OHIO VALLEY BANC CORP (OVBC) Technical Analysis
NASDAQ:OVBC • US6777191064
Current stock price
OVBC Technical Rating and Analysis
We assign a technical rating of 6 out of 10 to OVBC. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- In the last month OVBC has a been trading in the 39.75 - 44.80 range, which is quite wide. It is currently trading near the lows of this range.
- Warning: OVBC has an average volume of 10864 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- Looking at the yearly performance, OVBC did better than 82% of all other stocks.
- OVBC is one of the better performing stocks in the Banks industry, it outperforms 88% of 381 stocks in the same industry.
- OVBC is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so OVBC is performing more or less in line with the market.
- The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
OVBC Weekly and Daily overview Charts
OVBC Setup Rating and Analysis
Although the technical rating is only medium, OVBC does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 40.62, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for OVBC in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
OVBC Support and Resistance Analysis
34.30
We found 3 important support areas.
- A support zone ranging from 40.49 to 40.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @39.23 from a trend line in the daily time frame.
- A support zone ranging from 34.65 to 34.76. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 41.22 to 42.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 44.07 to 44.07. This zone is formed by a combination of multiple trend lines in multiple time frames.
OVBC Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The short term trend for OVBC is down. |
| ChartMill Relative Strength | 82.91 | POSITIVE | OVBC has a high relative strength, it outperformed 82.91% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of OVBC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of OVBC is below 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) | 37.45 | NEUTRAL | The RSI value for OVBC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.26 | NEGATIVE | The MACD value suggests OVBC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 25.29 | NEUTRAL | The Stochastics value for OVBC is a neutral value. |
| Average True Range in percent/ATR (20) | 3.04 | MEDIUM VOLATILITY | The ATR as a percentage value for OVBC suggests some volalility. |
| Average Directional Index/ADX (14) | 15.44 | NEGATIVE | The low ADX value for OVBC suggests a weak or negative trend. |
OVBC Chart- and CandleStick Pattern Analysis
OVBC Example Setup
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 |
|---|---|---|---|
| 42.34 | 40.48 | 1.86 (4.39%) | 22.76% |
| An entry @42.34. This is a Buy Stop order right above the resistance zone. | An exit @40.48. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.86 points, which is 4.39%. | When investing 22.76% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of OVBC. Please evaluate whether better entry and exit points can be found.
- 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.
OVBC Technicals: Chart, Performance Metrics, Trend & Indicators
40.63
-0.48 (-1.17%)
OHIO VALLEY BANC CORP / OVBC TA FAQ
Can you provide the ChartMill technical rating for OHIO VALLEY BANC CORP?
ChartMill assigns a technical rating of 6 / 10 to OVBC.
What is the current trend direction of OHIO VALLEY BANC CORP (OVBC) stock?
The current trend direction for OHIO VALLEY BANC CORP (OVBC) is Bullish.
What is the RSI signal for OHIO VALLEY BANC CORP (OVBC) stock?
OHIO VALLEY BANC CORP (OVBC) has an RSI value of 37.4546. This indicates that the stock is currently neutral.
Can you provide the MACD signal for OHIO VALLEY BANC CORP?
The MACD indicator for OHIO VALLEY BANC CORP (OVBC) has a value of -0.260546, indicating a bearish trend.
Can you provide the short term momentum for OHIO VALLEY BANC CORP?
The short term momentum for OHIO VALLEY BANC CORP (OVBC) is negative.