Reliant Bancorp Inc (RBNC) Stock Technical Analysis
NASDAQ:RBNC - Nasdaq - Common Stock
Taking everything into account, RBNC scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, RBNC is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, RBNC did better than 96% of all other stocks.
RBNC is one of the better performing stocks in the Banks industry, it outperforms 100% of 393 stocks in the same industry.
RBNC 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 RBNC has a been trading in the 31.67 - 36.25 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days.
Although RBNC 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
26.73
36.24
We found 4 important support areas.
- A support zone ranging from 32.52 to 34.40. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @31.99 from a trend line in the weekly time frame.
- Support @27.98 from a trend line in the daily time frame.
- A support zone ranging from 27.00 to 27.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 35.88 to 35.88. 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 RBNC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RBNC is up. |
| ChartMill Relative Strength | 96.21 | POSITIVE | RBNC has a high relative strength, it outperformed 96.21% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RBNC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RBNC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of RBNC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.18 | NEUTRAL | The RSI value for RBNC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.28 | POSITIVE | The MACD value suggests RBNC has a positive trend. |
| Stochastics (14,3) | 84.39 | OVERBOUGHT | The high Stochastics value suggests RBNC may be overbought. |
| Average True Range in percent/ATR (20) | 2.91 | MEDIUM VOLATILITY | The ATR as a percentage value for RBNC 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)
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 |
|---|---|---|---|
| 35.89 | 31.66 | 4.23 (11.79%) | 8.48% |
| An entry @35.89. This is a Buy Stop order right above the resistance zone. | An exit @31.66. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 4.23 points, which is 11.79%. | For a 1.00% total portfolio risk, you can invest 8.48% of your capital in this trade. |
- 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.
35.5
+0.49 (+1.4%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg1.4%
1 Week4.75%
2 Weeks5.53%
1 Month4.14%
3 Month11.88%
6 Month30.56%
12 Month90.66%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.04
ATR(20)%2.91%
ATR Inc6.01%
Range Today0.73
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
CRS96.21
Mansfield1.14
10 Day High36.25
10 Day Low31.67
20 Day High36.25
20 Day Low31.67
52 Week High36.36
52 Week Low17.79
CS1 End34.4
CR1 Start35.88
Volume & EV
DER(3)-3.45%
DER(5)-0.19%
Volume515.90K
Volume Incr274%
Vol(5)134.94K
Vol(50)51.32K