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* 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 downgraded from Hold/Accumulate to Sell Candidate after Friday trading session.
(Updated on Jun 14, 2024)

Sell candidate since Jun 14, 2024 PDF

The Horizon Bancorp (IN) stock price fell by -1.53% on the last day (Friday, 14th Jun 2024) from $11.76 to $11.58. During the last trading day the stock fluctuated 2.18% from a day low at $11.48 to a day high of $11.73. The price has fallen in 6 of the last 10 days and is down by -5.24% for this period. 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 -22 thousand shares and in total, 81 thousand shares were bought and sold for approximately $941.89 thousand.

The stock is at the lower part of a wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $11.27 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Horizon Bancorp (IN) stock with a 90% probability to be traded between $11.25 and $12.79 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

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HBNC Signals & Forecast

There are few to no technical positive signals at the moment. The Horizon Bancorp (IN) stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $11.74 and $12.17. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, May 17, 2024, and so far it has fallen -9.11%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.

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

Horizon Bancorp (IN) finds support from accumulated volume at $11.54 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.250 between high and low, or 2.18%. For the last week the stock has had daily average volatility of 2.33%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (HBNC) For The Upcoming Trading Day Of Monday 17th

For the upcoming trading day on Monday, 17th we expect Horizon Bancorp (IN) to open at $11.60, and during the day (based on 14 day Average True Range), to move between $11.26 and $11.90, which gives a possible trading interval of +/-$0.318 (+/-2.75%) up or down from last closing price. If Horizon Bancorp (IN) takes out the full calculated possible swing range there will be an estimated 5.50% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $11.54 (0.35%) than the resistance at $11.84 (2.25%), 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?

Horizon Bancorp (IN) holds several negative signals and is within a wide and falling trend, so we believe 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: -3.075 Sell Candidate Downgraded

Predicted Opening Price for Horizon Bancorp (IN) of Monday, June 17, 2024

Fair opening price June 17, 2024 Current price
$11.60 ( 0.144%) $11.58

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
R3 11.85 2.30%
R2 11.75 1.48%
R1 11.69 0.97%
Price 11.58
S1 11.50 -0.681%
S2 11.44 -1.19%
S3 11.35 -2.01%

Accumulated Volume Support & Resistance Levels

Level Price
R3 12.72 9.84%
R2 11.85 2.33%
R1 11.84 2.25%
Price 11.58
S1 11.54 -0.345%
S2 11.41 -1.47%
S3 11.37 -1.81%

HBNC Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 19, 2024 Apr 04, 2024 Apr 19, 2024 $0.160 1.35%
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?
Horizon Bancorp (IN) holds several negative signals and is within a wide and falling trend, so we believe 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.

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 Jun 14, 2024, the price of an Horizon Bancorp (IN) (HBNC) share was $11.58.

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 $9.22.

What is the market capitalization of Horizon Bancorp (IN) Stock?
As of the Jun 14, 2024, the market capitalization of Horizon Bancorp (IN) is 510.861M.

When is the next earnings date for Horizon Bancorp (IN)?
The upcoming earnings date for Horizon Bancorp (IN) is Jul 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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