HERITAGE COMMERCE CORP (HTBK) Stock Technical Analysis
NASDAQ:HTBK - Nasdaq - US4269271098 - Common Stock - Currency: USD
Taking everything into account, HTBK scores 9 out of 10 in our technical rating. In the last year, HTBK was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
When comparing the yearly performance of all stocks, we notice that HTBK is one of the better performing stocks in the market, outperforming 80% of all stocks.
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 9.11 - 10.58 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
HTBK is part of the Banks industry. There are 395 other stocks in this industry, HTBK did better than 63% of them.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although HTBK has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
8.31
11.09
When analyzing the support we can see 4 important areas.
- A support zone ranging from 9.54 to 9.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 9.35 to 9.36. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 9.03 to 9.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @8.39 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- Resistance @10.66 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 10.92 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 | UP | POSITIVE | The short term trend for HTBK is up. |
| ChartMill Relative Strength | 80.66 | POSITIVE | HTBK has a high relative strength, it outperformed 80.66% off all stocks 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) | UP | POSITIVE | The current price of HTBK is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 77.49 | OVERBOUGHT | The high RSI value suggests HTBK may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests HTBK has a positive trend. |
| Stochastics (14,3) | 94.44 | OVERBOUGHT | The high Stochastics value suggests HTBK may be overbought. |
| Average True Range in percent/ATR (20) | 1.96 | LOW VOLATILITY | The low ATR as a percentage value for HTBK suggests low volalility. |
| Average Directional Index/ADX (14) | 25.39 | POSITIVE | The high ADX value value for HTBK suggests a strong 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)
10.57
+0.33 (+3.22%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg3.22%
1 Week9.88%
2 Weeks15.52%
1 Month13.66%
3 Month24.79%
6 Month14.39%
12 Month28.59%
2 Year10.1%
3 Year-10.27%
5 Year55.9%
10 Year-4.69%
15 Year193.61%
Volatility
ATR(14)0.22
ATR(20)%1.96%
ATR Inc133.36%
Range Today0.32
ADR(20)0.19
ADR(20)%1.79%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS80.66
Mansfield0.09
10 Day High10.58
10 Day Low9.11
20 Day High10.58
20 Day Low9.11
52 Week High11.27
52 Week Low8.09
CS1 End9.72
CR1 Start10.24
Volume & EV
DER(3)-1%
DER(5)-1.68%
Volume553.66K
Volume Incr98.69%
Vol(5)832.95K
Vol(50)385.48K