HERITAGE COMMERCE CORP (HTBK) Stock Technical Analysis
NASDAQ:HTBK - Nasdaq - US4269271098 - Common Stock - Currency: USD
Taking everything into account, HTBK scores 2 out of 10 in our technical rating. HTBK scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
62% of all other stocks performed better in the past year than HTBK.
HTBK is one of the lesser performing stocks in the Banks industry. 71% of 393 stocks in the same industry do better.
In the last month HTBK has a been trading in the 9.02 - 10.40 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
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.
HTBK has a poor technical rating and the quality of the setup is also not perfect 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
8.16
11.09
When analyzing the support we can see 5 important areas.
- A support zone ranging from 9.56 to 9.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @9.39 from a trend line in the daily time frame.
- Support @9.04 from a horizontal line in the daily time frame.
- Support @8.46 from a trend line in the weekly time frame.
- A support zone ranging from 8.24 to 8.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- 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 | NEUTRAL | NEUTRAL | The long term trend for HTBK is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for HTBK is neutral. |
| ChartMill Relative Strength | 38.34 | NEUTRAL | HTBK is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of HTBK is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of HTBK is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of HTBK is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.21 | NEUTRAL | The RSI value for HTBK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests HTBK has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 79.74 | NEUTRAL | The Stochastics value for HTBK is a neutral value. |
| Average True Range in percent/ATR (20) | 2.62 | MEDIUM VOLATILITY | The ATR as a percentage value for HTBK suggests some volalility. |
| Average Directional Index/ADX (14) | 22.88 | 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)
9.69
-0.22 (-2.22%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-2.22%
1 Week4.19%
2 Weeks4.76%
1 Month-5.83%
3 Month2.22%
6 Month-9.01%
12 Month-1.52%
2 Year11.76%
3 Year-14.17%
5 Year39.83%
10 Year-8.41%
15 Year188.39%
Volatility
ATR(14)0.25
ATR(20)%2.62%
ATR Inc-14.13%
Range Today0.26
ADR(20)0.24
ADR(20)%2.46%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS38.34
Mansfield-0.92
10 Day High10.07
10 Day Low9.21
20 Day High10.41
20 Day Low9.02
52 Week High11.27
52 Week Low8.09
CS1 End9.65
CR1 Start10.66
Volume & EV
DER(3)-1.33%
DER(5)-0.04%
Volume303.61K
Volume Incr-24.46%
Vol(5)514.00K
Vol(50)562.63K