GERMAN AMERICAN BANCORP (GABC) Stock Technical Analysis
NASDAQ:GABC - Nasdaq - US3738651047 - Common Stock - Currency: USD
Overall GABC gets a technical rating of 2 out of 10. GABC has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
In the last month GABC has a been trading in the 36.97 - 40.20 range, which is quite wide. It is currently trading near the lows of this range.
When comparing the yearly performance of all stocks, we notice that GABC is one of the better performing stocks in the market, outperforming 71% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
GABC is part of the Banks industry. There are 396 other stocks in this industry, GABC did better than 46% of them.
GABC is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so GABC is lagging the market slightly.
GABC has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 38.70. Right above this resistance zone may be a good entry point.
More info and screens
33.97
40.65
We found 2 important support areas.
- Support @35.33 from a trend line in the weekly time frame.
- A support zone ranging from 34.31 to 34.44. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 38.70 to 40.25. This zone is formed by a combination of multiple trend lines and important moving averages 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 GABC is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for GABC is neutral. |
| ChartMill Relative Strength | 71.84 | POSITIVE | GABC has a high relative strength, it outperformed 71.84% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of GABC is below a declining 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) | DOWN | NEGATIVE | The current price of GABC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.48 | NEUTRAL | The RSI value for GABC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.17 | NEGATIVE | The MACD value suggests GABC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 28.08 | NEUTRAL | The Stochastics value for GABC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.26 | MEDIUM VOLATILITY | The ATR as a percentage value for GABC suggests some volalility. |
| Average Directional Index/ADX (14) | 21.72 | NEUTRAL | The ADX value for GABC suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
38.25
+0.67 (+1.78%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg1.78%
1 Week0.09%
2 Weeks0.66%
1 Month-2.15%
3 Month-1.67%
6 Month-15.08%
12 Month19.53%
2 Year40.73%
3 Year11.91%
5 Year22.99%
10 Year94.82%
15 Year275%
Volatility
ATR(14)0.92
ATR(20)%2.26%
ATR Inc19.63%
Range Today1.06
ADR(20)0.82
ADR(20)%2.14%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS71.84
Mansfield-0.67
10 Day High39.05
10 Day Low36.97
20 Day High40.2
20 Day Low36.97
52 Week High47.08
52 Week Low31.06
CS1 End35.33
CR1 Start38.7
Volume & EV
DER(3)-0.26%
DER(5)0.24%
Volume108.00K
Volume Incr6.59%
Vol(5)108.12K
Vol(50)111.31K