GERMAN AMERICAN BANCORP (GABC) Stock Technical Analysis
NASDAQ:GABC - Nasdaq - US3738651047 - Common Stock - Currency: USD
Overall GABC gets a technical rating of 0 out of 10. GABC scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
When comparing the yearly performance of all stocks, GABC is a bad performer in the overall market: 68% of all stocks are doing better.
GABC is one of the lesser performing stocks in the Banks industry. 69% of 393 stocks in the same industry do better.
In the last month GABC has a been trading in the 36.56 - 41.36 range, which is quite wide. It is currently trading near the lows of this range.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
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.
The technical rating of GABC is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
33.97
42.13
When analyzing the support we can see 2 important areas.
- Support @36.21 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.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 39.74 to 41.71. 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 | NEUTRAL | NEUTRAL | The long term trend for GABC is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for GABC is down. |
| ChartMill Relative Strength | 32.8 | NEUTRAL | GABC is not amongst the best or worst performers 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) | DOWN | NEGATIVE | The current price of GABC is below a declining 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) | 33.05 | NEUTRAL | The RSI value for GABC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.38 | NEGATIVE | The MACD value suggests GABC has a negative trend. |
| Stochastics (14,3) | 32.94 | NEUTRAL | The Stochastics value for GABC is a neutral value. |
| Average True Range in percent/ATR (20) | 3.04 | MEDIUM VOLATILITY | The ATR as a percentage value for GABC suggests some volalility. |
| Average Directional Index/ADX (14) | 32.13 | POSITIVE | The high ADX value value for GABC suggests a strong 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)
37.61
-0.81 (-2.11%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-2.11%
1 Week-5.79%
2 Weeks-7.98%
1 Month-7.61%
3 Month-3.19%
6 Month-9%
12 Month0.19%
2 Year30%
3 Year0.13%
5 Year32.66%
10 Year94.67%
15 Year260.71%
Volatility
ATR(14)1.24
ATR(20)%3.04%
ATR Inc24.96%
Range Today1.58
ADR(20)1.13
ADR(20)%2.99%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS32.8
Mansfield-1.1
10 Day High41.36
10 Day Low36.56
20 Day High41.36
20 Day Low36.56
52 Week High47.08
52 Week Low32.75
CS1 End36.21
CR1 Start39.74
Volume & EV
DER(3)-3.93%
DER(5)-3.65%
Volume130.20K
Volume Incr-41.33%
Vol(5)116.28K
Vol(50)161.55K