We assign a technical rating of 10 out of 10 to HTBK. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, HTBK is showing a nice and steady performance.
Although HTBK has an excellent technical rating, it does not offer a high quality setup 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
8.57
4 important support areas can be observed.
- A support zone ranging from 10.88 to 10.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 9.80 to 9.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @9.15 from a horizontal line in the daily time frame.
- Support @8.66 from a trend line in the weekly time frame.
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 | 85.61 | POSITIVE | HTBK has a high relative strength, it outperformed 85.61% 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) | 78.86 | OVERBOUGHT | The high RSI value suggests HTBK may be overbought. |
| 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) | 94.63 | OVERBOUGHT | The high Stochastics value suggests HTBK may be overbought. |
| Average True Range in percent/ATR (20) | 2.07 | MEDIUM VOLATILITY | The ATR as a percentage value for HTBK suggests some volalility. |
| Average Directional Index/ADX (14) | 36.28 | POSITIVE | The high ADX value value for HTBK suggests a strong trend. |
12.21
+0.08 (+0.66%)
HERITAGE COMMERCE CORP / HTBK FAQ
Can you provide the ChartMill technical rating for HERITAGE COMMERCE CORP?
ChartMill assigns a technical rating of 10 / 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 78.8559. This indicates that the stock is currently overbought.
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.