Taking everything into account, GABC scores 4 out of 10 in our technical rating. GABC has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
Although the technical rating is only medium, GABC does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 39.88. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 39.42, a Stop Loss order could be placed below this zone.
More info and screens
36.04
We found 3 important support areas.
- A support zone ranging from 39.03 to 39.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 37.58 to 38.33. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 36.40 to 36.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 39.88 to 40.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Strong resistance @41.11 from a horizontal line in the daily time frame.
- A resistance zone ranging from 41.80 to 41.97. 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 GABC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GABC is up. |
| ChartMill Relative Strength | 27.75 | NEGATIVE | GABC has a low relative strength, it was outperformed by 72.25% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GABC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of GABC is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of GABC is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.21 | NEUTRAL | The RSI value for GABC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests GABC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 77.4 | NEUTRAL | The Stochastics value for GABC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.01 | MEDIUM VOLATILITY | The ATR as a percentage value for GABC suggests some volalility. |
| Average Directional Index/ADX (14) | 12.26 | NEGATIVE | The low ADX value for GABC suggests a weak or negative trend. |
39.68
-0.02 (-0.05%)
GERMAN AMERICAN BANCORP / GABC FAQ
What is the technical rating for GABC stock?
ChartMill assigns a technical rating of 4 / 10 to GABC.
Can you provide the trend direction for GERMAN AMERICAN BANCORP?
The current trend direction for GERMAN AMERICAN BANCORP (GABC) is Bullish.
What is the RSI signal for GERMAN AMERICAN BANCORP (GABC) stock?
GERMAN AMERICAN BANCORP (GABC) has an RSI value of 54.2109. This indicates that the stock is currently neutral.
Can you provide the short term momentum for GERMAN AMERICAN BANCORP?
The short term momentum for GERMAN AMERICAN BANCORP (GABC) is positive.
What is the buy/sell signal for GABC stock?
The buy/sell signal for GERMAN AMERICAN BANCORP (GABC) is buy as both the short term and long term trends are positive.