Sterling BanCorp (STL) Stock Technical Analysis
NYSE:STL
Taking everything into account, STL scores 7 out of 10 in our technical rating. In the last year, STL was one of the better performers, but we do observe some doubts in the very recent evolution.
- In the last month STL has a been trading in the 26.03 - 30.02 range, which is quite wide. It is currently trading near the lows of this range.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- STL is one of the better performing stocks in the Banks industry, it outperforms 95% of 379 stocks in the same industry.
- STL has an average volume of 1810770 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Looking at the yearly performance, STL did better than 88% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
- STL is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so STL is lagging the market.
- Volume is considerably higher in the last couple of days.
Although STL has an excellent technical rating, the quality of the presented setup is not ideal 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
23.51
3 important support areas can be observed.
- Support @25.22 from a trend line in the weekly time frame.
- A support zone ranging from 24.43 to 24.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 23.75 to 23.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 29.64 to 29.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 STL is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for STL is neutral. |
| ChartMill Relative Strength | 88.69 | POSITIVE | STL has a high relative strength, it outperformed 88.69% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of STL is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of STL is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of STL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 39.97 | NEUTRAL | The RSI value for STL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.35 | NEGATIVE | The MACD value suggests STL has a negative trend. |
| Stochastics (14,3) | 12.34 | OVERSOLD | The low Stochastics value suggests STL may be oversold. |
| Average True Range in percent/ATR (20) | 4.02 | MEDIUM VOLATILITY | The ATR as a percentage value for STL suggests some volalility. |
26.29
-0.88 (-3.24%)
Sterling BanCorp / STL FAQ
What is the ChartMill technical rating of Sterling BanCorp (STL) stock?
ChartMill assigns a technical rating of 6 / 10 to STL.
What is the current trend direction of Sterling BanCorp (STL) stock?
The current trend direction for Sterling BanCorp (STL) is Bullish.
What is the RSI signal for STL stock?
Sterling BanCorp (STL) has an RSI value of 39.9739. This indicates that the stock is currently neutral.
What are the support and resistance levels for Sterling BanCorp (STL) stock?
Sterling BanCorp (STL) has a support level at 25.22 and a resistance level at 29.64. Check the full technical report for our detailed analysis of STL support and resistance levels.