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Horizon Bancorp, Inc.

Stage 3 · Topping · week 4

As of Oct 22, 2026, Horizon Bancorp is in Stage 3, the topping phase, now in week 4 (since Sep 28, 2026). It closed at $19.99, 3.1% below its 52-week high and above its 200-day average, which is rising.

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. More about the company

$19.99
+1.99% today
$1.0B · Small cap
Market Neutral — Building

Pro read

Pro

Our read

Topping: the uptrend is tiring

Setup score

—

Momentum

Steady

Edge

—

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Stage Cycle Timeline2023-08-16 → 2026-10-22
S2 28w
S2 14w
S2 20w
2023-08-162026-10-22
S1S2S3S4Setup score (0–10, dashed line at 5)
S1 7w → S4 8w → S1 1w → S2 12w → S3 10w → S2 5w → S3 3w → S2 28w → S3 11w → S4 10w → S1 9w → S2 12w → S3 2w → S2 14w → S3 8w → S2 20w → S3 4w current
Total tracked: 165 weeks across 17 stage runs.

HBNC among Banks - Regional149th of 319 by relative strength

All 319 →
Stocks in Banks - Regional ranked by relative strength, with stage and one-month change
#StockStageRS1M
1OPHCStage 2 · wk 3896−1.0%
2MSBIStage 2 · wk 4395+1.8%
3CMTVStage 2 · wk 7294+11.5%
4VBNKStage 2 · wk 2594−0.9%
5AMALStage 3 · wk 294+8.1%
6BOTJStage 2 · wk 5893+9.0%
7ATLOStage 2 · wk 6892+9.5%
8RBKBStage 2 · wk 3892+0.9%
…149HBNCStage 3 · wk 477+6.0%
vs 52W High
-3.1%
$15.06 lo$20.63 hi
Near 52W high, distribution zone
The stock is rolling over from its 52-week high. In Stage 3 distribution, new long positions carry high risk.
Stage Maturity
Week 4
1w13w26w
Week 4, early distribution
How long this stock has been in Stage 3 distribution. Longer tops often precede deeper Stage 4 declines.
vs 200 DMA
9.2%
200 DMA: $18.31 · rising
Stock is losing its 200 DMA. Once lost, it confirms Stage 4 risk. This is a major red flag for existing holders.
Rel Volume
1.11x
vs 50-day avg
Volume spikes on down days during Stage 3 signal distribution, with institutions exiting. Stage analysis reads that as a warning against new long positions.
Trend Health
→
Short-term trend flat
Two reads of momentum. The arrow shows the direction of the short-term trend: rising (↑ or ↗), flat (→) or rolling over (↓). The ⇈ mark appears when our trend model reads the move as gaining speed on top of the longer trend. Strongest when both agree.
1M
+6.0%
3M
+0.5%
6M
+14.1%
YTD
+24.0%
1Y
+31.7%
Scan Membership
Breakout Watch
Latest: 2024-07-10
7 appearances in last 60 days. First seen: 2019-08-22.
A stock that keeps qualifying week after week does so because its Stage 2 structure keeps holding. Staying power in the scan says more about the trend than any single appearance.
Recent Stage Timeline
2026-10-22S3
Wk 4 · Vol 1.11x
2026-10-21S3
Wk 4 · Vol 0.67x
2026-10-20S3
Wk 4 · Vol 1.04x
2026-10-19S3
Wk 4 · Vol 0.79x
2026-10-16S3
Wk 3 · Vol 0.96x
2026-10-15S3
Wk 3 · Vol 1.01x
2026-10-14S3
Wk 3 · Vol 1.16x
2026-10-13S3
Wk 3 · Vol 0.84x
2026-10-12S3
Wk 3 · Vol 0.79x
2026-10-09S3
Wk 2 · Vol 1.15x
2026-10-08S3
Wk 2 · Vol 1.26x
2026-10-07S3
Wk 2 · Vol 2.17x
Moving averages & range
50 DMA
$19.40
200 DMA
$18.31
52W High
$20.63
52W Low
$15.06
5D Low
$19.22
Resistance levels (recent highs)
20d High
$19.99
60d High
$20.63
120d High
$20.63
250d High
$20.63
Next resistance
+3.2%
to 60d High
Earnings Growth (YoY)
+3.7%
Revenue +16.9%
ROE
-19.0%
Profit margin 0.0%
Dividend Yield
3.27%
P/B 1.4

Horizon Bancorp: quick answers

What stage is Horizon Bancorp in?

As of Oct 22, 2026, Horizon Bancorp (HBNC) is in Stage 3, the topping phase. It entered Stage 3 on Sep 28, 2026 and is in week 4. What the four stages mean

Is Horizon Bancorp in an uptrend?

Its uptrend has stalled. Horizon Bancorp is in Stage 3, the topping phase that follows an advance. It trades 9.2% above its 200-day average, which is rising.

How far is Horizon Bancorp from its 52-week high?

Horizon Bancorp closed at $19.99 on Oct 22, 2026, 3.1% below its 52-week high of $20.63. Its 52-week low is $15.06.

How has Horizon Bancorp performed over the past year?

As of Oct 22, 2026, Horizon Bancorp is up 31.7% over the past year and up 24.0% so far in 2026.

Which sector and industry is Horizon Bancorp in?

Horizon Bancorp is in the Banks - Regional industry, part of the Financials sector.

About this companyFinancials· Banks - Regional

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.

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All analytics based on EOD data. Data as of 2026-10-22. Past data patterns are not indicative of future results. This page is a data analytics tool only.