HERITAGE COMMERCE CORP (HTBK) Technical Analysis
NASDAQ:HTBK • US4269271098
Taking everything into account, HTBK scores 4 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- In the last month HTBK has a been trading in the 11.82 - 13.71 range, which is quite wide. It is currently trading near the lows of this range.
- When comparing the yearly performance of all stocks, we notice that HTBK is one of the better performing stocks in the market, outperforming 76% of all stocks.
- HTBK is one of the better performing stocks in the Banks industry, it outperforms 78% of 381 stocks in the same industry.
- The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
- HTBK 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 HTBK is lagging the market slightly.
HTBK has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 12.16, a Stop Loss order could be placed below this zone.
More info and screens
8.71
5 important support areas can be observed.
- A support zone ranging from 12.13 to 12.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @10.49 from a trend line in the weekly time frame.
- Support @9.76 from a trend line in the daily time frame.
- Support @9.15 from a horizontal line in the daily time frame.
- Support @8.80 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 13.71 to 13.71. 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 | DOWN | NEGATIVE | The short term trend for HTBK is down. |
| ChartMill Relative Strength | 76.59 | POSITIVE | HTBK has a high relative strength, it outperformed 76.59% off all stocks 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 | NEGATIVE | The current price of HTBK is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of HTBK is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 37.89 | NEUTRAL | The RSI value for HTBK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests HTBK has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 19.84 | OVERSOLD | The low Stochastics value suggests HTBK may be oversold. |
| Average True Range in percent/ATR (20) | 3.36 | MEDIUM VOLATILITY | The ATR as a percentage value for HTBK suggests some volalility. |
| Average Directional Index/ADX (14) | 20.83 | NEUTRAL | The ADX value for HTBK suggests a possible start of a new trend. |
HTBK Technicals: Chart, Performance Metrics, Trend & Indicators
12.17
+0.02 (+0.16%)
HERITAGE COMMERCE CORP / HTBK FAQ
Can you provide the ChartMill technical rating for HERITAGE COMMERCE CORP?
ChartMill assigns a technical rating of 4 / 10 to HTBK.
What is the trend direction for HTBK stock?
The current trend direction for HERITAGE COMMERCE CORP (HTBK) is Bullish.
Can you provide the RSI signal for HERITAGE COMMERCE CORP?
HERITAGE COMMERCE CORP (HTBK) has an RSI value of 37.8942. This indicates that the stock is currently neutral.
Can you provide the short term momentum for HERITAGE COMMERCE CORP?
The short term momentum for HERITAGE COMMERCE CORP (HTBK) is negative.
What is the buy/sell signal for HERITAGE COMMERCE CORP (HTBK) stock?
The buy/sell signal for HERITAGE COMMERCE CORP (HTBK) is hold as the short term and long term trends are mixed.