STOCK YARDS BANCORP INC (SYBT) Stock Technical Analysis
NASDAQ:SYBT - Nasdaq - US8610251048 - Common Stock - Currency: USD
We assign a technical rating of 9 out of 10 to SYBT. SYBT has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
When comparing the yearly performance of all stocks, we notice that SYBT is one of the better performing stocks in the market, outperforming 91% of all stocks. On top of that, SYBT also shows a nice and consistent pattern of rising prices.
SYBT is one of the better performing stocks in the Banks industry, it outperforms 94% of 395 stocks in the same industry.
SYBT 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 SYBT is performing more or less in line with the market.
SYBT is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
SYBT has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 76.87. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 73.25, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
57.05
79.41
4 important support areas can be observed.
- A support zone ranging from 71.40 to 73.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @66.24 from a trend line in the weekly time frame.
- A support zone ranging from 63.06 to 64.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @57.63 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 76.87 to 78.62. 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 | NEUTRAL | NEUTRAL | The long term trend for SYBT is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SYBT is neutral. |
| ChartMill Relative Strength | 91.78 | POSITIVE | SYBT has a high relative strength, it outperformed 91.78% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of SYBT is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SYBT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SYBT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.03 | NEUTRAL | The RSI value for SYBT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.52 | NEGATIVE | The MACD value suggests SYBT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 43.97 | NEUTRAL | The Stochastics value for SYBT is a neutral value. |
| Average True Range in percent/ATR (20) | 3.26 | MEDIUM VOLATILITY | The ATR as a percentage value for SYBT suggests some volalility. |
| Average Directional Index/ADX (14) | 27.19 | POSITIVE | The high ADX value value for SYBT suggests a strong trend. |
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)
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 |
|---|---|---|---|
| 74.48 | 71.39 | 3.09 (4.15%) | 24.07% |
| An entry @74.48. This is a Buy Stop order right above the 10 day moving average. | An exit @71.39. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 3.09 points, which is 4.15%. | When investing 24.07% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of SYBT. 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.
73.56
+0.14 (+0.19%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg0.19%
1 Week-0.03%
2 Weeks-4.58%
1 Month0.31%
3 Month0.96%
6 Month-3.36%
12 Month57.01%
2 Year75.56%
3 Year24.68%
5 Year116.16%
10 Year215.98%
15 Year370.73%
Volatility
ATR(14)2.55
ATR(20)%3.26%
ATR Inc35.33%
Range Today1.95
ADR(20)2.29
ADR(20)%3.12%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.78
Mansfield0.81
10 Day High77.02
10 Day Low68.6
20 Day High79.85
20 Day Low68.6
52 Week High79.85
52 Week Low45.01
CS1 End73.25
CR1 Start76.87
Volume & EV
DER(3)0.75%
DER(5)0.51%
Volume173.80K
Volume Incr7.37%
Vol(5)112.02K
Vol(50)115.51K