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Select Bancorp Inc (SLCT) Stock Technical Analysis

NASDAQ:SLCT - Nasdaq -

18.88  -0.47 (-2.43%)

After market: 18.7 -0.18 (-0.95%)

Technical Rating and Analysis

10

We assign a technical rating of 10 out of 10 to SLCT. 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.

Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, SLCT did better than 94% of all other stocks. On top of that, SLCT also shows a nice and consistent pattern of rising prices.
SLCT is part of the Banks industry. There are 393 other stocks in this industry. SLCT outperforms 99% of them.
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.
Weekly and Daily overview Charts
Select Bancorp Inc / SLCT Weekly stock chart
Select Bancorp Inc / SLCT Daily stock chart
Setup Rating and Analysis

3

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.

Support and Resistance Analysis

15.56

19.07

3 important support areas can be observed.

  • 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.

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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorUPPOSITIVEThe long term trend for SLCT is up.
ChartMill Short Term Trend IndicatorUPPOSITIVEThe short term trend for SLCT is up.
ChartMill Relative Strength94.28POSITIVESLCT has a high relative strength, it outperformed 94.28% off all stocks on the market.
Simple Moving Average/SMA (20)UPPOSITIVEThe current price of SLCT is above the rising SMA(20).
Simple Moving Average/SMA (50)UPPOSITIVEThe current price of SLCT is above the rising SMA(50).
Simple Moving Average/SMA (200)UPPOSITIVEThe current price of SLCT is above the rising SMA(200).
Relative Strength Index/RSI (14)59.62NEUTRALThe RSI value for SLCT is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)0.13POSITIVEThe MACD value suggests SLCT has a positive trend, although the MACD value is declining.
Stochastics (14,3)70.21NEUTRALThe Stochastics value for SLCT is a neutral value.
Average True Range in percent/ATR (20)3.51MEDIUM VOLATILITYThe ATR as a percentage value for SLCT suggests some volalility.
Chart- and CandleStick Pattern Analysis
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)
Select Bancorp Inc / SLCT Daily stock chart

Select Bancorp Inc

NASDAQ:SLCT (10/15/2021, 8:05:20 PM)

After market: 18.7 -0.18 (-0.95%)

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