BYLINE BANCORP INC (BY) Stock Technical Analysis
USA - NYSE:BY - US1244111092 - Common Stock
28.27 USD
+0.01 (+0.04%)
28.27 USD
0 (0%)
Overall BY gets a technical rating of 4 out of 10. BY has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
BY is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
When compared to the yearly performance of all other stocks, BY outperforms 57% of them, which is more or less in line with the market.
BY is an average performer in the Banks industry, it outperforms 47% of 392 stocks in the same industry.
BY is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BY is lagging the market.
Although the technical rating is only medium, BY does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
24.41
29.68
When analyzing the support we can see 3 important areas.
- A support zone ranging from 26.39 to 26.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @25.59 from a horizontal line in the daily time frame.
- A support zone ranging from 24.66 to 25.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 28.65 to 29.39. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
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 | NEUTRAL | NEUTRAL | The short term trend for BY is neutral. |
| ChartMill Relative Strength | 57.34 | NEUTRAL | BY is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BY is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of BY is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of BY is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.36 | NEUTRAL | The RSI value for BY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.14 | NEGATIVE | The MACD value suggests BY has a negative trend. |
| Stochastics (14,3) | 12.82 | OVERSOLD | The low Stochastics value suggests BY may be oversold. |
| Average True Range in percent/ATR (20) | 2.53 | MEDIUM VOLATILITY | The ATR as a percentage value for BY suggests some volalility. |
| Average Directional Index/ADX (14) | 10.19 | NEGATIVE | The low ADX value for BY 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)
28.27
+0.01 (+0.04%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg0.04%
1 Week-0.11%
2 Weeks-2.08%
1 Month-1.57%
3 Month5.52%
6 Month8.02%
12 Month8.07%
2 Year43.43%
3 Year39.6%
5 Year150.62%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.61
ATR(20)%2.53%
ATR Inc-7.3%
Range Today0.63
ADR(20)0.71
ADR(20)%2.52%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS57.34
Mansfield-0.8
10 Day High29.33
10 Day Low28.13
20 Day High29.75
20 Day Low25.96
52 Week High32.89
52 Week Low22.63
CS1 End26.79
CR1 Start28.65
Volume & EV
DER(3)0.17%
DER(5)-0.01%
Volume226.49K
Volume Incr181.28%
Vol(5)481.40K
Vol(50)229.96K