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 HTBK
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Heritage Commerce Corp stock upgraded from Hold/Accumulate to Buy Candidate after Friday trading session.
(Updated on Jul 19, 2024)

Buy or Hold candidate since Jul 02, 2024 Gain 16.82% PDF

The Heritage Commerce Corp stock price gained 0.499% on the last trading day (Friday, 19th Jul 2024), rising from $10.02 to $10.07. During the last trading day the stock fluctuated 1.75% from a day low at $10.00 to a day high of $10.18. The price has risen in 9 of the last 10 days and is up by 22.51% over the past 2 weeks. Volume fell on the last day by -205 thousand shares and in total, 287 thousand shares were bought and sold for approximately $2.89 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the upper part of a very wide and weak rising 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 $10.24 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 9.77% during the next 3 months and, with a 90% probability hold a price between $8.92 and $11.24 at the end of this 3-month period.

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HTBK Signals & Forecast

The Heritage Commerce Corp 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 $9.71 and $8.45. A breakdown below any of these levels will issue sell signals. 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. 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 Wednesday, July 17, 2024, and so far it has fallen -1.37%. Further fall is indicated until a new bottom pivot has been found. The stock had a Golden Star Signal on Wednesday, May 01, 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 Wednesday, May 01, 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.

Support, Risk & Stop-loss for Heritage Commerce Corp stock

On the downside, the stock finds support just below today's level from accumulated volume at $8.70 and $8.15. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Heritage Commerce Corp finds support just below today's level at $8.70. If this is broken, then the next support from accumulated volume will be at $8.15 and $8.00.

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 $0.175 between high and low, or 1.75%. For the last week, the stock has had daily average volatility of 3.31%.

Our recommended stop-loss: $9.74 (-3.29%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 10 days ago.)

Trading Expectations (HTBK) For The Upcoming Trading Day Of Monday 22nd

For the upcoming trading day on Monday, 22nd we expect Heritage Commerce Corp to open at $10.08, and during the day (based on 14 day Average True Range), to move between $9.82 and $10.32, which gives a possible trading interval of +/-$0.250 (+/-2.49%) up or down from last closing price. If Heritage Commerce Corp takes out the full calculated possible swing range there will be an estimated 4.97% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $10.21 (1.39%) than the support at $8.70 (13.60%), 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.

Earnings coming up

Heritage Commerce Corp will release earnings BMO on Thursday, July 25, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.190. We will update the financials statements for Heritage Commerce Corp, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.14% in the first trading day after earnings release.

Is Heritage Commerce Corp stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Heritage Commerce Corp stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.326 Buy Candidate Upgraded

Predicted Opening Price for Heritage Commerce Corp of Monday, July 22, 2024

Fair opening price July 22, 2024 Current price
$10.08 ( 0.116%) $10.07

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

Trading levels for HTBK

Fibonacci Support & Resistance Levels

Level Price
R3 10.26 1.85%
R2 10.19 1.19%
R1 10.15 0.780%
Price 10.07
S1 10.01 -0.548%
S2 9.97 -0.96%
S3 9.91 -1.62%

Accumulated Volume Support & Resistance Levels

Level Price
R3 0 -
R2 0 -
R1 10.21 1.39%
Price 10.07
S1 8.70 -13.60%
S2 8.15 -19.07%
S3 8.00 -20.56%

HTBK Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Apr 25, 2024 May 08, 2024 May 23, 2024 $0.130 1.60%
2 Jan 25, 2024 Feb 07, 2024 Feb 22, 2024 $0.130 1.56%
3 Oct 26, 2023 Nov 06, 2023 Nov 21, 2023 $0.130 1.53%
4 Jul 27, 2023 Aug 09, 2023 Aug 24, 2023 $0.130 1.49%
5 Apr 27, 2023 May 10, 2023 May 25, 2023 $0.130 1.75%

FAQ

What is the symbol for Heritage Commerce Corp Stock and on which exchange is it traded?
The symbol for Heritage Commerce Corp is HTBK and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Heritage Commerce Corp Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Heritage Commerce Corp stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

How to buy Heritage Commerce Corp Stock?
Heritage Commerce Corp Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Heritage Commerce Corp Stock.

What's the current price of Heritage Commerce Corp Stock?
As of the end of day on the Jul 19, 2024, the price of an Heritage Commerce Corp (HTBK) share was $10.07.

What is the 52-week high and low for Heritage Commerce Corp Stock?
The 52-week high for Heritage Commerce Corp Stock is $10.27 and the 52-week low is $7.66.

What is the market capitalization of Heritage Commerce Corp Stock?
As of the Jul 19, 2024, the market capitalization of Heritage Commerce Corp is 616.847M.

When is the next earnings date for Heritage Commerce Corp?
The upcoming earnings date for Heritage Commerce Corp is Jul 25, 2024.
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About Heritage Commerce Corp

Heritage Commerce Corp operates as the bank holding company for Heritage Bank of Commerce that provides various commercial and personal banking services to residents and the business/professional community in California. Its deposit products for business banking and retail markets include interest and non-interest bearing demand, savings, and money market accounts, as well as certificates of deposit and time deposits. The company's loan portfolio... HTBK Profile

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