SIMMONS FIRST NATL CORP-CL A (SFNC) Stock Technical Analysis
NASDAQ:SFNC - Nasdaq - US8287302009 - Common Stock - Currency: USD
Taking everything into account, SFNC scores 4 out of 10 in our technical rating. In the past year, SFNC was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
Although the technical rating is only medium, SFNC does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 19.45. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 18.87, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
17.22
We found 3 important support areas.
- A support zone ranging from 18.30 to 18.89. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @17.84 from a trend line in the weekly time frame.
- A support zone ranging from 17.39 to 17.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 18.97 to 19.08. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
- Resistance @19.72 from a trend line in the daily time frame.
- Resistance @20.26 from a horizontal line in the daily 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 | DOWN | NEGATIVE | The long term trend for SFNC is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SFNC is up. |
| ChartMill Relative Strength | 49.03 | NEUTRAL | SFNC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SFNC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SFNC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SFNC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.69 | NEUTRAL | The RSI value for SFNC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests SFNC has a positive trend. |
| Stochastics (14,3) | 68.63 | NEUTRAL | The Stochastics value for SFNC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.12 | MEDIUM VOLATILITY | The ATR as a percentage value for SFNC suggests some volalility. |
| Average Directional Index/ADX (14) | 12.86 | NEGATIVE | The low ADX value for SFNC suggests a weak or negative trend. |
18.96
+0.03 (+0.16%)