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. 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.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that PVBC is one of the better performing stocks in the market, outperforming 78% of all stocks. We also observe that the gains produced by PVBC over the past year are nicely spread over this period.
In the last month PVBC has a been trading in the 10.94 - 12.10 range, which is quite wide. It is currently trading near the high of this range.
PVBC is an average performer in the Banks industry, it outperforms 62% of 396 stocks in the same industry.
PVBC is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so PVBC is lagging the market slightly.
Volume is considerably higher in the last couple of days.
Although PVBC 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
10.50
12.88
We found 2 important support areas.
- A support zone ranging from 11.19 to 11.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 10.61 to 10.91. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- Resistance @11.89 from a horizontal line in the daily time frame.
- A resistance zone ranging from 12.61 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 | 78.53 | POSITIVE | PVBC has a high relative strength, it outperformed 78.53% 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) | 64.62 | NEUTRAL | The RSI value for PVBC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests PVBC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 77.54 | NEUTRAL | The Stochastics value for PVBC is a neutral value. |
| Average True Range in percent/ATR (20) | 1.94 | LOW VOLATILITY | The low ATR as a percentage value for PVBC suggests low volalility. |
| Average Directional Index/ADX (14) | 28.95 | 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)
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 |
|---|---|---|---|
| 11.90 | 11.22 | 0.68 (5.71%) | 17.50% |
| An entry @11.90. This is a Buy Stop order right above the resistance zone. | An exit @11.22. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.68 points, which is 5.71%. | When investing 17.50% 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.
11.8
-0.08 (-0.67%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-0.67%
1 Week0.51%
2 Weeks3.6%
1 Month4.98%
3 Month2.43%
6 Month-0.76%
12 Month22.92%
2 Year42.51%
3 Year-24.84%
5 Year50.13%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.22
ATR(20)%1.94%
ATR Inc-54.7%
Range Today0.14
ADR(20)0.22
ADR(20)%1.83%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS78.53
Mansfield0.18
10 Day High12.1
10 Day Low11.23
20 Day High12.1
20 Day Low10.94
52 Week High12.96
52 Week Low9.48
CS1 End11.63
CR1 Start11.89
Volume & EV
DER(3)-5.56%
DER(5)-3.86%
Volume193.00K
Volume Incr230.35%
Vol(5)453.52K
Vol(50)113.60K