HERITAGE COMMERCE CORP (HTBK) Stock Technical Analysis
NASDAQ:HTBK - US4269271098 - Common Stock
10.33 USD
-0.03 (-0.29%)
10.33 USD
0 (0%)
We assign a technical rating of 8 out of 10 to HTBK. Although HTBK is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
HTBK is one of the lesser performing stocks in the Banks industry. 60% of 395 stocks in the same industry do better.
Both the short term and long term trends are positive. This is a very positive sign.
HTBK 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 HTBK is lagging the market slightly.
In the last month HTBK has a been trading in the 9.21 - 10.49 range, which is quite wide. It is currently trading near the high of this range.
When comparing the performance of all stocks over the past year, HTBK turns out to be only a medium performer in the overall market: it outperformed 55% of all stocks.
Although HTBK has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
8.40
11.09
5 important support areas can be observed.
- A support zone ranging from 9.78 to 10.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 9.50 to 9.53. 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 @8.48 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 10.61 to 10.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 10.91 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 | UP | POSITIVE | The short term trend for HTBK is up. |
| ChartMill Relative Strength | 55.08 | NEUTRAL | HTBK is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of HTBK is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of HTBK is above the rising 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) | 62.55 | NEUTRAL | The RSI value for HTBK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests HTBK has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 90.89 | OVERBOUGHT | The high Stochastics value suggests HTBK may be overbought. |
| Average True Range in percent/ATR (20) | 2.08 | MEDIUM VOLATILITY | The ATR as a percentage value for HTBK suggests some volalility. |
| Average Directional Index/ADX (14) | 20.99 | NEUTRAL | The ADX value for HTBK suggests a possible start of a new 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 |
|---|---|---|---|
| 10.67 | 9.65 | 1.02 (9.56%) | 10.46% |
| An entry @10.67. This is a Buy Stop order right above the resistance zone. | An exit @9.65. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.02 points, which is 9.56%. | When investing 10.46% 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.
10.33
-0.03 (-0.29%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-0.29%
1 Week2.38%
2 Weeks6.6%
1 Month11.68%
3 Month11.56%
6 Month-2.64%
12 Month1.47%
2 Year19.15%
3 Year-8.5%
5 Year49.06%
10 Year-2.36%
15 Year207.44%
Volatility
ATR(14)0.23
ATR(20)%2.08%
ATR Inc-22.72%
Range Today0.16
ADR(20)0.21
ADR(20)%2.01%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS55.08
Mansfield-0.29
10 Day High10.49
10 Day Low9.66
20 Day High10.49
20 Day Low9.21
52 Week High11.27
52 Week Low8.09
CS1 End10.08
CR1 Start10.61
Volume & EV
DER(3)1.16%
DER(5)3.29%
Volume335.70K
Volume Incr-17.31%
Vol(5)548.52K
Vol(50)584.50K