COMMUNITY TRUST BANCORP INC (CTBI) Stock Technical Analysis
NASDAQ:CTBI - Nasdaq - US2041491083 - Common Stock - Currency: USD
We assign a technical rating of 4 out of 10 to CTBI. CTBI 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.
In the last month CTBI has a been trading in the 52.60 - 57.96 range, which is quite wide. It is currently trading near the lows of this range.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
When compared to the yearly performance of all other stocks, CTBI outperforms 66% of them, which is more or less in line with the market.
CTBI is part of the Banks industry. There are 392 other stocks in this industry, CTBI did better than 67% of them.
CTBI is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CTBI is lagging the market.
CTBI has an average technical rating and the quality of the presented setup is also 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.
More info and screens
45.17
57.45
When analyzing the support we can see 3 important areas.
- A support zone ranging from 53.11 to 53.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @48.11 from a trend line in the weekly time frame.
- A support zone ranging from 45.63 to 45.63. 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 56.78 to 56.88. This zone is formed by a combination of multiple trend lines 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 CTBI is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CTBI is down. |
| ChartMill Relative Strength | 66.27 | NEUTRAL | CTBI is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CTBI is below a declining 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) | 44.71 | NEUTRAL | The RSI value for CTBI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.4 | NEGATIVE | The MACD value suggests CTBI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 12.2 | OVERSOLD | The low Stochastics value suggests CTBI may be oversold. |
| Average True Range in percent/ATR (20) | 2.24 | MEDIUM VOLATILITY | The ATR as a percentage value for CTBI suggests some volalility. |
| Average Directional Index/ADX (14) | 22.71 | NEUTRAL | The ADX value for CTBI suggests a possible start of a new 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)
53.54
+0.42 (+0.79%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg0.79%
1 Week0.81%
2 Weeks-3.93%
1 Month-1.92%
3 Month4.96%
6 Month-3.48%
12 Month17.64%
2 Year50.82%
3 Year26.72%
5 Year65.91%
10 Year52.54%
15 Year102.88%
Volatility
ATR(14)1.03
ATR(20)%2.24%
ATR Inc-39.7%
Range Today0.74
ADR(20)1.15
ADR(20)%2.14%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS66.27
Mansfield-0.61
10 Day High56.33
10 Day Low52.6
20 Day High57.96
20 Day Low52.6
52 Week High61.67
52 Week Low44.6
CS1 End53.54
CR1 Start56.78
Volume & EV
DER(3)-1.11%
DER(5)-0.19%
Volume42.71K
Volume Incr-5.4%
Vol(5)51.98K
Vol(50)58.67K