GERMAN AMERICAN BANCORP (GABC) Technical Analysis
NASDAQ:GABC • US3738651047
We assign a technical rating of 3 out of 10 to GABC. In the last year, GABC was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.
- GABC is part of the Banks industry. There are 379 other stocks in this industry, of which 67% are performing better than GABC.
- In the last month GABC has a been trading in the 40.30 - 45.00 range, which is quite wide. It is currently trading near the lows of this range.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- When compared to the yearly performance of all other stocks, GABC outperforms 50% of them, which is more or less in line with the market.
- GABC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so GABC is lagging the market.
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
36.51
We found 3 important support areas.
- A support zone ranging from 39.82 to 40.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 38.54 to 38.92. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 36.88 to 37.58. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 41.39 to 42.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 44.38 to 44.38. 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 | 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 | 50.65 | 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) | UP | MIXED | The current price of GABC is below 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) | 40.35 | NEUTRAL | The RSI value for GABC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.32 | NEGATIVE | The MACD value suggests GABC has a negative trend. |
| Stochastics (14,3) | 22.31 | NEUTRAL | The Stochastics value for GABC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.6 | MEDIUM VOLATILITY | The ATR as a percentage value for GABC suggests some volalility. |
| Average Directional Index/ADX (14) | 13.37 | NEGATIVE | The low ADX value for GABC suggests a weak or negative trend. |
GABC Technicals: Chart, Performance Metrics, Trend & Indicators
40.81
-0.76 (-1.83%)
GERMAN AMERICAN BANCORP / GABC FAQ
What is the technical rating for GABC stock?
ChartMill assigns a technical rating of 3 / 10 to GABC.
What is the current trend direction of GERMAN AMERICAN BANCORP (GABC) stock?
The current trend direction for GERMAN AMERICAN BANCORP (GABC) is Bearish.
What is the RSI signal for GABC stock?
GERMAN AMERICAN BANCORP (GABC) has an RSI value of 40.3502. This indicates that the stock is currently neutral.
What is the short term momentum for GABC stock?
The short term momentum for GERMAN AMERICAN BANCORP (GABC) is negative.
What are the support and resistance levels for GERMAN AMERICAN BANCORP (GABC) stock?
GERMAN AMERICAN BANCORP (GABC) has a support level at 40.02 and a resistance level at 41.39. Check the full technical report for our detailed analysis of GABC support and resistance levels.