OHIO VALLEY BANC CORP (OVBC) Stock Technical Analysis
NASDAQ:OVBC • US6777191064
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 11008 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 82% 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 379 other stocks in this industry. OVBC outperforms 82% of them.
- OVBC is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month OVBC has a been trading in the 40.77 - 44.66 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days.
Besides having an excellent technical rating, OVBC also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 44.07. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for OVBC in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- 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
34.41
We found 3 important support areas.
- A support zone ranging from 39.21 to 39.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @38.50 from a horizontal line in the daily time frame.
- Support @34.76 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- 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.
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 | 82.32 | POSITIVE | OVBC has a high relative strength, it outperformed 82.32% 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) | 69.49 | NEUTRAL | The RSI value for OVBC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests OVBC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 67.11 | NEUTRAL | The Stochastics value for OVBC is a neutral value. |
| Average True Range in percent/ATR (20) | 1.73 | LOW VOLATILITY | The low ATR as a percentage value for OVBC suggests low volalility. |
| Average Directional Index/ADX (14) | 32.25 | POSITIVE | The high ADX value value for OVBC suggests a strong trend. |
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 |
|---|---|---|---|
| 44.08 | 42.29 | 1.79 (4.06%) | 24.63% |
| An entry @44.08. This is a Buy Stop order right above the resistance zone. | An exit @42.29. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.79 points, which is 4.06%. | When investing 24.63% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
43.9
+0.39 (+0.9%)
OHIO VALLEY BANC CORP / OVBC FAQ
Can you provide the ChartMill technical rating for OHIO VALLEY BANC CORP?
ChartMill assigns a technical rating of 10 / 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 69.4873. 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 0.0397986, 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 positive.