COMMUNITY TRUST BANCORP INC (CTBI) Technical Analysis
NASDAQ:CTBI • US2041491083
Taking everything into account, CTBI scores 4 out of 10 in our technical rating. In the last year, CTBI was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
- CTBI is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
- When compared to the yearly performance of all other stocks, CTBI outperforms 67% of them, which is more or less in line with the market.
- CTBI is an average performer in the Banks industry, it outperforms 55% of 379 stocks in the same industry.
- CTBI is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so CTBI is lagging the market slightly.
Although the technical rating is only medium, CTBI does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 60.14, a Stop Loss order could be placed below this zone.
More info and screens
49.74
We found 4 important support areas.
- Support @56.11 from a horizontal line in the daily time frame.
- Support @54.64 from a trend line in the weekly time frame.
- Support @52.41 from a trend line in the daily time frame.
- A support zone ranging from 50.24 to 51.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 60.03 to 61.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 64.92 to 65.50. 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 CTBI is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CTBI is down. |
| ChartMill Relative Strength | 67.68 | 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 | MIXED | The current price of CTBI is below 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) | 43.18 | NEUTRAL | The RSI value for CTBI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.41 | NEGATIVE | The MACD value suggests CTBI has a negative trend. |
| Stochastics (14,3) | 29.57 | NEUTRAL | The Stochastics value for CTBI is a neutral value. |
| Average True Range in percent/ATR (20) | 2.94 | MEDIUM VOLATILITY | The ATR as a percentage value for CTBI suggests some volalility. |
| Average Directional Index/ADX (14) | 23 | NEUTRAL | The ADX value for CTBI suggests a possible start of a new trend. |
CTBI Technicals: Chart, Performance Metrics, Trend & Indicators
59.72
-0.46 (-0.76%)
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 4 / 10 to CTBI.
Can you provide the trend direction for COMMUNITY TRUST BANCORP INC?
The current trend direction for COMMUNITY TRUST BANCORP INC (CTBI) is Bullish.
Can you provide the RSI signal for COMMUNITY TRUST BANCORP INC?
COMMUNITY TRUST BANCORP INC (CTBI) has an RSI value of 43.1777. 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 negative.
What is the buy/sell signal for COMMUNITY TRUST BANCORP INC (CTBI) stock?
The buy/sell signal for COMMUNITY TRUST BANCORP INC (CTBI) is hold as the short term and long term trends are mixed.