BYLINE BANCORP INC (BY) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:BY • US1244111092
Taking everything into account, BY scores 8 out of 10 in our technical rating. Although BY is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- The long and short term trends are both positive. This is looking good!
- A new 52 week high is currently being made by BY, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- In the last month BY has a been trading in the 28.75 - 32.30 range, which is quite wide. It is currently trading near the high of this range.
- Looking at the yearly performance, BY did better than 75% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
- BY is an average performer in the Banks industry, it outperforms 59% of 383 stocks in the same industry.
BY has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 30.69, a Stop Loss order could be placed below this zone.
More info and screens
25.33
We found 6 important support areas.
- A support zone ranging from 30.57 to 30.69. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 29.04 to 29.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @27.82 from a trend line in the weekly time frame.
- Support @26.98 from a trend line in the weekly time frame.
- Support @26.47 from a trend line in the daily time frame.
- Support @25.59 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 31.94 to 31.94. 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 BY is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BY is up. |
| ChartMill Relative Strength | 75.8 | POSITIVE | BY has a high relative strength, it outperformed 75.8% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BY is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BY is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BY is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 61.48 | NEUTRAL | The RSI value for BY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests BY has a positive trend. |
| Stochastics (14,3) | 78.57 | NEUTRAL | The Stochastics value for BY is a neutral value. |
| Average True Range in percent/ATR (20) | 2.49 | MEDIUM VOLATILITY | The ATR as a percentage value for BY suggests some volalility. |
| Average Directional Index/ADX (14) | 21.84 | NEUTRAL | The ADX value for BY suggests a possible start of a new 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 |
|---|---|---|---|
| 31.95 | 30.56 | 1.39 (4.35%) | 22.99% |
| An entry @31.95. This is a Buy Stop order right above the resistance zone. | An exit @30.56. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.39 points, which is 4.35%. | When investing 22.99% 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.
31.93
+0.09 (+0.28%)
BYLINE BANCORP INC / BY FAQ
Can you provide the ChartMill technical rating for BYLINE BANCORP INC?
ChartMill assigns a technical rating of 8 / 10 to BY.
What is the trend direction for BY stock?
The current trend direction for BYLINE BANCORP INC (BY) is Bullish.
Can you provide the RSI signal for BYLINE BANCORP INC?
BYLINE BANCORP INC (BY) has an RSI value of 61.4757. This indicates that the stock is currently neutral.
What is the MACD signal for BY stock?
The MACD indicator for BYLINE BANCORP INC (BY) has a value of 0.0957928, indicating a bearish trend.
What is the buy/sell signal for BYLINE BANCORP INC (BY) stock?
The buy/sell signal for BYLINE BANCORP INC (BY) is buy as both the short term and long term trends are positive.