HERITAGE COMMERCE CORP (HTBK) Stock Technical Analysis
USA - NASDAQ:HTBK - US4269271098 - Common Stock
Taking everything into account, HTBK scores 8 out of 10 in our technical rating. 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.
Besides having an excellent technical rating, HTBK also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 10.75. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 10.66, 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
8.52
When analyzing the support we can see 8 important areas.
- A support zone ranging from 10.59 to 10.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 10.14 to 10.30. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @9.96 from a horizontal line in the daily time frame.
- A support zone ranging from 9.58 to 9.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @9.41 from a horizontal line in the daily time frame.
- A support zone ranging from 9.24 to 9.25. 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 @8.61 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 10.75 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 | 59.46 | 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) | UP | POSITIVE | The current price of HTBK is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.66 | 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) | 82.12 | OVERBOUGHT | The high Stochastics value suggests HTBK may be overbought. |
| Average True Range in percent/ATR (20) | 2.73 | MEDIUM VOLATILITY | The ATR as a percentage value for HTBK suggests some volalility. |
| Average Directional Index/ADX (14) | 20.47 | NEUTRAL | The ADX value for HTBK suggests a possible start of a new trend. |
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 |
|---|---|---|---|
| 10.99 | 10.58 | 0.41 (3.73%) | 25.00% |
| An entry @10.99. This is a Buy Stop order right above the resistance zone. | An exit @10.58. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.41 points, which is 3.73%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.93%. |
- The distance between exit and entry is rather small compared to the average daily movement of HTBK. Please evaluate whether better entry and exit points can be found.
- 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.
10.74
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HERITAGE COMMERCE CORP / HTBK FAQ
Can you provide the ChartMill technical rating for HERITAGE COMMERCE CORP?
ChartMill assigns a technical rating of 8 / 10 to HTBK.
What is the current trend direction of HERITAGE COMMERCE CORP (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 60.658. This indicates that the stock is currently neutral.
What is the short term momentum for HTBK stock?
The short term momentum for HERITAGE COMMERCE CORP (HTBK) is positive.
What is the buy/sell signal for HERITAGE COMMERCE CORP (HTBK) stock?
The buy/sell signal for HERITAGE COMMERCE CORP (HTBK) is buy as both the short term and long term trends are positive.