SOUTHSIDE BANCSHARES INC (SBSI) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:SBSI • US84470P1093
Taking everything into account, SBSI scores 7 out of 10 in our technical rating. Although SBSI is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- SBSI is one of the lesser performing stocks in the Banks industry. 60% of 383 stocks in the same industry do better.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- SBSI is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so SBSI is lagging the market slightly.
- When comparing the performance of all stocks over the past year, SBSI turns out to be only a medium performer in the overall market: it outperformed 65% of all stocks.
- In the last month SBSI has a been trading in the 30.06 - 33.96 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
SBSI has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 31.89, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
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5 important support areas can be observed.
- A support zone ranging from 31.84 to 31.89. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 30.39 to 30.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @28.68 from a horizontal line in the daily time frame.
- Support @27.51 from a trend line in the weekly time frame.
- Support @26.53 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 32.28 to 32.47. This zone is formed by a combination of multiple trend lines and important moving averages 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 SBSI is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SBSI is neutral. |
| ChartMill Relative Strength | 65.91 | NEUTRAL | SBSI is not amongst the best or worst performers 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) | UP | POSITIVE | The current price of SBSI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SBSI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.45 | NEUTRAL | The RSI value for SBSI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests SBSI has a negative trend. |
| Stochastics (14,3) | 43.58 | NEUTRAL | The Stochastics value for SBSI is a neutral value. |
| Average True Range in percent/ATR (20) | 2.46 | MEDIUM VOLATILITY | The ATR as a percentage value for SBSI suggests some volalility. |
| Average Directional Index/ADX (14) | 20.45 | NEUTRAL | The ADX value for SBSI suggests a possible start of a new trend. |
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 |
|---|---|---|---|
| 32.48 | 31.83 | 0.65 (2.00%) | 25.00% |
| An entry @32.48. This is a Buy Stop order right above the resistance zone. | An exit @31.83. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.65 points, which is 2.00%. | For a 0.50% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of SBSI. Please evaluate whether better entry and exit points can be found.
- 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.
32.19
-0.12 (-0.37%)
SOUTHSIDE BANCSHARES INC / SBSI FAQ
What is the technical rating for SBSI stock?
ChartMill assigns a technical rating of 7 / 10 to SBSI.
What is the trend direction for SBSI stock?
The current trend direction for SOUTHSIDE BANCSHARES INC (SBSI) is Bullish.
What is the RSI signal for SBSI stock?
SOUTHSIDE BANCSHARES INC (SBSI) has an RSI value of 54.4544. This indicates that the stock is currently neutral.
What is the short term momentum for SOUTHSIDE BANCSHARES INC (SBSI) stock?
The short term momentum for SOUTHSIDE BANCSHARES INC (SBSI) is neutral.
Can you provide the support and resistance levels for SOUTHSIDE BANCSHARES INC?
SOUTHSIDE BANCSHARES INC (SBSI) has a support level at 31.89 and a resistance level at 32.28. Check the full technical report for our detailed analysis of SBSI support and resistance levels.