ARROWMARK FINANCIAL CORP (BANX) Technical Analysis
NASDAQ:BANX • US8617801043
Current stock price
19.49 USD
+0.08 (+0.41%)
At close:
19.36 USD
-0.13 (-0.67%)
After Hours:
BANX Technical Rating and Analysis
We assign a technical rating of 1 out of 10 to BANX. BANX's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- 77% of all other stocks performed better in the past year than BANX.
- BANX is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month BANX has a been trading in the 18.68 - 19.95 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- BANX is part of the Capital Markets industry. There are 239 other stocks in this industry, BANX did better than 44% of them.
- Considerably lower volume is observed in the last couple of days.
BANX Weekly and Daily overview Charts
BANX Setup Rating and Analysis
The technical rating of BANX is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
BANX Support and Resistance Analysis
18.49
23.08
When analyzing the support we notice one important area.
- A support zone ranging from 18.68 to 18.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 19.63 to 19.84. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 21.41 to 21.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @22.35 from a horizontal line in the weekly time frame.
- Resistance @22.85 from a horizontal line in the daily time frame.
BANX 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 | DOWN | NEGATIVE | The long term trend for BANX is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BANX is neutral. |
| ChartMill Relative Strength | 23.18 | NEGATIVE | BANX has a low relative strength, it was outperformed by 76.82% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BANX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of BANX is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BANX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.89 | NEUTRAL | The RSI value for BANX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests BANX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 31.74 | NEUTRAL | The Stochastics value for BANX is a neutral value. |
| Average True Range in percent/ATR (20) | 1.44 | LOW VOLATILITY | The low ATR as a percentage value for BANX suggests low volalility. |
| Average Directional Index/ADX (14) | 20.63 | NEUTRAL | The ADX value for BANX suggests a possible start of a new trend. |
BANX Chart- and CandleStick Pattern Analysis
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)
BANX Technicals: Chart, Performance Metrics, Trend & Indicators
19.49
+0.08 (+0.41%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryCapital Markets
Performance
% Chg0.41%
1 Week-1.57%
2 Weeks0.57%
1 Month4.34%
3 Month-8.2%
6 Month-7.89%
12 Month-3.8%
2 Year6.21%
3 Year12.66%
5 Year-2.11%
10 Year12.01%
15 YearN/A
Volatility
ATR(14)0.27
ATR(20)%1.44%
ATR Inc79.63%
Range Today0.28
ADR(20)0.26
ADR(20)%1.32%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS23.18
3 months CRS23.05
6 months CRS27.87
Mansfield-1.4
10 Day High19.95
10 Day Low19.22
20 Day High19.95
20 Day Low18.68
52 Week High23.67
52 Week Low18.45
CS1 End18.95
CR1 Start19.63
Volume & EV
DER(3)1.54%
DER(5)-1.57%
Volume30.30K
Volume Incr-18.79%
Vol(5)33.12K
Vol(50)53.61K
ARROWMARK FINANCIAL CORP / BANX TA FAQ
What is the technical rating for BANX stock?
ChartMill assigns a technical rating of 1 / 10 to BANX.
Can you provide the trend direction for ARROWMARK FINANCIAL CORP?
The current trend direction for ARROWMARK FINANCIAL CORP (BANX) is Bearish.
What is the RSI signal for BANX stock?
ARROWMARK FINANCIAL CORP (BANX) has an RSI value of 49.8899. This indicates that the stock is currently neutral.
What is the short term momentum for ARROWMARK FINANCIAL CORP (BANX) stock?
The short term momentum for ARROWMARK FINANCIAL CORP (BANX) is neutral.