SIERRA BANCORP (BSRR) Stock Technical Analysis
NASDAQ:BSRR • US82620P1021
Taking everything into account, BSRR scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, BSRR is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- BSRR is one of the better performing stocks in the Banks industry, it outperforms 77% of 379 stocks in the same industry.
- BSRR is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month BSRR has a been trading in the 32.96 - 38.60 range, which is quite wide. It is currently trading near the high of this range.
- When comparing the yearly performance of all stocks, we notice that BSRR is one of the better performing stocks in the market, outperforming 81% of all stocks. However, this relatively good performance is mostly due to a recent big move.
Besides having an excellent technical rating, BSRR 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 37.89. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 34.91, a Stop Loss order could be placed below this zone.
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26.82
When analyzing the support we can see 4 important areas.
- A support zone ranging from 34.69 to 34.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @33.20 from a horizontal line in the daily time frame.
- Support @28.89 from a trend line in the weekly time frame.
- Support @27.09 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 37.89 to 38.02. 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 BSRR is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BSRR is up. |
| ChartMill Relative Strength | 81.25 | POSITIVE | BSRR has a high relative strength, it outperformed 81.25% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BSRR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BSRR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BSRR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.5 | NEUTRAL | The RSI value for BSRR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests BSRR has a negative trend. |
| Stochastics (14,3) | 65.73 | NEUTRAL | The Stochastics value for BSRR is a neutral value. |
| Average True Range in percent/ATR (20) | 3.59 | MEDIUM VOLATILITY | The ATR as a percentage value for BSRR suggests some volalility. |
| Average Directional Index/ADX (14) | 29.68 | POSITIVE | The high ADX value value for BSRR suggests a strong trend. |
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 |
|---|---|---|---|
| 38.03 | 35.99 | 2.04 (5.36%) | 18.64% |
| An entry @38.03. This is a Buy Stop order right above the resistance zone. | An exit @35.99. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 2.04 points, which is 5.36%. | For a 1.00% total portfolio risk, you can invest 18.64% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of BSRR. Please evaluate whether better entry and exit points can be found.
- 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.
37.54
+0.46 (+1.24%)
SIERRA BANCORP / BSRR FAQ
What is the technical rating for BSRR stock?
ChartMill assigns a technical rating of 9 / 10 to BSRR.
What is the trend direction for BSRR stock?
The current trend direction for SIERRA BANCORP (BSRR) is Bullish.
What is the RSI signal for SIERRA BANCORP (BSRR) stock?
SIERRA BANCORP (BSRR) has an RSI value of 60.5006. This indicates that the stock is currently neutral.
What is the buy/sell signal for BSRR stock?
The buy/sell signal for SIERRA BANCORP (BSRR) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for SIERRA BANCORP (BSRR) stock?
SIERRA BANCORP (BSRR) has a support level at 34.91 and a resistance level at 37.89. Check the full technical report for our detailed analysis of BSRR support and resistance levels.