Heritage Commerce Corp Stock Forecast

Buy or Hold candidate since Nov 07, 2024 Gain 0.67%

The Heritage Commerce Corp stock price fell by -0.191% on the last day (Wednesday, 11th Dec 2024) from $10.49 to $10.47. During the last trading day the stock fluctuated 1.92% from a day low at $10.44 to a day high of $10.64. The price has fallen in 7 of the last 10 days and is down by -2.42% for this period. Volume has increased on the last day by 100 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 335 thousand shares were bought and sold for approximately $3.50 million.

The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 10.32% during the next 3 months and, with a 90% probability hold a price between $11.03 and $12.55 at the end of this 3-month period.

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HTBK Signals & Forecast

A sell signal was issued from a pivot top point on Wednesday, November 06, 2024, and so far it has fallen -4.56%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. Some positive signals were issued as well, and these may have some influence on the near short-term development. The Heritage Commerce Corp 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 $10.48. On a fall, the stock will find some support from the long-term average at approximately $10.38. 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.

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

Heritage Commerce Corp finds support from accumulated volume at $10.13 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.200 between high and low, or 1.92%. For the last week the stock has had daily average volatility of 2.58%.

Our recommended stop-loss: $10.11 (-3.40%) (This stock has very low daily movements and this gives very low risk. There is a sell signal from a pivot top found 24 days ago.)

Trading Expectations (HTBK) For The Upcoming Trading Day Of Thursday 12th

For the upcoming trading day on Thursday, 12th we expect Heritage Commerce Corp to open at $10.52, and during the day (based on 14 day Average True Range), to move between $10.19 and $10.75, which gives a possible trading interval of +/-$0.275 (+/-2.63%) up or down from last closing price. If Heritage Commerce Corp takes out the full calculated possible swing range there will be an estimated 5.26% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $10.52 (0.48%) than the support at $10.13 (3.25%), 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 Commerce Corp stock A Buy?

Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.

Current score: 1.610 Buy Candidate Unchanged

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Predicted Fair Opening Price

Predicted fair opening price on December 12, 2024 - $10.52 ( 0.446%).