SOUTHSIDE BANCSHARES INC (SBSI) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:SBSI - US84470P1093 - Common Stock
Taking everything into account, SBSI scores 8 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.
Although SBSI has an excellent technical rating, it does not present a decent entry opportunity 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.
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26.23
When analyzing the support we can see 5 important areas.
- A support zone ranging from 29.59 to 30.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 28.68 to 28.96. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @28.09 from a horizontal line in the daily time frame.
- Support @27.37 from a trend line in the weekly time frame.
- A support zone ranging from 26.49 to 26.53. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- Resistance @32.19 from a horizontal line in the daily time frame.
- Resistance @35.97 from a horizontal line in the weekly 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 | UP | POSITIVE | The long term trend for SBSI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SBSI is up. |
| ChartMill Relative Strength | 51.71 | 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) | 71.12 | OVERBOUGHT | The high RSI value suggests SBSI may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.19 | POSITIVE | The MACD value suggests SBSI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 90 | OVERBOUGHT | The high Stochastics value suggests SBSI may be overbought. |
| Average True Range in percent/ATR (20) | 2.1 | MEDIUM VOLATILITY | The ATR as a percentage value for SBSI suggests some volalility. |
| Average Directional Index/ADX (14) | 38.88 | POSITIVE | The high ADX value value for SBSI suggests a strong trend. |
31.94
-0.24 (-0.75%)
SOUTHSIDE BANCSHARES INC / SBSI FAQ
What is the technical rating for SBSI stock?
ChartMill assigns a technical rating of 8 / 10 to SBSI.
Can you provide the trend direction for SOUTHSIDE BANCSHARES INC?
The current trend direction for SOUTHSIDE BANCSHARES INC (SBSI) is Bullish.
What is the RSI signal for SOUTHSIDE BANCSHARES INC (SBSI) stock?
SOUTHSIDE BANCSHARES INC (SBSI) has an RSI value of 71.1197. This indicates that the stock is currently overbought.
What is the buy/sell signal for SOUTHSIDE BANCSHARES INC (SBSI) stock?
The buy/sell signal for SOUTHSIDE BANCSHARES INC (SBSI) is buy as both the short term and long term trends are positive.
What is the support and resistance level for SBSI stock?
SOUTHSIDE BANCSHARES INC (SBSI) has a support level at 30.22 and a resistance level at 32.19. Check the full technical report for our detailed analysis of SBSI support and resistance levels.