PROVIDENT BANCORP INC (PVBC) Stock Technical Analysis
USA - NASDAQ:PVBC - US74383L1052 - Common Stock
We assign a technical rating of 8 out of 10 to PVBC. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, PVBC is showing a nice and steady performance.
Besides having an excellent technical rating, PVBC also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 12.83. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 12.74, a Stop Loss order could be placed below this zone.
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11.21
When analyzing the support we can see 2 important areas.
- A support zone ranging from 12.14 to 12.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @11.32 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 12.83 to 12.98. 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 PVBC is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PVBC is neutral. |
| ChartMill Relative Strength | 70.76 | POSITIVE | PVBC has a high relative strength, it outperformed 70.76% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PVBC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PVBC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PVBC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.77 | NEUTRAL | The RSI value for PVBC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests PVBC has a positive trend. |
| Stochastics (14,3) | 61.03 | NEUTRAL | The Stochastics value for PVBC is a neutral value. |
| Average True Range in percent/ATR (20) | 1.53 | LOW VOLATILITY | The low ATR as a percentage value for PVBC suggests low volalility. |
| Average Directional Index/ADX (14) | 19.73 | NEGATIVE | The low ADX value for PVBC 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 |
|---|---|---|---|
| 12.99 | 12.36 | 0.63 (4.85%) | 20.62% |
| An entry @12.99. This is a Buy Stop order right above the resistance zone. | An exit @12.36. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.63 points, which is 4.85%. | When investing 20.62% 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.
12.75
+0.05 (+0.39%)
PROVIDENT BANCORP INC / PVBC FAQ
What is the ChartMill technical rating of PROVIDENT BANCORP INC (PVBC) stock?
ChartMill assigns a technical rating of 8 / 10 to PVBC.
What is the trend direction for PVBC stock?
The current trend direction for PROVIDENT BANCORP INC (PVBC) is Bullish.
What is the RSI signal for PROVIDENT BANCORP INC (PVBC) stock?
PROVIDENT BANCORP INC (PVBC) has an RSI value of 56.7677. This indicates that the stock is currently neutral.
Can you provide the MACD signal for PROVIDENT BANCORP INC?
The MACD indicator for PROVIDENT BANCORP INC (PVBC) has a value of 0.0250934, indicating a bearish trend.