COMMUNITY TRUST BANCORP INC (CTBI) Stock Technical Analysis
NASDAQ:CTBI - US2041491083 - Common Stock
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.
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. There is a resistance zone just above the current price starting at 59.24. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 56.07, a Stop Loss order could be placed below this zone.
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When analyzing the support we can see 4 important areas.
- A support zone ranging from 55.14 to 56.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @52.93 from a horizontal line in the daily time frame.
- A support zone ranging from 49.78 to 50.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @47.86 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 59.24 to 59.69. 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 | UP | POSITIVE | The short term trend for CTBI is up. |
| ChartMill Relative Strength | 75.3 | POSITIVE | CTBI has a high relative strength, it outperformed 75.3% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of CTBI is below 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) | DOWN | MIXED | The current price of CTBI is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.31 | NEUTRAL | The RSI value for CTBI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.14 | NEGATIVE | The MACD value suggests CTBI has a negative trend. |
| Stochastics (14,3) | 51 | NEUTRAL | The Stochastics value for CTBI is a neutral value. |
| Average True Range in percent/ATR (20) | 1.85 | LOW VOLATILITY | The low ATR as a percentage value for CTBI suggests low volalility. |
| Average Directional Index/ADX (14) | 27.84 | 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 |
|---|---|---|---|
| 58.27 | 57.29 | 0.98 (1.68%) | 25.00% |
| An entry @58.27. This is a Buy Stop order right above the 10 day moving average. | An exit @57.29. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.98 points, which is 1.68%. | For a 0.42% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of CTBI. Please evaluate whether better entry and exit points can be found.
- 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.
57.45
-0.07 (-0.12%)