SOUTHSIDE BANCSHARES INC (SBSI) Stock Technical Analysis
USA - NYSE:SBSI - US84470P1093 - Common Stock
28.2 USD
+0.39 (+1.4%)
28.2 USD
0 (0%)
Overall SBSI gets a technical rating of 0 out of 10. SBSI'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.
84% of all other stocks performed better in the past year than SBSI.
SBSI is part of the Banks industry. There are 392 other stocks in this industry, of which 90% are performing better than SBSI.
SBSI is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month SBSI has a been trading in the 27.64 - 31.03 range, which is quite wide. It is currently trading near the lows of this range.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
SBSI has a poor technical rating and the quality of the setup is also only medium 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
26.84
31.70
2 important support areas can be observed.
- Support @28.05 from a horizontal line in the daily time frame.
- Support @27.11 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 29.51 to 29.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 30.65 to 31.39. 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 | NEUTRAL | NEUTRAL | The long term trend for SBSI is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SBSI is down. |
| ChartMill Relative Strength | 16.91 | NEGATIVE | SBSI has a low relative strength, it was outperformed by 83.09% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SBSI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SBSI is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SBSI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 35.58 | NEUTRAL | The RSI value for SBSI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.21 | NEGATIVE | The MACD value suggests SBSI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 8.28 | OVERSOLD | The low Stochastics value suggests SBSI may be oversold. |
| Average True Range in percent/ATR (20) | 2.16 | MEDIUM VOLATILITY | The ATR as a percentage value for SBSI suggests some volalility. |
| Average Directional Index/ADX (14) | 19.88 | NEGATIVE | The low ADX value for SBSI suggests a weak or negative 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)
28.2
+0.39 (+1.4%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg1.4%
1 Week-2.86%
2 Weeks-6.44%
1 Month-9%
3 Month-9.62%
6 Month4.68%
12 Month-12.96%
2 Year5.62%
3 Year-17.64%
5 Year4.6%
10 Year4.83%
15 Year57.42%
Volatility
ATR(14)0.66
ATR(20)%2.16%
ATR Inc-26.28%
Range Today0.55
ADR(20)0.57
ADR(20)%2.01%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS16.91
Mansfield-1.79
10 Day High30.17
10 Day Low27.64
20 Day High31.03
20 Day Low27.64
52 Week High38
52 Week Low25.85
CS1 End28.05
CR1 Start29.51
Volume & EV
DER(3)1.04%
DER(5)1.2%
Volume170.40K
Volume Incr-4.92%
Vol(5)121.70K
Vol(50)120.45K