SOUTHSIDE BANCSHARES INC (SBSI) Stock Technical Analysis
USA - NYSE:SBSI - US84470P1093 - Common Stock
Overall SBSI gets a technical rating of 1 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.
Although the technical rating is bad, SBSI does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.
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26.18
When analyzing the support we can see 3 important areas.
- A support zone ranging from 27.99 to 28.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @27.23 from a trend line in the weekly time frame.
- A support zone ranging from 26.44 to 26.53. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- Resistance @30.06 from a trend line in the weekly time frame.
- A resistance zone ranging from 30.75 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 | DOWN | NEGATIVE | The long term trend for SBSI is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SBSI is neutral. |
| ChartMill Relative Strength | 22.42 | NEGATIVE | SBSI has a low relative strength, it was outperformed by 77.58% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SBSI is above the rising 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) | 54.27 | NEUTRAL | The RSI value for SBSI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.18 | POSITIVE | The MACD value suggests SBSI has a positive trend. |
| Stochastics (14,3) | 84.33 | OVERBOUGHT | The high Stochastics value suggests SBSI may be overbought. |
| Average True Range in percent/ATR (20) | 2.58 | MEDIUM VOLATILITY | The ATR as a percentage value for SBSI suggests some volalility. |
| Average Directional Index/ADX (14) | 11.22 | NEGATIVE | The low ADX value for SBSI suggests a weak or negative trend. |
28.79
+0.25 (+0.88%)
SOUTHSIDE BANCSHARES INC / SBSI FAQ
What is the technical rating for SBSI stock?
ChartMill assigns a technical rating of 1 / 10 to SBSI.
Can you provide the trend direction for SOUTHSIDE BANCSHARES INC?
The current trend direction for SOUTHSIDE BANCSHARES INC (SBSI) is Bearish.
What is the RSI signal for SOUTHSIDE BANCSHARES INC (SBSI) stock?
SOUTHSIDE BANCSHARES INC (SBSI) has an RSI value of 54.2723. This indicates that the stock is currently neutral.
What are the support and resistance levels for SOUTHSIDE BANCSHARES INC (SBSI) stock?
SOUTHSIDE BANCSHARES INC (SBSI) has a support level at 28.73 and a resistance level at 30.06. Check the full technical report for our detailed analysis of SBSI support and resistance levels.