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Stock Trend Analysis Report

Prepared for you on Saturday, December 9, 2023.

Horizon Bancorp, Inc. (NASDAQ:HBNC)

Long-Term Uptrend (+90) - HBNC is in a strong uptrend that is likely to continue. While HBNC is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

Is it time to buy, sell, or avoid HBNC?

MarketClub looks at technical strength and momentum to determine if the timing is right for HBNC.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

Open High Low HBNC Price Change
12.040 12.400 11.755 12.265 +0.205
Entry Signal

MarketClub’s Trade Triangles for HBNC

long term up The long-term trend has been UP since Dec 1st, 2023 at 11.550

intermediate term up The intermediate-term trend has been UP since Nov 14th, 2023 at 10.678

short term up The short-term trend has been UP since Dec 8th, 2023 at 12.130

Smart Scan Analysis for HBNC

Based on our trend formula, HBNC is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

Smart Scan Analysis for HBNC
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
12.040 12.400 11.755 12.265 +0.205
Prev. Close Volume Bid Ask Time
12.250 85675 2023-12-08 15:59:15
Year High22.1267Year High Date2018-06-11
Year Low16.36Year Low Date2018-10-24
52wk High16.43552wk High Date2023-02-03
52wk Low7.6952wk Low Date2023-05-11
Year End Close19.65Average Volume135,587
Shares Outstanding44,114Short Interest117,217
% Institutional47.6Market Cap780M
P/E Ratio6.381Beta0.15
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