Pacific Mercantile (PMBC) Stock Technical Analysis
NASDAQ:PMBC - Nasdaq -
We assign a technical rating of 10 out of 10 to PMBC. Both in the recent history as in the last year, PMBC has proven to be a steady performer, scoring decent points in every aspect analyzed.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
When comparing the yearly performance of all stocks, we notice that PMBC is one of the better performing stocks in the market, outperforming 92% of all stocks. We also observe that the gains produced by PMBC over the past year are nicely spread over this period.
PMBC is one of the better performing stocks in the Banks industry, it outperforms 95% of 396 stocks in the same industry.
PMBC is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so PMBC is performing more or less in line with the market.
In the last month PMBC has a been trading in the 8.64 - 10.20 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although PMBC has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
8.25
9.49
3 important support areas can be observed.
- A support zone ranging from 9.08 to 9.17. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 8.58 to 8.68. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 8.33 to 8.37. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The long term trend for PMBC is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PMBC is neutral. |
| ChartMill Relative Strength | 92.56 | POSITIVE | PMBC has a high relative strength, it outperformed 92.56% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of PMBC is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PMBC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PMBC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.89 | NEUTRAL | The RSI value for PMBC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests PMBC has a negative trend. |
| Stochastics (14,3) | 42.1 | NEUTRAL | The Stochastics value for PMBC is a neutral value. |
| Average True Range in percent/ATR (20) | 3.5 | MEDIUM VOLATILITY | The ATR as a percentage value for PMBC suggests some volalility. |
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)
NASDAQ:PMBC (10/18/2021, 8:12:58 PM)
9.4
-0.11 (-1.16%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-1.16%
1 Week-6.37%
2 Weeks-3.49%
1 Month8.05%
3 Month8.67%
6 Month9.05%
12 Month151.34%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.34
ATR(20)%3.5%
ATR Inc24.67%
Range Today0.39
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.56
Mansfield1.38
10 Day High10.2
10 Day Low9.26
20 Day High10.2
20 Day Low8.64
52 Week High10.2
52 Week Low3.6
CS1 End9.17
CR1 StartN/A
Volume & EV
DER(3)-4.28%
DER(5)1.75%
Volume149.50K
Volume Incr133.94%
Vol(5)109.66K
Vol(50)50.97K