GERMAN AMERICAN BANCORP (GABC) Technical Analysis
NASDAQ:GABC • US3738651047
Current stock price
GABC Technical Rating and Analysis
Overall GABC gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, GABC is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, GABC did better than 71% of all other stocks. We also observe that the gains produced by GABC over the past year are nicely spread over this period.
- GABC is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so GABC is leading the market.
- In the last month GABC has a been trading in the 38.74 - 44.21 range, which is quite wide. It is currently trading near the high of this range.
- GABC is an average performer in the Banks industry, it outperforms 44% of 380 stocks in the same industry.
GABC Weekly and Daily overview Charts
GABC Setup Rating and Analysis
Although GABC has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
GABC Support and Resistance Analysis
36.51
We found 6 important support areas.
- A support zone ranging from 44.38 to 44.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 41.21 to 42.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @40.39 from a trend line in the weekly time frame.
- A support zone ranging from 39.30 to 39.47. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @38.54 from a horizontal line in the daily time frame.
- A support zone ranging from 36.88 to 37.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
GABC Technical Indicator Signal Analysis
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 | 71.75 | POSITIVE | GABC has a high relative strength, it outperformed 71.75% 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) | UP | POSITIVE | The current price of GABC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GABC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 69.81 | NEUTRAL | The RSI value for GABC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.36 | POSITIVE | The MACD value suggests GABC has a positive trend. |
| Stochastics (14,3) | 96.36 | OVERBOUGHT | The high Stochastics value suggests GABC may be overbought. |
| Average True Range in percent/ATR (20) | 2.07 | MEDIUM VOLATILITY | The ATR as a percentage value for GABC suggests some volalility. |
| Average Directional Index/ADX (14) | 18.91 | NEGATIVE | The low ADX value for GABC suggests a weak or negative trend. |
GABC Chart- and CandleStick Pattern Analysis
GABC Technicals: Chart, Performance Metrics, Trend & Indicators
44.43
+0.53 (+1.21%)
GERMAN AMERICAN BANCORP / GABC TA FAQ
What is the technical rating for GABC stock?
ChartMill assigns a technical rating of 9 / 10 to GABC.
What is the trend direction for GABC stock?
The current trend direction for GERMAN AMERICAN BANCORP (GABC) is Bullish.
Can you provide the RSI signal for GERMAN AMERICAN BANCORP?
GERMAN AMERICAN BANCORP (GABC) has an RSI value of 69.8059. This indicates that the stock is currently neutral.
Can you provide the MACD signal for GERMAN AMERICAN BANCORP?
The MACD indicator for GERMAN AMERICAN BANCORP (GABC) has a value of 0.355972, indicating a bearish trend.
Can you provide the buy/sell signal for GERMAN AMERICAN BANCORP?
The buy/sell signal for GERMAN AMERICAN BANCORP (GABC) is buy as both the short term and long term trends are positive.