PROSPERITY BANCSHARES INC (PB) Stock Technical Analysis
NYSE:PB - New York Stock Exchange, Inc. - US7436061052 - Common Stock - Currency: USD
Overall PB gets a technical rating of 7 out of 10. In the last year, PB was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
PB is one of the lesser performing stocks in the Banks industry. 66% of 396 stocks in the same industry do better.
Both the short term and long term trends are positive. This is a very positive sign.
In the last month PB has a been trading in the 67.37 - 75.44 range, which is quite wide. It is currently trading near the high of this range.
When comparing the performance of all stocks over the past year, PB turns out to be only a medium performer in the overall market: it outperformed 48% of all stocks.
PB is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so PB is lagging the market.
PB has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
63.12
77.53
4 important support areas can be observed.
- A support zone ranging from 71.09 to 72.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 68.85 to 69.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @67.33 from a trend line in the weekly time frame.
- A support zone ranging from 63.76 to 64.44. 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 72.88 to 74.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @76.76 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 PB is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PB is up. |
| ChartMill Relative Strength | 48.39 | NEUTRAL | PB is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PB is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of PB is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.02 | NEUTRAL | The RSI value for PB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests PB has a negative trend. |
| Stochastics (14,3) | 62.64 | NEUTRAL | The Stochastics value for PB is a neutral value. |
| Average True Range in percent/ATR (20) | 2.03 | MEDIUM VOLATILITY | The ATR as a percentage value for PB suggests some volalility. |
| Average Directional Index/ADX (14) | 22.85 | NEUTRAL | The ADX value for PB 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 |
|---|---|---|---|
| 74.72 | 71.08 | 3.64 (4.87%) | 20.53% |
| An entry @74.72. This is a Buy Stop order right above the resistance zone. | An exit @71.08. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 3.64 points, which is 4.87%. | For a 1.00% total portfolio risk, you can invest 20.53% 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.
72.48
-1.15 (-1.56%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-1.56%
1 Week-2.79%
2 Weeks-1.6%
1 Month6.92%
3 Month7.95%
6 Month-8.54%
12 Month-0.44%
2 Year14.47%
3 Year-2.17%
5 Year30.45%
10 Year32.77%
15 YearN/A
Volatility
ATR(14)1.57
ATR(20)%2.03%
ATR Inc-5.15%
Range Today1.82
ADR(20)1.45
ADR(20)%2%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS48.39
Mansfield-0.88
10 Day High75.44
10 Day Low71.08
20 Day High75.44
20 Day Low67.37
52 Week High86.76
52 Week Low61.57
CS1 End72.43
CR1 Start72.88
Volume & EV
DER(3)0.58%
DER(5)0.6%
Volume867.70K
Volume Incr-20.18%
Vol(5)608.02K
Vol(50)676.83K