Taking everything into account, CTBI scores 5 out of 10 in our technical rating. Although CTBI is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
CTBI has an average technical rating and it also does not offer a high quality setup 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.
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48.60
3 important support areas can be observed.
- A support zone ranging from 53.14 to 54.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 50.24 to 52.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @49.09 from a trend line in the weekly time frame.
3 important resistance areas can be observed.
- Resistance @56.11 from a horizontal line in the daily time frame.
- Resistance @57.62 from a horizontal line in the daily time frame.
- A resistance zone ranging from 59.68 to 59.69. This zone is formed by a combination of multiple trend lines in the weekly 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 CTBI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CTBI is up. |
| ChartMill Relative Strength | 32.46 | NEUTRAL | CTBI is not amongst the best or worst performers 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) | DOWN | MIXED | The current price of CTBI is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of CTBI is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 61.33 | NEUTRAL | The RSI value for CTBI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.39 | POSITIVE | The MACD value suggests CTBI has a positive trend. |
| Stochastics (14,3) | 85.63 | OVERBOUGHT | The high Stochastics value suggests CTBI may be overbought. |
| Average True Range in percent/ATR (20) | 1.89 | LOW VOLATILITY | The low ATR as a percentage value for CTBI suggests low volalility. |
| Average Directional Index/ADX (14) | 18.24 | NEGATIVE | The low ADX value for CTBI suggests a weak or negative trend. |
55.84
-0.28 (-0.5%)
COMMUNITY TRUST BANCORP INC / CTBI FAQ
What is the ChartMill technical rating of COMMUNITY TRUST BANCORP INC (CTBI) stock?
ChartMill assigns a technical rating of 5 / 10 to CTBI.
What is the current trend direction of COMMUNITY TRUST BANCORP INC (CTBI) stock?
The current trend direction for COMMUNITY TRUST BANCORP INC (CTBI) is Bullish.
What is the RSI signal for CTBI stock?
COMMUNITY TRUST BANCORP INC (CTBI) has an RSI value of 61.3333. This indicates that the stock is currently neutral.
What is the short term momentum for CTBI stock?
The short term momentum for COMMUNITY TRUST BANCORP INC (CTBI) is positive.
What are the support and resistance levels for COMMUNITY TRUST BANCORP INC (CTBI) stock?
COMMUNITY TRUST BANCORP INC (CTBI) has a support level at 54.45 and a resistance level at 56.11. Check the full technical report for our detailed analysis of CTBI support and resistance levels.