SOUTHSIDE BANCSHARES INC (SBSI) Technical Analysis
NYSE:SBSI • US84470P1093
Current stock price
SBSI Technical Rating and Analysis
Overall SBSI gets a technical rating of 1 out of 10. SBSI has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- SBSI is one of the lesser performing stocks in the Banks industry. 68% of 381 stocks in the same industry do better.
- In the last month SBSI has a been trading in the 29.04 - 32.92 range, which is quite wide. It is currently trading near the lows of this range.
- When compared to the yearly performance of all other stocks, SBSI outperforms 40% of them, which is more or less in line with the market.
- 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
SBSI has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
SBSI Support and Resistance Analysis
26.18
When analyzing the support we can see 2 important areas.
- Support @27.67 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.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 33.32 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 | DOWN | NEGATIVE | The long term trend for SBSI is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SBSI is down. |
| ChartMill Relative Strength | 40.18 | NEUTRAL | SBSI is not amongst the best or worst performers 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) | UP | MIXED | The current price of SBSI is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 38.56 | NEUTRAL | The RSI value for SBSI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests SBSI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 28.71 | NEUTRAL | The Stochastics value for SBSI is a neutral value. |
| Average True Range in percent/ATR (20) | 2.92 | MEDIUM VOLATILITY | The ATR as a percentage value for SBSI suggests some volalility. |
| Average Directional Index/ADX (14) | 21.22 | NEUTRAL | The ADX value for SBSI suggests a possible start of a new trend. |
SBSI Chart- and CandleStick Pattern Analysis
SBSI Technicals: Chart, Performance Metrics, Trend & Indicators
30.1
+0.11 (+0.37%)
SOUTHSIDE BANCSHARES INC / SBSI TA FAQ
What is the technical rating for SBSI stock?
ChartMill assigns a technical rating of 1 / 10 to SBSI.
What is the trend direction for SBSI stock?
The current trend direction for SOUTHSIDE BANCSHARES INC (SBSI) is Bearish.
What is the RSI signal for SBSI stock?
SOUTHSIDE BANCSHARES INC (SBSI) has an RSI value of 38.5564. 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 negative.
Can you provide the support and resistance levels for SOUTHSIDE BANCSHARES INC?
SOUTHSIDE BANCSHARES INC (SBSI) has a support level at 27.67 and a resistance level at 33.32. Check the full technical report for our detailed analysis of SBSI support and resistance levels.