Horizon Bancorp

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Open/close reversal: Buyers have lost commitment during the trading day for Horizon Bancorp

[BULLISH WEAK]: Horizon Bancorp opened in the lower part of daily range at 18.2% & closed in the middle part of the trading range at 59.1%. This suggests the buyers have lost commitment. Over the last 12 months there has been 2 trading days with the opening price in the lower shadow & the closing the price in the middle shadow giving a confirmation ratio of 0.8%. Over the last month there has been 2 trading days with the opening price in the lower price range & the closing the price in the middle price range giving a confirmation ratio of 14.3%.

Horizon Bancorp: Buyers are now becoming increasingly eager.

[BULLISH]: Horizon Bancorp buyers are increasingly eager. This is the first day buyers have increased eagerness for HBNC adding strength to an uptrend in the first timeframe. The biggest price range this month has been $1.0400. & the greatest daily price range this year has been $2.7500. The price range ratio this week versus the quarterly price range is 0.8x & the price range ratio this month versus the year to date price range is 0.4x.

Selling pressure for HBNC continues - bearish signal

[BEARISH]: Horizon Bancorp current price has highlighted recent selling pressure and the continuation of a bearish trading conditions. Currently, the CMF is -0.27. Horizon Bancorp (NASDAQ:HBNC) received a confirmed CMF crossover days on the Aug 23 2019. The bearish signal has been active for 0 day. During the quarter, the lowest CMF value was -0.32 occurring on the Aug 23 2019.

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