Overall CTBI gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, CTBI is only an average performer.
Although CTBI has an excellent technical rating, the quality of the presented setup is not ideal 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.
49.70
We found 5 important support areas.
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 CTBI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CTBI is up. |
| ChartMill Relative Strength | 79.69 | POSITIVE | CTBI has a high relative strength, it outperformed 79.69% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CTBI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CTBI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CTBI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 69.02 | NEUTRAL | The RSI value for CTBI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.34 | POSITIVE | The MACD value suggests CTBI has a positive trend. |
| Stochastics (14,3) | 85.34 | OVERBOUGHT | The high Stochastics value suggests CTBI may be overbought. |
| Average True Range in percent/ATR (20) | 2.79 | MEDIUM VOLATILITY | The ATR as a percentage value for CTBI suggests some volalility. |
| Average Directional Index/ADX (14) | 37.19 | POSITIVE | The high ADX value value for CTBI 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 |
|---|---|---|---|
| 65.71 | 61.24 | 4.46 (6.80%) | 14.72% |
| An entry @65.70. This is a Buy Stop order right above the 10 day high. | An exit @61.24. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 4.46 points, which is 6.80%. | For a 1.00% total portfolio risk, you can invest 14.72% of your capital in this trade. |
65.49
+1.32 (+2.06%)
ChartMill assigns a technical rating of 8 / 10 to CTBI.
The current trend direction for COMMUNITY TRUST BANCORP INC (CTBI) is Bullish.
COMMUNITY TRUST BANCORP INC (CTBI) has an RSI value of 69.0224. This indicates that the stock is currently neutral.
The short term momentum for COMMUNITY TRUST BANCORP INC (CTBI) is positive.
The buy/sell signal for COMMUNITY TRUST BANCORP INC (CTBI) is buy as both the short term and long term trends are positive.