BANCFIRST CORP (BANF) Stock Technical Analysis
NASDAQ:BANF - Nasdaq - US05945F1030 - Common Stock - Currency: USD
Overall BANF gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, BANF is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, BANF did better than 86% of all other stocks.
BANF is one of the better performing stocks in the Banks industry, it outperforms 88% of 395 stocks in the same industry.
BANF is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so BANF is lagging the market slightly.
In the last month BANF has a been trading in the 117.27 - 126.05 range, which is quite wide. It is currently trading near the high of this range.
Prices have been consolidating recently, this may present a good entry opportunity.
Volume is considerably higher in the last couple of days.
Besides having an excellent technical rating, BANF also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 126.69. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 122.21, a Stop Loss order could be placed below this zone.
More info and screens
79.88
131.26
We found 5 important support areas.
- A support zone ranging from 117.82 to 122.30. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @105.86 from a trend line in the weekly time frame.
- Support @100.43 from a horizontal line in the daily time frame.
- Support @88.35 from a trend line in the weekly time frame.
- Support @80.69 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @126.69 from a horizontal line in the daily time frame.
- A resistance zone ranging from 128.91 to 129.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The long term trend for BANF is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BANF is up. |
| ChartMill Relative Strength | 86.54 | POSITIVE | BANF has a high relative strength, it outperformed 86.54% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of BANF is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BANF is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BANF is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.52 | NEUTRAL | The RSI value for BANF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.26 | POSITIVE | The MACD value suggests BANF has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 82.51 | OVERBOUGHT | The high Stochastics value suggests BANF may be overbought. |
| Average True Range in percent/ATR (20) | 2.09 | MEDIUM VOLATILITY | The ATR as a percentage value for BANF suggests some volalility. |
| Average Directional Index/ADX (14) | 15.54 | NEGATIVE | The low ADX value for BANF suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 126.70 | 117.26 | 9.44 (7.45%) | 13.42% |
| An entry @126.70. This is a Buy Stop order right above the resistance zone. | An exit @117.26. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 9.44 points, which is 7.45%. | When investing 13.42% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
123.62
-1.39 (-1.11%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-1.11%
1 Week0.2%
2 Weeks3.1%
1 Month-0.07%
3 Month23.09%
6 Month5.69%
12 Month44.58%
2 Year34.37%
3 Year29.16%
5 Year204.71%
10 Year277.75%
15 Year577.56%
Volatility
ATR(14)2.57
ATR(20)%2.09%
ATR Inc-30.13%
Range Today1.64
ADR(20)2.46
ADR(20)%1.99%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.54
Mansfield0.11
10 Day High126.05
10 Day Low117.27
20 Day High126.05
20 Day Low117.27
52 Week High132.29
52 Week Low84.48
CS1 End122.21
CR1 Start126.69
Volume & EV
DER(3)1.58%
DER(5)2%
Volume85.30K
Volume Incr120.19%
Vol(5)190.60K
Vol(50)102.43K