Taking everything into account, CTBI scores 8 out of 10 in our technical rating. Although CTBI is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Although CTBI has an excellent technical rating, it does not present a decent entry opportunity 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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48.93
When analyzing the support we can see 4 important areas.
- A support zone ranging from 54.89 to 56.11. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 52.54 to 53.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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.
- Support @49.42 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 59.63 to 60.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @61.15 from a horizontal line 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 | UP | POSITIVE | The short term trend for CTBI is up. |
| ChartMill Relative Strength | 60.81 | 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) | 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) | 57.38 | NEUTRAL | The RSI value for CTBI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests CTBI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 76.76 | NEUTRAL | The Stochastics value for CTBI is a neutral value. |
| Average True Range in percent/ATR (20) | 2.12 | MEDIUM VOLATILITY | The ATR as a percentage value for CTBI suggests some volalility. |
| Average Directional Index/ADX (14) | 39.29 | POSITIVE | The high ADX value value for CTBI suggests a strong trend. |
58.73
-2.25 (-3.69%)
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.
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 57.3764. 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 56.11 and a resistance level at 59.63. Check the full technical report for our detailed analysis of CTBI support and resistance levels.