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.
In the last month PCB has a been trading in the 20.61 - 22.37 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
When compared to the yearly performance of all other stocks, PCB outperforms 61% of them, which is more or less in line with the market.
PCB is an average performer in the Banks industry, it outperforms 64% of 393 stocks in the same industry.
Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, PCB also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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.
More info and screens
14.93
22.58
When analyzing the support we can see 5 important areas.
- Support @20.98 from a trend line in the daily time frame.
- A support zone ranging from 19.15 to 19.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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 2 important areas.
- 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 | 61.94 | 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) | 52.98 | NEUTRAL | The RSI value for PCB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.13 | NEGATIVE | The MACD value suggests PCB has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 29.51 | NEUTRAL | The Stochastics value for PCB is a neutral value. |
| Average True Range in percent/ATR (20) | 2.2 | MEDIUM VOLATILITY | The ATR as a percentage value for PCB suggests some volalility. |
| Average Directional Index/ADX (14) | 24.92 | 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)
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 |
|---|---|---|---|
| 22.00 | 20.97 | 1.03 (4.68%) | 21.36% |
| An entry @22.00. This is a Buy Stop order right above the resistance zone. | An exit @20.97. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.03 points, which is 4.68%. | When investing 21.36% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
21.42
+0.65 (+3.13%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg3.13%
1 Week-0.6%
2 Weeks-1.47%
1 Month2.88%
3 Month12.74%
6 Month13.27%
12 Month8.18%
2 Year31.25%
3 Year11.16%
5 Year132.83%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.47
ATR(20)%2.2%
ATR Inc108.99%
Range Today0.52
ADR(20)0.41
ADR(20)%1.93%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS61.94
Mansfield0.01
10 Day High22.03
10 Day Low20.74
20 Day High22.37
20 Day Low20.61
52 Week High22.37
52 Week Low16
CS1 End20.98
CR1 Start21.99
Volume & EV
DER(3)-2.18%
DER(5)-0.75%
Volume19.20K
Volume Incr-40.44%
Vol(5)18.16K
Vol(50)31.83K