SIGNATURE BANK (SBNY) Stock Technical Analysis
NASDAQ:SBNY - Nasdaq - US82669G1040 - Common Stock - Currency: USD
Overall SBNY gets a technical rating of 0 out of 10. SBNY's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
97% of all other stocks performed better in the past year than SBNY.
SBNY is part of the Banks industry. There are 395 other stocks in this industry, of which 96% are performing better than SBNY.
SBNY is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
In the last month SBNY has a been trading in the 61.37 - 134.85 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
SBNY has an average volume of 1850490 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The technical rating of SBNY is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
69.30
141.64
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 117.39 to 117.71. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
- Resistance @125.43 from a trend line in the weekly time frame.
- Resistance @129.50 from a trend line in the daily time frame.
- Resistance @136.87 from a trend line in the daily time frame.
- Resistance @140.24 from a horizontal line 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 | DOWN | NEGATIVE | The long term trend for SBNY is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SBNY is down. |
| ChartMill Relative Strength | 3.9 | NEGATIVE | SBNY has a low relative strength, it was outperformed by 96.1% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SBNY is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SBNY is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SBNY is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 16.41 | OVERSOLD | The low RSI value suggests SBNY may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -4.16 | NEGATIVE | The MACD value suggests SBNY has a negative trend. |
| Stochastics (14,3) | 6.69 | OVERSOLD | The low Stochastics value suggests SBNY may be oversold. |
| Average True Range in percent/ATR (20) | 9.96 | HIGH VOLATILITY | The high ATR as a percentage value for SBNY suggests high volalility. |
| Average Directional Index/ADX (14) | 26.51 | POSITIVE | The high ADX value value for SBNY 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)
70
-20.76 (-22.87%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-22.87%
1 Week-38.43%
2 Weeks-38.71%
1 Month-47.86%
3 Month-40.96%
6 Month-61.91%
12 Month-75.8%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)7.4
ATR(20)%9.96%
ATR Inc304.1%
Range Today29.3
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
CRS3.9
Mansfield-5.79
10 Day High117.1
10 Day Low61.37
20 Day High134.85
20 Day Low61.37
52 Week High328.88
52 Week Low61.37
CS1 EndN/A
CR1 Start117.39
Volume & EV
DER(3)-2.7%
DER(5)-3.35%
Volume21.71M
Volume Incr592.98%
Vol(5)7.14M
Vol(50)1.85M