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SIGNATURE BANK (SBNY) Stock Technical Analysis

USA - NASDAQ:SBNY - US82669G1040 - Common Stock

70 USD
-20.76 (-22.87%)
Last: 3/10/2023, 8:00:02 PM
69.62 USD
-0.38 (-0.54%)
Pre-Market: 3/13/2023, 8:49:01 AM
Technical Rating and Analysis

0

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.
When comparing the yearly performance of all stocks, SBNY is a bad performer in the overall market: 97% of all stocks are doing better.
SBNY is one of the lesser performing stocks in the Banks industry. 96% of 390 stocks in the same industry do better.
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.

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Weekly and Daily overview Charts
SIGNATURE BANK / SBNY Weekly stock chart
SIGNATURE BANK / SBNY Daily stock chart
Setup Rating and Analysis

0

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.

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Support and Resistance Analysis

69.30

141.64

We can see 5 important resistance 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.

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Technical Indicator Signal Analysis

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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorDOWNNEGATIVEThe long term trend for SBNY is down.
ChartMill Short Term Trend IndicatorDOWNNEGATIVEThe short term trend for SBNY is down.
ChartMill Relative Strength3.9NEGATIVESBNY has a low relative strength, it was outperformed by 96.1% off all stocks on the market.
Simple Moving Average/SMA (20)DOWNNEGATIVEThe current price of SBNY is below a declining SMA(20).
Simple Moving Average/SMA (50)DOWNNEGATIVEThe current price of SBNY is below a declining SMA(50).
Simple Moving Average/SMA (200)DOWNNEGATIVEThe current price of SBNY is below a declining SMA(200).
Relative Strength Index/RSI (14)16.41OVERSOLDThe low RSI value suggests SBNY may be oversold.
Moving Average Convergence Divergence/MACD (12, 26, 9)-4.16NEGATIVEThe MACD value suggests SBNY has a negative trend.
Stochastics (14,3)6.69OVERSOLDThe low Stochastics value suggests SBNY may be oversold.
Average True Range in percent/ATR (20)9.96HIGH VOLATILITYThe high ATR as a percentage value for SBNY suggests high volalility.
Average Directional Index/ADX (14)26.51POSITIVEThe high ADX value value for SBNY suggests a strong trend.
Chart- and CandleStick Pattern Analysis
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)

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SIGNATURE BANK / SBNY Daily stock chart

SIGNATURE BANK

NASDAQ:SBNY (3/10/2023, 8:00:02 PM)

Premarket: 69.62 -0.38 (-0.54%)

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
3 months CRSN/A
6 months CRSN/A
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

SIGNATURE BANK / SBNY FAQ

What is the ChartMill technical rating of SIGNATURE BANK (SBNY) stock?

ChartMill assigns a technical rating of 0 / 10 to SBNY.


Can you provide the trend direction for SIGNATURE BANK?

The current trend direction for SIGNATURE BANK (SBNY) is Bearish.


What is the RSI signal for SIGNATURE BANK (SBNY) stock?

SIGNATURE BANK (SBNY) has an RSI value of 16.4147. This indicates that the stock is currently oversold.


Can you provide the short term momentum for SIGNATURE BANK?

The short term momentum for SIGNATURE BANK (SBNY) is negative.


Can you provide the support and resistance levels for SIGNATURE BANK?

SIGNATURE BANK (SBNY) has a resistance level at 117.39. Check the full technical report for our detailed analysis of SBNY support and resistance levels.