PCB BANCORP (PCB) Stock Technical Analysis
NASDAQ:PCB - Nasdaq - US69320M1099 - Common Stock - Currency: USD
Taking everything into account, PCB scores 5 out of 10 in our technical rating. In the last year, PCB was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.
In the last month PCB has a been trading in the 19.28 - 20.97 range, which is quite wide. It is currently trading near the lows of this range.
PCB is one of the better performing stocks in the Banks industry, it outperforms 70% of 395 stocks in the same industry.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
Looking at the yearly performance, PCB did better than 83% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
PCB is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so PCB is lagging the market slightly.
PCB 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. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 19.27, a Stop Loss order could be placed below this zone.
More info and screens
14.93
21.83
When analyzing the support we can see 4 important areas.
- A support zone ranging from 19.11 to 19.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @17.46 from a trend line in the weekly time frame.
- A support zone ranging from 16.80 to 17.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @15.08 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 20.55 to 20.75. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 21.44 to 21.61. 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 | DOWN | NEGATIVE | The short term trend for PCB is down. |
| ChartMill Relative Strength | 83.09 | POSITIVE | PCB has a high relative strength, it outperformed 83.09% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PCB is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PCB is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of PCB is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 45.51 | NEUTRAL | The RSI value for PCB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.17 | NEGATIVE | The MACD value suggests PCB has a negative trend. |
| Stochastics (14,3) | 7.19 | OVERSOLD | The low Stochastics value suggests PCB may be oversold. |
| Average True Range in percent/ATR (20) | 2.96 | MEDIUM VOLATILITY | The ATR as a percentage value for PCB suggests some volalility. |
| Average Directional Index/ADX (14) | 24.46 | NEUTRAL | The ADX value for PCB 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)
19.34
-0.09 (-0.46%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-0.46%
1 Week-2.32%
2 Weeks-7.29%
1 Month-0.9%
3 Month-1.58%
6 Month-10%
12 Month27.07%
2 Year37.26%
3 Year-3.44%
5 Year114.41%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.58
ATR(20)%2.96%
ATR Inc-66.51%
Range Today0.21
ADR(20)0.56
ADR(20)%2.9%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS83.09
Mansfield-0.03
10 Day High20.97
10 Day Low19.28
20 Day High20.97
20 Day Low19.28
52 Week High22.2
52 Week Low14.5
CS1 End19.27
CR1 Start20.55
Volume & EV
DER(3)0.02%
DER(5)2.61%
Volume22.80K
Volume Incr-44.21%
Vol(5)27.26K
Vol(50)40.43K