COMMUNITY TRUST BANCORP INC (CTBI) Stock Technical Analysis
USA - NASDAQ:CTBI - US2041491083 - Common Stock
Overall CTBI gets a technical rating of 0 out of 10. CTBI scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
CTBI has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced.
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48.26
3 important support areas can be observed.
- Support @51.56 from a trend line in the daily time frame.
- Support @50.65 from a horizontal line in the daily time frame.
- Support @48.75 from a trend line in the weekly time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 52.06 to 52.93. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 53.82 to 54.17. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 55.28 to 56.11. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 58.65 to 59.68. 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 | DOWN | NEGATIVE | The long term trend for CTBI is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CTBI is down. |
| ChartMill Relative Strength | 26.31 | NEGATIVE | CTBI has a low relative strength, it was outperformed by 73.69% off all stocks 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) | DOWN | NEGATIVE | The current price of CTBI is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CTBI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 42.23 | NEUTRAL | The RSI value for CTBI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests CTBI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 28.93 | NEUTRAL | The Stochastics value for CTBI is a neutral value. |
| Average True Range in percent/ATR (20) | 2.64 | MEDIUM VOLATILITY | The ATR as a percentage value for CTBI suggests some volalility. |
| Average Directional Index/ADX (14) | 18.15 | NEGATIVE | The low ADX value for CTBI suggests a weak or negative trend. |
51.83
+0.15 (+0.29%)
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 0 / 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 Bearish.
What is the RSI signal for CTBI stock?
COMMUNITY TRUST BANCORP INC (CTBI) has an RSI value of 42.2319. 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 are the support and resistance levels for COMMUNITY TRUST BANCORP INC (CTBI) stock?
COMMUNITY TRUST BANCORP INC (CTBI) has a support level at 51.56 and a resistance level at 52.06. Check the full technical report for our detailed analysis of CTBI support and resistance levels.