PROSPERITY BANCSHARES INC (PB) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:PB - US7436061052 - Common Stock
Overall PB gets a technical rating of 4 out of 10. In the past year, PB was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
PB has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 67.06, a Stop Loss order could be placed below this zone.
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61.27
We found 3 important support areas.
- A support zone ranging from 65.65 to 67.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 62.98 to 63.76. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @61.89 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
- Resistance @72.48 from a trend line in the daily time frame.
- A resistance zone ranging from 73.86 to 74.71. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The long term trend for PB is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PB is up. |
| ChartMill Relative Strength | 26.23 | NEGATIVE | PB has a low relative strength, it was outperformed by 73.77% off all stocks 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) | DOWN | NEGATIVE | The current price of PB is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 61.23 | NEUTRAL | The RSI value for PB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.28 | POSITIVE | The MACD value suggests PB has a positive trend. |
| Stochastics (14,3) | 85.91 | OVERBOUGHT | The high Stochastics value suggests PB may be overbought. |
| Average True Range in percent/ATR (20) | 2.16 | MEDIUM VOLATILITY | The ATR as a percentage value for PB suggests some volalility. |
| Average Directional Index/ADX (14) | 15.03 | NEGATIVE | The low ADX value for PB suggests a weak or negative trend. |
68.84
-0.55 (-0.79%)
PROSPERITY BANCSHARES INC / PB FAQ
Can you provide the ChartMill technical rating for PROSPERITY BANCSHARES INC?
ChartMill assigns a technical rating of 4 / 10 to PB.
What is the current trend direction of PROSPERITY BANCSHARES INC (PB) stock?
The current trend direction for PROSPERITY BANCSHARES INC (PB) is Bearish.
What is the RSI signal for PB stock?
PROSPERITY BANCSHARES INC (PB) has an RSI value of 61.2335. This indicates that the stock is currently neutral.
What is the MACD signal for PB stock?
The MACD indicator for PROSPERITY BANCSHARES INC (PB) has a value of 0.279749, indicating a bearish trend.
Can you provide the support and resistance levels for PROSPERITY BANCSHARES INC?
PROSPERITY BANCSHARES INC (PB) has a support level at 67.06 and a resistance level at 72.48. Check the full technical report for our detailed analysis of PB support and resistance levels.