Logo image of SVBI

Severn Bancorp Inc (SVBI) Stock Technical Analysis

NASDAQ:SVBI - Nasdaq -

13.63  +0.73 (+5.66%)

Technical Rating and Analysis

10

Taking everything into account, SVBI scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SVBI is showing a nice and steady performance.

Warning: SVBI has an average volume of 6997 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, SVBI did better than 89% of all other stocks. We also observe that the gains produced by SVBI over the past year are nicely spread over this period.
A new 52 week high is currently being made by SVBI, which is a very good signal! Especially since the S&P500 is only trading in the upper part of its 52 week range, so SVBI is leading the market.
In the last month SVBI has a been trading in the 12.46 - 13.63 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, which is what you like to see during a strong movement up.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Weekly and Daily overview Charts
Severn Bancorp Inc / SVBI Weekly stock chart
Severn Bancorp Inc / SVBI Daily stock chart
Setup Rating and Analysis

2

Although SVBI has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.

Support and Resistance Analysis

11.59

13.77

We found 3 important support areas.

  • A support zone ranging from 12.53 to 12.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 12.15 to 12.32. This zone is formed by a combination of multiple trend lines in the daily time frame.
  • A support zone ranging from 11.71 to 11.88. This zone is formed by a combination of multiple trend lines in multiple time frames.

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 SVBI is up.
ChartMill Short Term Trend IndicatorUPPOSITIVEThe short term trend for SVBI is up.
ChartMill Relative Strength89.92POSITIVESVBI has a high relative strength, it outperformed 89.92% off all stocks on the market.
Simple Moving Average/SMA (20)UPPOSITIVEThe current price of SVBI is above the rising SMA(20).
Simple Moving Average/SMA (50)UPPOSITIVEThe current price of SVBI is above the rising SMA(50).
Simple Moving Average/SMA (200)UPPOSITIVEThe current price of SVBI is above the rising SMA(200).
Relative Strength Index/RSI (14)78.01OVERBOUGHTThe high RSI value suggests SVBI may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)0.04POSITIVEThe MACD value suggests SVBI has a positive trend.
Stochastics (14,3)58.48NEUTRALThe Stochastics value for SVBI is a neutral value.
Average True Range in percent/ATR (20)1.64LOW VOLATILITYThe low ATR as a percentage value for SVBI suggests low 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)
Severn Bancorp Inc / SVBI Daily stock chart

Severn Bancorp Inc

NASDAQ:SVBI (10/29/2021, 4:30:01 PM)

13.63

+0.73 (+5.66%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryThrifts & Mortgage Finance
Performance
% Chg5.66%
1 Week6.9%
2 Weeks5.66%
1 Month9.21%
3 Month11.36%
6 Month15.12%
12 Month119.84%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.25
ATR(20)%1.64%
ATR Inc121.83%
Range Today0.77
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
CRS89.92
Mansfield1.53
10 Day High13.63
10 Day Low12.69
20 Day High13.63
20 Day Low12.46
52 Week High13.63
52 Week Low6.06
CS1 End12.85
CR1 StartN/A
Volume & EV
DER(3)-11.54%
DER(5)-6.89%
Volume64.20K
Volume Incr129.02%
Vol(5)15.70K
Vol(50)7.00K