Heartland Financial USA Stock Forecast

Heartland Financial USA stock downgraded to Sell Candidate
(Updated on Apr 25, 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 $34.83 and $34.04. 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). 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, April 24, 2024, and so far it has fallen -1.50%. 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. 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.

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

Heartland Financial USA finds support from accumulated volume at $35.47 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.605 (1.73%) between high and low. For the last week, the stock has had daily average volatility of 2.99%.

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

Trading Expectations (HTLF) For The Upcoming Trading Day Of Friday 26th

For the upcoming trading day on Friday, 26th we expect Heartland Financial USA to open at $35.40, and during the day (based on 14 day Average True Range), to move between $34.49 and $36.47, which gives a possible trading interval of +/-$0.99 (+/-2.79%) up or down from last closing price. If Heartland Financial USA takes out the full calculated possible swing range there will be an estimated 5.59% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $35.47 (0.03%) than the resistance at $35.92 (1.24%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Heartland Financial USA stock A Buy?

Heartland Financial USA 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: -1.531 Sell Candidate Downgraded

Predicted Opening Price for Heartland Financial USA of Friday, April 26, 2024

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