OHIO VALLEY BANC CORP (OVBC) Stock Technical Analysis
NASDAQ:OVBC - US6777191064 - Common Stock
36.29 USD
+0.54 (+1.51%)
37.5 USD
+1.21 (+3.33%)
Overall OVBC gets a technical rating of 10 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, OVBC is showing a nice and steady performance.
Warning: OVBC has an average volume of 18224 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, OVBC did better than 84% of all other stocks. On top of that, OVBC also shows a nice and consistent pattern of rising prices.
OVBC is part of the Banks industry. There are 393 other stocks in this industry. OVBC outperforms 89% of them.
OVBC is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so OVBC is lagging the market slightly.
In the last month OVBC has a been trading in the 31.61 - 36.87 range, which is quite wide. It is currently trading near the high of this range.
Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, OVBC also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
24.44
39.30
When analyzing the support we can see 4 important areas.
- A support zone ranging from 33.20 to 33.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @32.46 from a trend line in the weekly time frame.
- A support zone ranging from 31.41 to 31.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @24.69 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- Resistance @38.91 from a horizontal line in the daily 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 OVBC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for OVBC is up. |
| ChartMill Relative Strength | 84.52 | POSITIVE | OVBC has a high relative strength, it outperformed 84.52% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of OVBC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of OVBC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of OVBC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 62.48 | NEUTRAL | The RSI value for OVBC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests OVBC has a positive trend. |
| Stochastics (14,3) | 84.73 | OVERBOUGHT | The high Stochastics value suggests OVBC may be overbought. |
| Average True Range in percent/ATR (20) | 2.78 | MEDIUM VOLATILITY | The ATR as a percentage value for OVBC suggests some volalility. |
| Average Directional Index/ADX (14) | 19.8 | NEGATIVE | The low ADX value for OVBC suggests a weak or negative 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 |
|---|---|---|---|
| 36.88 | 34.60 | 2.28 (6.18%) | 16.18% |
| An entry @36.88. This is a Buy Stop order right above the 10 day high. | An exit @34.60. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 2.28 points, which is 6.18%. | For a 1.00% total portfolio risk, you can invest 16.18% 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.
36.29
+0.54 (+1.51%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg1.51%
1 Week4.52%
2 Weeks5.93%
1 Month5.96%
3 Month4.73%
6 Month35.21%
12 Month48.18%
2 Year49.65%
3 Year24.03%
5 Year59.17%
10 Year56.09%
15 Year83.38%
Volatility
ATR(14)1
ATR(20)%2.78%
ATR Inc-30.09%
Range Today0.88
ADR(20)0.94
ADR(20)%2.6%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.52
Mansfield1.5
10 Day High36.87
10 Day Low34.61
20 Day High36.87
20 Day Low31.61
52 Week High40.99
52 Week Low21.86
CS1 End33.66
CR1 Start38.91
Volume & EV
DER(3)-1.1%
DER(5)2.38%
Volume22.60K
Volume Incr11.97%
Vol(5)9.26K
Vol(50)18.22K