PROVIDENT BANCORP INC (PVBC) Stock Technical Analysis
NASDAQ:PVBC - Nasdaq - US74383L1052 - Common Stock - Currency: USD
We assign a technical rating of 10 out of 10 to PVBC. Both in the recent history as in the last year, PVBC has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, PVBC did better than 73% of all other stocks. We also observe that the gains produced by PVBC over the past year are nicely spread over this period.
PVBC is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month PVBC has a been trading in the 11.23 - 12.83 range, which is quite wide. It is currently trading near the high of this range.
PVBC is part of the Banks industry. There are 395 other stocks in this industry, PVBC did better than 41% of them.
Although PVBC has an excellent technical rating, it does not offer a high quality setup 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
10.50
12.88
We found 4 important support areas.
- A support zone ranging from 12.24 to 12.30. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 11.36 to 11.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 10.91 to 11.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 10.61 to 10.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 12.75 to 12.75. 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 | UP | POSITIVE | The short term trend for PVBC is up. |
| ChartMill Relative Strength | 73.12 | POSITIVE | PVBC has a high relative strength, it outperformed 73.12% 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) | 83.61 | OVERBOUGHT | The high RSI value suggests PVBC may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests PVBC has a positive trend. |
| Stochastics (14,3) | 93.35 | OVERBOUGHT | The high Stochastics value suggests PVBC may be overbought. |
| Average True Range in percent/ATR (20) | 1.45 | LOW VOLATILITY | The low ATR as a percentage value for PVBC suggests low volalility. |
| Average Directional Index/ADX (14) | 41.19 | POSITIVE | The high ADX value value for PVBC 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)
12.74
+0.08 (+0.63%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg0.63%
1 Week3.92%
2 Weeks7.87%
1 Month12.25%
3 Month15.19%
6 Month14.57%
12 Month26.51%
2 Year31.88%
3 Year-15.85%
5 Year62.29%
10 Year-0.23%
15 YearN/A
Volatility
ATR(14)0.17
ATR(20)%1.45%
ATR Inc22.13%
Range Today0.11
ADR(20)0.17
ADR(20)%1.36%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS73.12
Mansfield0.44
10 Day High12.83
10 Day Low11.8
20 Day High12.83
20 Day Low11.23
52 Week High12.96
52 Week Low9.67
CS1 End12.3
CR1 Start12.75
Volume & EV
DER(3)3.31%
DER(5)3.35%
Volume111.90K
Volume Incr-36.04%
Vol(5)237.54K
Vol(50)185.73K