Horizon Bancorp, Inc. (HBNC)

Horizon Bancorp, Inc. is trading at $19.76, down 2.56% on the session. The 50 day average sits at $20.02 and the 200 day at $n/a, which puts the stock in a mixed technical position. RSI is at 49.8, which reads as neutral, and MACD is bearish crossover. Volume is below average.

The nearest support is around $20.13 with resistance near $20.51, so that band frames the current range. Average daily movement is roughly $0.39, or about 2.0% of the share price, which is what any stop placement has to allow for. The overall health score of 65 out of 100 combines a trend score of 72, momentum of 42 and a risk score of 84.

Horizon Bancorp, Inc. operates as the bank holding company for Horizon Bank that provides commercial and retail banking services to individuals and corporate clients in Indiana and Michigan in the United States. The company offers checking, savings, money market, certificates of deposit, and time deposit accounts, as well as non-interest and interest-bearing demand deposits. It also provides commercial loans, residential real estate loans, mortgage warehouse loans, and consumer loans; home equity loans and lines; auto loans; personal loans and lines; business loans and lines; SBA loans; public fund, medical practice, and franchise financing; and equipment finance solutions. In addition, the company offers corporate and individual trust and agency, investment management, and real estate investment trust services; debit and credit cards; treasury management; and remote deposit, merchant processing, online payment portal, lockbox, smart safe, ACH origination, online bill pay, wire transfer, and positive and reverse positive pay services, as well as sells various life insurance products. Further, it provides online and mobile banking; health savings accounts; wealth management, financial planning, investment management, and insurance services; retirement services, including individual retirement accounts (IRAs), business IRAs, and employee benefit plans; and estate planning and settlement services. Horizon Bancorp, Inc. was founded in 1873 and is headquartered in Michigan City, Indiana.