Select Bancorp Inc (SLCT) Stock Technical Analysis
NASDAQ:SLCT - Nasdaq -
Overall SLCT gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SLCT is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that SLCT is one of the better performing stocks in the market, outperforming 94% of all stocks. We also observe that the gains produced by SLCT over the past year are nicely spread over this period.
SLCT is one of the better performing stocks in the Banks industry, it outperforms 98% of 396 stocks in the same industry.
SLCT is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so SLCT is leading the market.
In the last month SLCT has a been trading in the 15.40 - 20.50 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days.
Although SLCT 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.
More info and screens
15.56
19.07
When analyzing the support we can see 3 important areas.
- A support zone ranging from 16.92 to 17.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @16.35 from a trend line in the daily time frame.
- Support @15.72 from a trend 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 | UP | POSITIVE | The long term trend for SLCT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SLCT is up. |
| ChartMill Relative Strength | 94.28 | POSITIVE | SLCT has a high relative strength, it outperformed 94.28% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SLCT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SLCT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SLCT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.62 | NEUTRAL | The RSI value for SLCT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests SLCT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 70.21 | NEUTRAL | The Stochastics value for SLCT is a neutral value. |
| Average True Range in percent/ATR (20) | 3.51 | MEDIUM VOLATILITY | The ATR as a percentage value for SLCT suggests some volalility. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
18.88
-0.47 (-2.43%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-2.43%
1 Week-3.13%
2 Weeks7.27%
1 Month14.98%
3 Month21.65%
6 Month69.33%
12 Month150.07%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.69
ATR(20)%3.51%
ATR Inc29.05%
Range Today1.02
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.28
Mansfield3.42
10 Day High20.5
10 Day Low17.33
20 Day High20.5
20 Day Low15.4
52 Week High20.5
52 Week Low7.14
CS1 End17.09
CR1 StartN/A
Volume & EV
DER(3)-1.89%
DER(5)-0.28%
Volume980.90K
Volume Incr561.91%
Vol(5)236.60K
Vol(50)55.11K