COMMUNITY TRUST BANCORP INC (CTBI) Stock Technical Analysis
NASDAQ:CTBI • US2041491083
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.
- The long and short term trends are both positive. This is looking good!
- CTBI is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so CTBI is lagging the market slightly.
- CTBI is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- Looking at the yearly performance, CTBI did better than 74% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
- CTBI is an average performer in the Banks industry, it outperforms 58% of 381 stocks in the same industry.
Besides having an excellent technical rating, CTBI also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
49.74
We found 6 important support areas.
- A support zone ranging from 62.63 to 62.77. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 59.81 to 60.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 56.11 to 56.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @54.07 from a trend line in the weekly time frame.
- Support @53.14 from a horizontal line in the daily time frame.
- A support zone ranging from 50.24 to 50.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 63.92 to 65.49. This zone is formed by a combination of multiple trend lines and important moving averages 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 | UP | POSITIVE | The short term trend for CTBI is up. |
| ChartMill Relative Strength | 74.92 | POSITIVE | CTBI has a high relative strength, it outperformed 74.92% 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) | 58.77 | NEUTRAL | The RSI value for CTBI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests CTBI has a negative trend. |
| Stochastics (14,3) | 62.8 | NEUTRAL | The Stochastics value for CTBI is a neutral value. |
| Average True Range in percent/ATR (20) | 2.91 | MEDIUM VOLATILITY | The ATR as a percentage value for CTBI suggests some volalility. |
| Average Directional Index/ADX (14) | 35.31 | 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 |
|---|---|---|---|
| 65.50 | 62.62 | 2.88 (4.40%) | 22.74% |
| An entry @65.50. This is a Buy Stop order right above the resistance zone. | An exit @62.62. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.88 points, which is 4.40%. | When investing 22.74% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
63.59
-0.12 (-0.19%)
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 8 / 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 58.7693. 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 is the buy/sell signal for COMMUNITY TRUST BANCORP INC (CTBI) stock?
The buy/sell signal for COMMUNITY TRUST BANCORP INC (CTBI) is buy as both the short term and long term trends are positive.