP (HTBK) Stock Technical Analysis
USA - NASDAQ:HTBK - US4269271098 - Common Stock
10.07 USD
-0.07 (-0.69%)
10.07 USD
0 (0%)
Overall HTBK gets a technical rating of 4 out of 10. In the last year, HTBK was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
HTBK is part of the Banks industry. There are 392 other stocks in this industry, of which 66% are performing better than HTBK.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
HTBK 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.
When compared to the yearly performance of all other stocks, HTBK outperforms 48% of them, which is more or less in line with the market.
HTBK is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so HTBK is lagging the market.
In the last month HTBK has a been trading in a tight range between 9.90 and 10.49.
Although the technical rating is only medium, HTBK does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 9.74, 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
8.44
11.09
We found 4 important support areas.
- A support zone ranging from 9.74 to 9.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 9.24 to 9.24. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @9.04 from a horizontal line in the daily time frame.
- Support @8.53 from a trend line in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 10.15 to 10.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @10.43 from a horizontal line in the daily time frame.
- A resistance zone ranging from 10.66 to 10.98. 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 HTBK is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for HTBK is neutral. |
| ChartMill Relative Strength | 48.4 | NEUTRAL | HTBK is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of HTBK is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of HTBK is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of HTBK is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.45 | NEUTRAL | The RSI value for HTBK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests HTBK has a negative trend. |
| Stochastics (14,3) | 44.64 | NEUTRAL | The Stochastics value for HTBK is a neutral value. |
| Average True Range in percent/ATR (20) | 1.92 | LOW VOLATILITY | The low ATR as a percentage value for HTBK suggests low volalility. |
| Average Directional Index/ADX (14) | 15.56 | NEGATIVE | The low ADX value for HTBK 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)
10.07
-0.07 (-0.69%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-0.69%
1 Week0.4%
2 Weeks-1.56%
1 Month-0.3%
3 Month2.86%
6 Month5.56%
12 Month4.14%
2 Year18.89%
3 Year-11.2%
5 Year51.31%
10 Year-11.2%
15 Year187.71%
Volatility
ATR(14)0.19
ATR(20)%1.92%
ATR Inc-5.3%
Range Today0.2
ADR(20)0.19
ADR(20)%1.86%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS48.4
Mansfield-0.71
10 Day High10.43
10 Day Low9.9
20 Day High10.49
20 Day Low9.9
52 Week High11.27
52 Week Low8.09
CS1 End9.74
CR1 Start10.15
Volume & EV
DER(3)-0.88%
DER(5)-0.17%
Volume321.60K
Volume Incr14.17%
Vol(5)455.44K
Vol(50)525.86K