Heritage Commerce Technical Analysis (NASDAQ:HTBK)

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$13.87 $0.17 (1.24%) HTBK stock closing price Sep 22, 2017 (Closing)

Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. When a chart pattern that can predict future Heritage Commerce stock price movements is formed, the HTBK stock chart can become a key tool for a technical analyst.

You can view Simple Moving Average (SMA 20 day, 50 day & 100 day), Exponential Moving Average (EMA 20 day, 50 day & 100 day) charts, and Bollinger Bands for Heritage Commerce. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of Heritage Commerce stock analysis.

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Heritage Commerce Moving Average:

HTBK stock price movements can be forecasted by using triggers based on moving averages, which are also some of the simplest technical indicators. The way the averages are calculated in each of the 2 popular cases, that is SMA and EMA varies, however the interpretation of Heritage Commerce chart patterns after the calculations remain the same. The 100 day moving average of 13.7 is below the last closing price of 13.87. One needs to choose the duration of a moving average depending on the investment objective and investment horizon. For periods greater than 100, it takes a larger and longer HTBK stock price movement for the moving average to change course.  

Heritage Commerce Bollinger Bands:

Bollinger bands comprise of a center line usually HTBK SMA, and two HTBK stock price bands above and below it. The stock is considered over brought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band.   The stock price is trading between the average and the upper band in the context of Heritage Commerce bollinger bands.

Heritage Commerce Moving Average Convergence Divergence or MACD:

Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up.   The Heritage Commerce MACD indicator can be used to identify bullish and bearish trends for the stock.

Heritage Commerce Relative Strength Index:

The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements.   59.27 is the RSI value of HTBK stock. .