RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of HBNC
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Horizon Bancorp (IN) stock price ended at $12.83 on Thursday, after gaining 0.86%.
(Updated on Mar 28, 2024)

Buy or Hold candidate since Mar 21, 2024 Gain 1.34% PDF

The Horizon Bancorp (IN) stock price gained 0.86% on the last trading day (Thursday, 28th Mar 2024), rising from $12.72 to $12.83. During the last trading day the stock fluctuated 2.30% from a day low at $12.63 to a day high of $12.92. The price has risen in 6 of the last 10 days and is up by 8.18% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 5 thousand more shares were traded than the day before. In total, 146 thousand shares were bought and sold for approximately $1.87 million.

Given the current short-term trend, the stock is expected to fall -13.59% during the next 3 months and, with a 90% probability hold a price between $9.92 and $11.09 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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HBNC Signals & Forecast

Mostly positive signals in the chart today. The Horizon Bancorp (IN) stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $12.47 and $12.25. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, March 18, 2024, and so far it has risen 9.19%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.

Support, Risk & Stop-loss for Horizon Bancorp (IN) stock

Horizon Bancorp (IN) finds support from accumulated volume at $12.72 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.290 (2.30%) between high and low. For the last week, the stock has had daily average volatility of 2.87%.

Our recommended stop-loss: $12.33 (-3.90%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 8 days ago.)

Trading Expectations (HBNC) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Horizon Bancorp (IN) to open at $12.79, and during the day (based on 14 day Average True Range), to move between $12.43 and $13.23, which gives a possible trading interval of +/-$0.401 (+/-3.12%) up or down from last closing price. If Horizon Bancorp (IN) takes out the full calculated possible swing range there will be an estimated 6.25% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $12.72 (0.86%) than the resistance at $13.47 (4.99%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Horizon Bancorp (IN) stock A Buy?

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.

Current score: 3.039 Buy Candidate Unchanged

Predicted Opening Price for Horizon Bancorp (IN) of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$12.79 ( 0.286%) $12.83

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for HBNC

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 13.08 1.97 %
R2 12.97 1.11 %
R1 12.90 0.578 %
Current price: 12.83
Support S1 12.68 -1.15 %
S2 12.61 -1.68 %
S3 12.50 -2.55 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 13.94 8.65 %
R2 13.68 6.63 %
R1 13.47 4.99 %
Current price 12.83
Support S1 12.72 -0.86%
S2 11.88 -7.40%
S3 11.85 -7.64%

HBNC Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 19, 2024 Apr 04, 2024 Apr 19, 2024 $0.160 1.25%
2 Dec 19, 2023 Jan 04, 2024 Jan 19, 2024 $0.160 1.19%
3 Sep 19, 2023 Oct 05, 2023 Oct 20, 2023 $0.160 1.59%
4 Jun 20, 2023 Jul 06, 2023 Jul 21, 2023 $0.160 1.41%
5 Mar 21, 2023 Apr 05, 2023 Jul 21, 2023 $0.160 1.41%

FAQ

What is the symbol for Horizon Bancorp (IN) Stock and on which exchange is it traded?
The symbol for Horizon Bancorp (IN) is HBNC and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Horizon Bancorp (IN) Stock?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.

How to buy Horizon Bancorp (IN) Stock?
Horizon Bancorp (IN) Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Horizon Bancorp (IN) Stock.

What's the current price of Horizon Bancorp (IN) Stock?
As of the end of day on the 2024-03-28, the price of an Horizon Bancorp (IN) (HBNC) share was $12.83.

What is the 52-week high and low for Horizon Bancorp (IN) Stock?
The 52-week high for Horizon Bancorp (IN) Stock is $14.71 and the 52-week low is $7.70.

What is the market capitalization of Horizon Bancorp (IN) Stock?
As of the 2024-03-28, the market capitalization of Horizon Bancorp (IN) is 565.983M.

When is the next earnings date for Horizon Bancorp (IN)?
The upcoming earnings date for Horizon Bancorp (IN) is Apr 24, 2024.
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About Horizon Bancorp (IN)

Horizon Ban (IN) Horizon Bancorp, Inc. operates as the bank holding company for Horizon Bank that provides a range of commercial and retail banking services. The company offers various deposits. It also provides commercial, residential real estate, mortgage warehouse, and consumer loans. In addition, the company offers corporate and individual trust and agency, investment management, and real estate investment trust services; and sells various insurance products.... HBNC Profile

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