PCB BANCORP (PCB) Stock Technical Analysis
NASDAQ:PCB - Nasdaq - US69320M1099 - Common Stock - Currency: USD
We assign a technical rating of 7 out of 10 to PCB. 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.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
PCB is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so PCB is lagging the market slightly.
When comparing the performance of all stocks over the past year, PCB turns out to be only a medium performer in the overall market: it outperformed 54% of all stocks.
PCB is an average performer in the Banks industry, it outperforms 51% of 396 stocks in the same industry.
In the last month PCB has a been trading in the 20.47 - 22.37 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Although PCB has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
14.93
22.58
We found 5 important support areas.
- A support zone ranging from 20.51 to 20.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @19.15 from a horizontal line in the daily time frame.
- Support @18.83 from a horizontal line in the daily time frame.
- Support @17.88 from a trend line in the weekly time frame.
- Support @15.08 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- Resistance @20.92 from a trend line in the daily time frame.
- Resistance @21.99 from a horizontal line in the daily time frame.
- A resistance zone ranging from 22.36 to 22.36. 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 | NEUTRAL | NEUTRAL | The short term trend for PCB is neutral. |
| ChartMill Relative Strength | 54.26 | NEUTRAL | PCB is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of PCB is below the rising 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 | POSITIVE | The current price of PCB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 44.51 | NEUTRAL | The RSI value for PCB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.14 | NEGATIVE | The MACD value suggests PCB has a negative trend. |
| Stochastics (14,3) | 30.03 | NEUTRAL | The Stochastics value for PCB is a neutral value. |
| Average True Range in percent/ATR (20) | 2.16 | MEDIUM VOLATILITY | The ATR as a percentage value for PCB suggests some volalility. |
| Average Directional Index/ADX (14) | 26.43 | POSITIVE | The high ADX value value for PCB suggests a strong 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)
20.77
-0.75 (-3.49%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-3.49%
1 Week-4.02%
2 Weeks-6.15%
1 Month1.47%
3 Month9.32%
6 Month9.84%
12 Month4.9%
2 Year27.27%
3 Year7.78%
5 Year125.76%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.43
ATR(20)%2.16%
ATR Inc28.51%
Range Today0.67
ADR(20)0.41
ADR(20)%1.97%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS54.26
Mansfield-0.25
10 Day High22.03
10 Day Low20.74
20 Day High22.37
20 Day Low20.47
52 Week High22.37
52 Week Low16
CS1 End20.76
CR1 Start20.92
Volume & EV
DER(3)-0.86%
DER(5)0.09%
Volume13.30K
Volume Incr-33.84%
Vol(5)19.92K
Vol(50)32.60K