STELLAR BANCORP INC (STEL) Stock Technical Analysis
NYSE:STEL - New York Stock Exchange, Inc. - US8589271068 - Common Stock - Currency: USD
We assign a technical rating of 6 out of 10 to STEL. In the last year, STEL was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
Although the technical rating is only medium, STEL 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 27.68. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 27.27, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for STEL in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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22.40
When analyzing the support we can see 4 important areas.
- A support zone ranging from 26.39 to 27.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 24.88 to 25.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @24.47 from a horizontal line in the daily time frame.
- Support @22.63 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 27.68 to 27.94. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The long term trend for STEL is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for STEL is up. |
| ChartMill Relative Strength | 75.17 | POSITIVE | STEL has a high relative strength, it outperformed 75.17% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of STEL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of STEL is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of STEL is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.59 | NEUTRAL | The RSI value for STEL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests STEL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 56.71 | NEUTRAL | The Stochastics value for STEL is a neutral value. |
| Average True Range in percent/ATR (20) | 2.04 | MEDIUM VOLATILITY | The ATR as a percentage value for STEL suggests some volalility. |
| Average Directional Index/ADX (14) | 14.05 | NEGATIVE | The low ADX value for STEL suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 27.95 | 26.38 | 1.57 (5.62%) | 17.80% |
| An entry @27.95. This is a Buy Stop order right above the resistance zone. | An exit @26.38. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.57 points, which is 5.62%. | When investing 17.80% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
27.44
+0.66 (+2.46%)