SR BANCORP INC (SRBK) Technical Analysis
NASDAQ:SRBK • US85227J1060
Current stock price
SRBK Technical Rating and Analysis
Overall SRBK gets a technical rating of 7 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- When comparing the yearly performance of all stocks, we notice that SRBK is one of the better performing stocks in the market, outperforming 81% of all stocks. On top of that, SRBK also shows a nice and consistent pattern of rising prices.
- SRBK is one of the better performing stocks in the Banks industry, it outperforms 86% of 381 stocks in the same industry.
- SRBK is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so SRBK is performing more or less in line with the market.
- In the last month SRBK has a been trading in the 16.11 - 17.21 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
SRBK Weekly and Daily overview Charts
SRBK Setup Rating and Analysis
Besides having an excellent technical rating, SRBK also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 16.55, a Stop Loss order could be placed below this zone.
More info and screens
SRBK Support and Resistance Analysis
14.17
3 important support areas can be observed.
- A support zone ranging from 16.48 to 16.55. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 14.63 to 14.64. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 14.31 to 14.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 16.61 to 16.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @17.88 from a horizontal line in the daily time frame.
SRBK 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 | UP | POSITIVE | The long term trend for SRBK is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SRBK is down. |
| ChartMill Relative Strength | 81.82 | POSITIVE | SRBK has a high relative strength, it outperformed 81.82% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SRBK is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of SRBK is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SRBK is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 45.49 | NEUTRAL | The RSI value for SRBK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests SRBK has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 41.82 | NEUTRAL | The Stochastics value for SRBK is a neutral value. |
| Average True Range in percent/ATR (20) | 2.61 | MEDIUM VOLATILITY | The ATR as a percentage value for SRBK suggests some volalility. |
| Average Directional Index/ADX (14) | 23.7 | NEUTRAL | The ADX value for SRBK suggests a possible start of a new trend. |
SRBK Chart- and CandleStick Pattern Analysis
SRBK Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 16.86 | 16.47 | 0.39 (2.31%) | 25.00% |
| An entry @16.86. This is a Buy Stop order right above the resistance zone. | An exit @16.47. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.39 points, which is 2.31%. | For a 0.58% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of SRBK. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
SRBK Technicals: Chart, Performance Metrics, Trend & Indicators
16.6
+0.14 (+0.85%)
SR BANCORP INC / SRBK TA FAQ
What is the ChartMill technical rating of SR BANCORP INC (SRBK) stock?
ChartMill assigns a technical rating of 7 / 10 to SRBK.
What is the current trend direction of SR BANCORP INC (SRBK) stock?
The current trend direction for SR BANCORP INC (SRBK) is Bullish.
Can you provide the RSI signal for SR BANCORP INC?
SR BANCORP INC (SRBK) has an RSI value of 45.4946. This indicates that the stock is currently neutral.
Can you provide the MACD signal for SR BANCORP INC?
The MACD indicator for SR BANCORP INC (SRBK) has a value of -0.0312522, indicating a bearish trend.
What is the buy/sell signal for SRBK stock?
The buy/sell signal for SR BANCORP INC (SRBK) is hold as the short term and long term trends are mixed.