CIVISTA BANCSHARES INC (CIVB) Stock Technical Analysis
USA - NASDAQ:CIVB - US1788671071 - Common Stock
We assign a technical rating of 7 out of 10 to CIVB. In the last year, CIVB was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
Besides having an excellent technical rating, CIVB also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 21.74, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for CIVB in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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18.65
We found 4 important support areas.
- A support zone ranging from 21.02 to 21.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 19.98 to 20.32. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 19.28 to 19.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 18.84 to 18.97. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- Resistance @21.94 from a trend line in the daily time frame.
- A resistance zone ranging from 25.08 to 25.08. 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 CIVB is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CIVB is up. |
| ChartMill Relative Strength | 54.01 | NEUTRAL | CIVB is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CIVB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CIVB is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CIVB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.44 | NEUTRAL | The RSI value for CIVB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests CIVB has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 65.07 | NEUTRAL | The Stochastics value for CIVB is a neutral value. |
| Average True Range in percent/ATR (20) | 2.96 | MEDIUM VOLATILITY | The ATR as a percentage value for CIVB suggests some volalility. |
| Average Directional Index/ADX (14) | 18.08 | NEGATIVE | The low ADX value for CIVB suggests a weak or negative 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 |
|---|---|---|---|
| 21.95 | 21.18 | 0.77 (3.51%) | 25.00% |
| An entry @21.95. This is a Buy Stop order right above the resistance zone. | An exit @21.18. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.77 points, which is 3.51%. | For a 0.88% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of CIVB. 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.
21.84
-0.14 (-0.64%)
CIVISTA BANCSHARES INC / CIVB FAQ
What is the ChartMill technical rating of CIVISTA BANCSHARES INC (CIVB) stock?
ChartMill assigns a technical rating of 7 / 10 to CIVB.
What is the current trend direction of CIVISTA BANCSHARES INC (CIVB) stock?
The current trend direction for CIVISTA BANCSHARES INC (CIVB) is Bullish.
Can you provide the RSI signal for CIVISTA BANCSHARES INC?
CIVISTA BANCSHARES INC (CIVB) has an RSI value of 57.4365. This indicates that the stock is currently neutral.
What is the MACD signal for CIVB stock?
The MACD indicator for CIVISTA BANCSHARES INC (CIVB) has a value of 0.0208276, indicating a bearish trend.
What is the support and resistance level for CIVB stock?
CIVISTA BANCSHARES INC (CIVB) has a support level at 21.74 and a resistance level at 21.94. Check the full technical report for our detailed analysis of CIVB support and resistance levels.