STOCK YARDS BANCORP INC (SYBT) Stock Technical Analysis
USA - NASDAQ:SYBT - US8610251048 - Common Stock
Overall SYBT gets a technical rating of 1 out of 10. SYBT's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is bad, SYBT does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 65.18, a Stop Loss order could be placed below this zone.
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64.37
When analyzing the support we notice one important area.
- A support zone ranging from 65.02 to 65.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 66.70 to 67.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @77.54 from a horizontal line in the daily time frame.
- Resistance @83.01 from a horizontal line 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 | DOWN | NEGATIVE | The long term trend for SYBT is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SYBT is down. |
| ChartMill Relative Strength | 22.88 | NEGATIVE | SYBT has a low relative strength, it was outperformed by 77.12% 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) | DOWN | NEGATIVE | The current price of SYBT is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SYBT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 44.26 | NEUTRAL | The RSI value for SYBT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.32 | POSITIVE | The MACD value suggests SYBT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 59.07 | NEUTRAL | The Stochastics value for SYBT is a neutral value. |
| Average True Range in percent/ATR (20) | 2.7 | MEDIUM VOLATILITY | The ATR as a percentage value for SYBT suggests some volalility. |
| Average Directional Index/ADX (14) | 12.13 | NEGATIVE | The low ADX value for SYBT suggests a weak or negative trend. |
66.54
-0.45 (-0.67%)
STOCK YARDS BANCORP INC / SYBT FAQ
What is the technical rating for SYBT stock?
ChartMill assigns a technical rating of 1 / 10 to SYBT.
Can you provide the trend direction for STOCK YARDS BANCORP INC?
The current trend direction for STOCK YARDS BANCORP INC (SYBT) is Bearish.
What is the RSI signal for SYBT stock?
STOCK YARDS BANCORP INC (SYBT) has an RSI value of 44.2578. This indicates that the stock is currently neutral.
Can you provide the MACD signal for STOCK YARDS BANCORP INC?
The MACD indicator for STOCK YARDS BANCORP INC (SYBT) has a value of 0.319507, indicating a bearish trend.
What is the short term momentum for SYBT stock?
The short term momentum for STOCK YARDS BANCORP INC (SYBT) is negative.