LAKELAND BANCORP INC (LBAI) Stock Technical Analysis
NASDAQ:LBAI - Nasdaq - US5116371007 - Common Stock - Currency: USD
We assign a technical rating of 7 out of 10 to LBAI. LBAI has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
The long and short term trends are both positive. This is looking good!
In the last month LBAI has a been trading in the 10.91 - 13.52 range, which is quite wide. It is currently trading near the high of this range.
When compared to the yearly performance of all other stocks, LBAI outperforms 50% of them, which is more or less in line with the market.
LBAI is an average performer in the Banks industry, it outperforms 50% of 392 stocks in the same industry.
LBAI 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 LBAI is lagging the market slightly.
Although LBAI has an excellent technical rating, the quality of the presented setup is not ideal 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
10.80
15.22
We found 5 important support areas.
- A support zone ranging from 13.02 to 13.08. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 12.18 to 12.23. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 11.63 to 11.69. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @11.44 from a horizontal line in the daily time frame.
- Support @10.91 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @14.45 from a trend line in the weekly time frame.
- Resistance @15.07 from a horizontal line in the weekly time frame.
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 LBAI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for LBAI is up. |
| ChartMill Relative Strength | 50.75 | NEUTRAL | LBAI is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of LBAI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of LBAI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of LBAI is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 65.66 | NEUTRAL | The RSI value for LBAI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests LBAI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 86.7 | OVERBOUGHT | The high Stochastics value suggests LBAI may be overbought. |
| Average True Range in percent/ATR (20) | 3.07 | MEDIUM VOLATILITY | The ATR as a percentage value for LBAI suggests some volalility. |
| Average Directional Index/ADX (14) | 21.76 | NEUTRAL | The ADX value for LBAI 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 13.53 | 13.01 | 0.52 (3.84%) | 25.00% |
| An entry @13.53. This is a Buy Stop order right above the 10 day high. | An exit @13.01. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.52 points, which is 3.84%. | For a 0.96% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
13.43
+0.15 (+1.13%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg1.13%
1 Week2.36%
2 Weeks7.78%
1 Month19.27%
3 Month6.84%
6 Month4.92%
12 Month3.15%
2 Year-13.47%
3 Year-29.35%
5 Year-12.85%
10 Year29.38%
15 Year26.82%
Volatility
ATR(14)0.32
ATR(20)%3.07%
ATR Inc-4.38%
Range Today0.43
ADR(20)0.38
ADR(20)%2.83%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS50.75
Mansfield-0.98
10 Day High13.52
10 Day Low12.5
20 Day High13.52
20 Day Low10.91
52 Week High16
52 Week Low10.65
CS1 End13.08
CR1 Start14.45
Volume & EV
DER(3)1.84%
DER(5)2.57%
Volume1.36M
Volume Incr15.13%
Vol(5)416.48K
Vol(50)399.63K