ALLEGIANCE BANCSHARES INC (ABTX) Technical Analysis
NASDAQ:ABTX • US01748H1077
Current stock price
ABTX Technical Rating and Analysis
Overall ABTX gets a technical rating of 4 out of 10. Although ABTX is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- In the last month ABTX has a been trading in the 40.50 - 45.93 range, which is quite wide. It is currently trading near the lows of this range.
- ABTX is part of the Banks industry. There are 381 other stocks in this industry. ABTX outperforms 97% of them.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- When comparing the yearly performance of all stocks, we notice that ABTX is one of the better performing stocks in the market, outperforming 90% of all stocks. However, this relatively good performance is mostly due to a recent big move.
- ABTX is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ABTX is lagging the market slightly.
- Volume is considerably higher in the last couple of days.
ABTX Weekly and Daily overview Charts
ABTX Setup Rating and Analysis
Although the technical rating is only medium, ABTX does present a nice setup opportunity. Prices have been consolidating lately. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
ABTX Support and Resistance Analysis
37.16
When analyzing the support we can see 3 important areas.
- Support @39.30 from a trend line in the weekly time frame.
- A support zone ranging from 38.25 to 38.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @37.54 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 42.62 to 43.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @45.00 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 45.74 to 46.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
ABTX Technical Indicator Signal Analysis
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for ABTX is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ABTX is neutral. |
| ChartMill Relative Strength | 90.24 | POSITIVE | ABTX has a high relative strength, it outperformed 90.24% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ABTX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of ABTX is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of ABTX is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 40.87 | NEUTRAL | The RSI value for ABTX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.15 | NEGATIVE | The MACD value suggests ABTX has a negative trend. |
| Stochastics (14,3) | 32.03 | NEUTRAL | The Stochastics value for ABTX is a neutral value. |
| Average True Range in percent/ATR (20) | 3.45 | MEDIUM VOLATILITY | The ATR as a percentage value for ABTX suggests some volalility. |
| Average Directional Index/ADX (14) | 16.47 | NEGATIVE | The low ADX value for ABTX suggests a weak or negative trend. |
ABTX Chart- and CandleStick Pattern Analysis
ABTX Technicals: Chart, Performance Metrics, Trend & Indicators
41.63
-0.36 (-0.86%)
ALLEGIANCE BANCSHARES INC / ABTX TA FAQ
What is the ChartMill technical rating of ALLEGIANCE BANCSHARES INC (ABTX) stock?
ChartMill assigns a technical rating of 3 / 10 to ABTX.
What is the trend direction for ABTX stock?
The current trend direction for ALLEGIANCE BANCSHARES INC (ABTX) is Bearish.
Can you provide the RSI signal for ALLEGIANCE BANCSHARES INC?
ALLEGIANCE BANCSHARES INC (ABTX) has an RSI value of 40.8702. This indicates that the stock is currently neutral.
What is the MACD signal for ABTX stock?
The MACD indicator for ALLEGIANCE BANCSHARES INC (ABTX) has a value of -0.152573, indicating a bearish trend.
What are the support and resistance levels for ALLEGIANCE BANCSHARES INC (ABTX) stock?
ALLEGIANCE BANCSHARES INC (ABTX) has a support level at 39.3 and a resistance level at 42.62. Check the full technical report for our detailed analysis of ABTX support and resistance levels.