Heritage Financial Corporation Stock Forecast
Evaluation of Heritage Financial Corporation stock downgraded after the last trading session.
(Updated on May 10, 2024)
The Heritage Financial Corporation stock price fell by -0.85% on the last day (Friday, 10th May 2024) from $18.91 to $18.75. During the last trading day the stock fluctuated 2.37% from a day low at $18.56 to a day high of $19.00. The price has risen in 7 of the last 10 days and is up by 4.92% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -32 thousand shares and in total, 105 thousand shares were bought and sold for approximately $1.96 million.
The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $19.00 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -2.07% during the next 3 months and, with a 90% probability hold a price between $16.65 and $18.61 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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HFWA Signals & Forecast
The Heritage Financial Corporation stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $18.85. On a fall, the stock will find some support from the long-term average at approximately $18.25. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, May 06, 2024, and so far it has fallen -1.47%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Heritage Financial Corporation stock
Heritage Financial Corporation finds support from accumulated volume at $18.48 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.440 between high and low, or 2.37%. For the last week, the stock has had daily average volatility of 2.02%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (HFWA) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Heritage Financial Corporation to open at $18.77, and during the day (based on 14 day Average True Range), to move between $18.25 and $19.25, which gives a possible trading interval of +/-$0.497 (+/-2.65%) up or down from last closing price. If Heritage Financial Corporation takes out the full calculated possible swing range there will be an estimated 5.30% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $18.76 (0.05%) than the support at $18.48 (1.44%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Heritage Financial Corporation stock A Buy?
Heritage Financial Corporation holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.906 Sell Candidate Downgraded
Predicted Opening Price for Heritage Financial Corporation of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| $18.77 ( 0.107%) | $18.75 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HFWA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 19.21 | 2.45 % | |
| R2 | 19.04 | 1.56 % | ||
| R1 | 18.94 | 1.00 % | ||
| Current price: | 18.75 | |||
| Support | S1 | 18.60 | -0.790 % | |
| S2 | 18.50 | -1.34 % | ||
| S3 | 18.33 | -2.24 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 19.17 | 2.24 % | |
| R2 | 18.84 | 0.480 % | ||
| R1 | 18.76 | 0.0533 % | ||
| Current price | 18.75 | |||
| Support | S1 | 18.48 | -1.44% | |
| S2 | 18.38 | -1.97% | ||
| S3 | 18.33 | -2.24% |
HFWA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 24, 2024 | May 07, 2024 | May 22, 2024 | $0.230 | 1.23% |
| 2 | Jan 24, 2024 | Feb 07, 2024 | Feb 22, 2024 | $0.230 | 1.25% |
| 3 | Oct 18, 2023 | Oct 31, 2023 | Nov 15, 2023 | $0.220 | 1.22% |
| 4 | Jul 19, 2023 | Aug 01, 2023 | Aug 16, 2023 | $0.220 | 1.25% |
| 5 | Apr 19, 2023 | May 03, 2023 | Aug 16, 2023 | $0.220 | 1.25% |
FAQ
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