Heartland Financial USA stock price up 0.14% on Monday
(Updated on Sep 26, 2022)
Sell candidate since 2022-09-21 Loss -2.44% PDF
The Heartland Financial USA stock price gained 0.14% on the last trading day (Monday, 26th Sep 2022), rising from $44.25 to $44.31. During the last trading day the stock fluctuated 2.02% from a day low at $43.98 to a day high of $44.87. The price has risen in 6 of the last 10 days but is still down by -2.1% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 5 thousand more shares were traded than the day before. In total, 116 thousand shares were bought and sold for approximately $5.12 million.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $42.99 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 8.46% during the next 3 months and, with a 90% probability hold a price between $46.63 and $54.20 at the end of this 3-month period.
Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Heartland Financial USA 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 $44.91 and $45.43. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, August 16, 2022, and so far it has fallen -8.15%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss
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 $0.89 between high and low, or 2.02%. For the last week the stock has had daily average volatility of 2.05%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations For The Upcoming Trading Day Of Tuesday 27th
For the upcoming trading day on Tuesday, 27th we expect Heartland Financial USA to open at $44.39, and during the day (based on 14 day Average True Range), to move between $43.22 and $45.40, which gives a possible trading interval of +/-$1.09 (+/-2.45%) up or down from last closing price. If Heartland Financial USA takes out the full calculated possible swing range there will be an estimated 4.90% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $44.56 (0.56%) than the support at $43.39 (2.08%), 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 Heartland Financial USA stock A Buy?
The Heartland Financial USA stock holds several negative signals and despite the positive trend, we believe Heartland Financial USA will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.750Sell Candidate Unchanged
Predicted Opening Price for Heartland Financial USA of Tuesday, September 27, 2022
The predicted opening price is based on yesterday's movements between high, low, and closing price.
|Fair opening price September 27, 2022||Current price|
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About Heartland Financial USA
Heartland Financial USA, Inc., a multi-bank holding company, provides commercial, small business, and consumer banking services to individuals and businesses in the United States. It accepts various deposit products, including checking and other demand deposit accounts; NOW, savings, money market, individual retirement, and health savings accounts; certificates of deposit; and other time deposits. The company also offers commercial and industrial... HTLF Profile
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