Heartland Financial USA Stock Forecast

Green day on Friday for Heartland Financial USA stock after gaining 1.57%
(Updated on May 03, 2024)

HTLF Signals & Forecast

The Heartland Financial USA 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 $40.53 and $35.31. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 33.11%. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. The stock had a Golden Star Signal on Tuesday, March 26, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Buy

Special Signal Notification

Golden Star

The stock had a Golden Star Signal on Tuesday, March 26, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Sell

Special Signal Notification

Double Top Formation

Support, Risk & Stop-loss for Heartland Financial USA stock

Heartland Financial USA finds support from accumulated volume at $42.11 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.630 between high and low, or 1.45%. For the last week, the stock has had daily average volatility of 3.74%.

The Heartland Financial USA stock is extremely overbought on RSI14 (86). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.

Our recommended stop-loss: $42.72 (-2.78%) (This stock has high daily movements and this gives high risk. The RSI14 is 86 and this increases the risk substantially. There is a buy signal from a pivot bottom found 12 days ago.)

Trading Expectations (HTLF) For The Upcoming Trading Day Of Monday 6th

For the upcoming trading day on Monday, 6th we expect Heartland Financial USA to open at $43.80, and during the day (based on 14 day Average True Range), to move between $42.52 and $45.36, which gives a possible trading interval of +/-$1.42 (+/-3.23%) up or down from last closing price. If Heartland Financial USA takes out the full calculated possible swing range there will be an estimated 6.47% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $42.11, some $1.83 (4.16%) from the current price of $43.94, our system finds the risk reward attractive.

Is Heartland Financial USA stock A Buy?

Heartland Financial USA holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.000 Hold/Accumulate Unchanged

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Heartland Financial USA of Monday, May 6, 2024

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