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 3 out of 10. PB has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
PB is one of the lesser performing stocks in the Banks industry. 65% of 395 stocks in the same industry do better.
In the last month PB has a been trading in the 66.91 - 71.42 range, which is quite wide. It is currently trading near the high of this range.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
When compared to the yearly performance of all other stocks, PB outperforms 58% of them, which is more or less in line with the market.
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 a poor technical rating and the quality of the setup is also not perfect 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
63.12
83.82
We found 3 important support areas.
- A support zone ranging from 67.76 to 69.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @66.60 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.
3 important resistance areas can be observed.
- Resistance @70.54 from a trend line in the daily time frame.
- A resistance zone ranging from 72.16 to 74.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @82.99 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 | NEUTRAL | NEUTRAL | The long term trend for PB is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PB is neutral. |
| ChartMill Relative Strength | 58.49 | NEUTRAL | PB is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of PB is above a declining 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) | DOWN | NEGATIVE | The current price of PB is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.82 | NEUTRAL | The RSI value for PB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.19 | POSITIVE | The MACD value suggests PB has a positive trend. |
| Stochastics (14,3) | 68.81 | NEUTRAL | The Stochastics value for PB is a neutral value. |
| Average True Range in percent/ATR (20) | 1.75 | LOW VOLATILITY | The low ATR as a percentage value for PB suggests low volalility. |
| Average Directional Index/ADX (14) | 14.47 | NEGATIVE | The low ADX value for PB 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)
70.12
-0.66 (-0.93%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-0.93%
1 Week3.44%
2 Weeks0.63%
1 Month0%
3 Month-0.57%
6 Month-7.04%
12 Month14.69%
2 Year24.15%
3 Year2.71%
5 Year18.09%
10 Year21.44%
15 YearN/A
Volatility
ATR(14)1.26
ATR(20)%1.75%
ATR Inc30.62%
Range Today1.34
ADR(20)1.1
ADR(20)%1.57%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS58.49
Mansfield-0.99
10 Day High71.21
10 Day Low66.91
20 Day High71.42
20 Day Low66.91
52 Week High86.76
52 Week Low58.66
CS1 End69.78
CR1 Start70.54
Volume & EV
DER(3)1.84%
DER(5)1.58%
Volume1.20M
Volume Incr41%
Vol(5)868.70K
Vol(50)686.85K