Heartland Financial USA Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Evaluation of Heartland Financial USA stock downgraded after the last trading session.
(Updated on Apr 16, 2024)
The Heartland Financial USA stock price fell by -2.94% on the last day (Tuesday, 16th Apr 2024) from $34.31 to $33.30. During the last trading day the stock fluctuated 2.12% from a day low at $33.25 to a day high of $33.95. The price has risen in 6 of the last 10 days but is still down by -0.21% 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 -112 thousand shares and in total, 251 thousand shares were bought and sold for approximately $8.37 million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -7.05% during the next 3 months and, with a 90% probability hold a price between $28.49 and $33.76 at the end of this 3-month period.
HTLF Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, February 26, 2024, and so far it has risen 3.38%. Further rise is indicated until a new top pivot has been found. 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. The Heartland Financial USA stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $34.09 and $33.87. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Heartland Financial USA stock
Heartland Financial USA finds support from accumulated volume at $33.00 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 $0.705 between high and low, or 2.12%. For the last week the stock has had daily average volatility of 2.30%.
Our recommended stop-loss: $31.63 (-5.00%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 35 days ago.)
Trading Expectations (HTLF) For The Upcoming Trading Day Of Wednesday 17th
For the upcoming trading day on Wednesday, 17th we expect Heartland Financial USA to open at $33.50, and during the day (based on 14 day Average True Range), to move between $32.33 and $34.27, which gives a possible trading interval of +/-$0.97 (+/-2.92%) up or down from last closing price. If Heartland Financial USA takes out the full calculated possible swing range there will be an estimated 5.85% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $33.00 (0.90%) than the resistance at $33.90 (1.80%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Heartland Financial USA will release earnings BMO on Monday, April 22, 2024.The consensus among the analysts for the expected earnings (EPS) is $1.14. We will update the financials statements for Heartland Financial USA, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.61% in the first trading day after earnings release.
Is Heartland Financial USA stock A Buy?
Heartland Financial USA holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: -0.949 Hold/Accumulate Downgraded
Predicted Opening Price for Heartland Financial USA of Wednesday, April 17, 2024
| Fair opening price April 17, 2024 | Current price |
|---|---|
| $33.50 ( 0.596%) | $33.30 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HTLF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 34.20 | 2.71 % | |
| R2 | 33.93 | 1.90 % | ||
| R1 | 33.77 | 1.40 % | ||
| Current price: | 33.30 | |||
| Support | S1 | 33.23 | -0.213 % | |
| S2 | 33.06 | -0.713 % | ||
| S3 | 32.79 | -1.52 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 35.47 | 6.52 % | |
| R2 | 34.00 | 2.10 % | ||
| R1 | 33.90 | 1.80 % | ||
| Current price | 33.30 | |||
| Support | S1 | 33.00 | -0.90% | |
| S2 | 32.97 | -0.99% | ||
| S3 | 32.92 | -1.14% |
HTLF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 23, 2024 | Feb 09, 2024 | Feb 27, 2024 | $0.300 | 0.91% |
| 2 | Oct 18, 2023 | Nov 13, 2023 | Nov 29, 2023 | $0.300 | 0.96% |
| 3 | Aug 06, 2023 | Aug 10, 2023 | Aug 25, 2023 | $0.300 | 0.99% |
| 4 | Aug 07, 2023 | May 11, 2023 | May 26, 2023 | $0.300 | 1.05% |
| 5 | Jan 20, 2023 | Feb 09, 2023 | May 26, 2023 | $0.300 | 1.05% |
FAQ
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