PCB BANCORP (PCB) Stock Technical Analysis
USA - NASDAQ:PCB - US69320M1099 - Common Stock
Taking everything into account, PCB scores 6 out of 10 in our technical rating. Although PCB is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Although the technical rating is only medium, PCB does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 22.36. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 21.18, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- 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.
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18.49
When analyzing the support we can see 5 important areas.
- A support zone ranging from 20.71 to 21.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 20.24 to 20.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 19.84 to 19.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @19.51 from a horizontal line in the daily time frame.
- Support @18.68 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 22.36 to 22.39. 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 PCB is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PCB is up. |
| ChartMill Relative Strength | 59.2 | NEUTRAL | PCB is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PCB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of PCB is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PCB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.71 | NEUTRAL | The RSI value for PCB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.15 | POSITIVE | The MACD value suggests PCB has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 76.64 | NEUTRAL | The Stochastics value for PCB is a neutral value. |
| Average True Range in percent/ATR (20) | 2.67 | MEDIUM VOLATILITY | The ATR as a percentage value for PCB suggests some volalility. |
| Average Directional Index/ADX (14) | 19.58 | NEGATIVE | The low ADX value for PCB suggests a weak or negative 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 |
|---|---|---|---|
| 22.40 | 20.70 | 1.70 (7.59%) | 13.18% |
| An entry @22.40. This is a Buy Stop order right above the resistance zone. | An exit @20.70. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.70 points, which is 7.59%. | For a 1.00% total portfolio risk, you can invest 13.18% 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.
21.57
-0.27 (-1.24%)
PCB BANCORP / PCB FAQ
What is the technical rating for PCB stock?
ChartMill assigns a technical rating of 6 / 10 to PCB.
Can you provide the trend direction for PCB BANCORP?
The current trend direction for PCB BANCORP (PCB) is Bullish.
Can you provide the RSI signal for PCB BANCORP?
PCB BANCORP (PCB) has an RSI value of 57.7134. This indicates that the stock is currently neutral.
What is the MACD signal for PCB stock?
The MACD indicator for PCB BANCORP (PCB) has a value of 0.14704, indicating a bearish trend.
What is the short term momentum for PCB BANCORP (PCB) stock?
The short term momentum for PCB BANCORP (PCB) is positive.