We assign a technical rating of 2 out of 10 to SYBT. In the past year, SYBT was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
- The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- 69% of all other stocks performed better in the past year than SYBT.
- SYBT is one of the lesser performing stocks in the Banks industry. 86% of 383 stocks in the same industry do better.
- SYBT is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month SYBT has a been trading in the 64.17 - 72.52 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
SYBT has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 67.20, a Stop Loss order could be placed below this zone.
More info and screens
62.13
We found 3 important support areas.
- A support zone ranging from 66.14 to 67.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 64.72 to 64.72. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A support zone ranging from 62.76 to 63.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 67.69 to 69.17. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 70.41 to 71.28. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @77.54 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 | NEUTRAL | NEUTRAL | The short term trend for SYBT is neutral. |
| ChartMill Relative Strength | 31.47 | NEUTRAL | SYBT is not amongst the best or worst performers 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 | MIXED | The current price of SYBT is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.84 | NEUTRAL | The RSI value for SYBT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests SYBT has a negative trend. |
| Stochastics (14,3) | 30.1 | NEUTRAL | The Stochastics value for SYBT is a neutral value. |
| Average True Range in percent/ATR (20) | 3.21 | MEDIUM VOLATILITY | The ATR as a percentage value for SYBT suggests some volalility. |
| Average Directional Index/ADX (14) | 13.56 | NEGATIVE | The low ADX value for SYBT suggests a weak or negative trend. |
67.69
+0.75 (+1.12%)
STOCK YARDS BANCORP INC / SYBT FAQ
What is the technical rating for SYBT stock?
ChartMill assigns a technical rating of 2 / 10 to SYBT.
What is the current trend direction of STOCK YARDS BANCORP INC (SYBT) stock?
The current trend direction for STOCK YARDS BANCORP INC (SYBT) is Bearish.
Can you provide the RSI signal for STOCK YARDS BANCORP INC?
STOCK YARDS BANCORP INC (SYBT) has an RSI value of 49.8352. This indicates that the stock is currently neutral.
What is the short term momentum for STOCK YARDS BANCORP INC (SYBT) stock?
The short term momentum for STOCK YARDS BANCORP INC (SYBT) is neutral.
What is the support and resistance level for SYBT stock?
STOCK YARDS BANCORP INC (SYBT) has a support level at 67.2 and a resistance level at 67.69. Check the full technical report for our detailed analysis of SYBT support and resistance levels.