Here’s Why Heritage Commerce Corp (NASDAQ:HTBK) Dropped -1.4%

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In its most recent trading session, Heritage Commerce Corp (NASDAQ:HTBK) dropped by -1.4% – here is what that looked like (as of 2019-12-04):

What is the cause of all this?? To understand this better, We ought to analyze some technical indicators. The most important ones are as follows:

A Money Flow Index (MFI) of 100.0, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of 100.0, a Moving Average Convergence Divergence (MACD) of 0.006, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.156, an Accumulation/Distribution Index (ADI) of 0.156, an On-Balance Volume (OBV) of 525.567, and a Chaiikin Money Flow (CMF) of 12.41. 37.0

Now let’s take all these indicators into account. Consulting Trading View, this is what it all means:

That is what an analysis of technical indicators seems to indicate for Heritage Commerce Corp (NASDAQ:HTBK). Note this is technical analysis only! You should do fundamental research as well, and do not just rely on this – we take no responsibility for any losses incurred if you buy or sell based on the above.