Heritage Commerce Corp (NASDAQ:HTBK) Moving Average Rating Holds at Strong Sell

Heritage Commerce Corp (NASDAQ:HTBK) has returned -7.277817 after closing at $—  in the recent session.  The stock is looking to return closer to the 52-week high of $18.1.

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Taking a look at some key pivot levels we note that the one month Pivot Woodie support stands at 14.085 while 1-month resistance level is at 14.655.  On the other hand shares would see support at the 1-month pivot woodie of 14.085 and resistance at 14.655.  One of the key differences in calculating Woodie’s Pivot Point to other pivot points is that the current session’s open price is used in the PP formula with the previous session’s high and low.

Heritage Commerce Corp (NASDAQ:HTBK) ran -0.82273746 after opening at $13.38.  62172 shares traded hands for the 615862800 market cap company.  Heritage Commerce Corp (NASDAQ:HTBK) is a “Sell” according to the social consensus. 

Diving into some additional pivot points we note that the Fibonacci S1 stands at 14.14226 while the R1 resistance number is 14.57774.  The S1 Camarilla pivot is 14.23775 while the R1 resistance is 14.34225.  The Demark Pivot is as follows: R1 resistance is 14.485 while S1 support is 13.915.

Heritage Commerce Corp (NASDAQ:HTBK) shares hit a high of 14.76 within the past month while touching a low point of 13.23 over the past 30 days. 

Turning to simple moving averages, Heritage Commerce Corp, the below chart outlines the current numbers:

10-Day Simple Moving Average: 14.14305 
20-Day Simple Moving Average: 14.208525 
30-Day Simple Moving Average: 14.26735 
50-Day Simple Moving Average: 14.37961 
100-Day Simple Moving Average: 14.620847 
200-Day Simple Moving Average: 15.150861

Consensus Rating: Strong Sell

Turning to Bollinger Bands, the upper 20 band holds at 14.83223 while the lower is currently 13.584821.  The average volume over the past 3 months is 199724.67 compared to the 10-day average of 108119.4.

Other moving averages that have been taken into consideration in order to try to figure out the potential direction of the shares include the Hull Moving Average.  The Hull MA currently reads 13.536193.  The Positive Directional Indicator is at 11.671625.  The volume weighted moving average stands at 14.105745.  Putting all the pieces together the moving average signal for Heritage Commerce Corp (NASDAQ:HTBK) is a consensus “Strong Sell” signal.

Changing lanes over to oscillators, we see that the Aroon Up oscillator is currently 50 while the Aroon Down shows 100.  These are useful in determining if a reversal might be in the near future.  Given the Ultimate Oscillator number of 30.882282 and Parabolic SAR number of 14.53072, combined with other variables, Heritage Commerce Corp (NASDAQ:HTBK) has been given a consensus oscillator rating of “Buy”. 

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Investors will be closely watching to see if the firm can move towards the $27.34 time high as the Bull Bear Power number stands at -1.3569368.