SOUTHSIDE BANCSHARES INC (SBSI) Technical Analysis
NYSE:SBSI • US84470P1093
Current stock price
SBSI Technical Rating and Analysis
Taking everything into account, SBSI scores 4 out of 10 in our technical rating. SBSI has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
- SBSI is part of the Banks industry. There are 380 other stocks in this industry, of which 66% are performing better than SBSI.
- In the last month SBSI has a been trading in the 29.04 - 31.66 range, which is quite wide. It is currently trading near the high of this range.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- 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 58% of all stocks.
- SBSI is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so SBSI is lagging the market slightly.
SBSI Weekly and Daily overview Charts
SBSI Setup Rating and Analysis
Although the technical rating is only medium, SBSI does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 31.12, a Stop Loss order could be placed below this zone.
More info and screens
SBSI Support and Resistance Analysis
26.26
We found 4 important support areas.
- A support zone ranging from 29.64 to 31.12. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @27.72 from a trend line in the weekly time frame.
- Support @27.11 from a horizontal 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 33.24 to 33.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
SBSI 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.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for SBSI is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SBSI is neutral. |
| ChartMill Relative Strength | 58.29 | 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) | DOWN | NEGATIVE | The current price of SBSI is below a declining 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) | 57.31 | NEUTRAL | The RSI value for SBSI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.21 | POSITIVE | The MACD value suggests SBSI has a positive trend. |
| Stochastics (14,3) | 88.44 | OVERBOUGHT | The high Stochastics value suggests SBSI may be overbought. |
| Average True Range in percent/ATR (20) | 2.45 | MEDIUM VOLATILITY | The ATR as a percentage value for SBSI suggests some volalility. |
| Average Directional Index/ADX (14) | 15.56 | NEGATIVE | The low ADX value for SBSI suggests a weak or negative trend. |
SBSI Chart- and CandleStick Pattern Analysis
SBSI Technicals: Chart, Performance Metrics, Trend & Indicators
31.53
+0.11 (+0.35%)
SOUTHSIDE BANCSHARES INC / SBSI TA FAQ
What is the technical rating for SBSI stock?
ChartMill assigns a technical rating of 4 / 10 to SBSI.
What is the trend direction for SBSI stock?
The current trend direction for SOUTHSIDE BANCSHARES INC (SBSI) is Bearish.
Can you provide the RSI signal for SOUTHSIDE BANCSHARES INC?
SOUTHSIDE BANCSHARES INC (SBSI) has an RSI value of 57.3143. This indicates that the stock is currently neutral.
Can you provide the short term momentum for SOUTHSIDE BANCSHARES INC?
The short term momentum for SOUTHSIDE BANCSHARES INC (SBSI) is neutral.