Technical Analysis for HBNC - Horizon Bancorp (IN)
|Grade||Last Price||% Change||Price Change|
HBNC closed down 1.09 percent on Thursday, August 17, 2017, on 1.13 times normal volume. The stock fell below its 200 day moving average, damaging its long-term outlook by crossing under that critical trendline. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a bounce should not be unexpected.
Trend Table & Recent Alerts
|Weak or Absent||Flat||Down||Down|
|See historical HBNC trend table...|
|Date||Alert Name||Type||% Chg|
|Aug 17||Downside 200 DMA Break||Bearish||0.00%|
|Aug 17||Stochastic Reached Oversold||Other||0.00%|
|Aug 17||Cup with Handle||Other||0.00%|
|Aug 16||Cup with Handle||Other||-1.09%|
|Aug 15||Lower Bollinger Band Walk||Other||-1.39%|
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Horizon Bancorp operates as the bank holding company for Horizon Bank, N.A. that provides commercial and retail banking services in northwestern Indiana and southwestern Michigan. The company offers demand deposits, savings accounts, interest-bearing checking accounts, and money market deposits. Its loan portfolio comprises commercial, financial, agricultural, and commercial tax-exempt loans; real estate loans, which include mortgage warehouse, residential mortgage, and residential construction loans; and consumer loans. The company also provides corporate and individual trust and agency services, and investment management services. It operates 29 full service facilities. The company was founded in 1873 and is headquartered in Michigan City, Indiana.
Is HBNC a Buy, Sell or Hold?
|Indicator||Bull Case||Neutral / Hold||Bear Case|
|Oversold / Overbought|
|Summary:||Counts: 0 bullish, 2 bearish and 3 neutral indicators. You may wish to incorporate that into your trading strategies.|
See more HBNC news...
|52 Week High||28.3991|
|52 Week Low||17.5553|
|200-Day Moving Average||25.5986|
|50-Day Moving Average||26.2855|
|20-Day Moving Average||26.1873|
|10-Day Moving Average||25.9095|
|Average True Range||0.5098|
|Chandelier Exit (Long, 3 ATRs)||25.4706|
|Chandelier Exit (Short, 3 ATRs)||26.9994|
|Upper Bollinger Band||26.9497|
|Lower Bollinger Band||25.4249|
|Percent B (%b)||0.04|
|MACD Signal Line||-0.1023|