STOCK YARDS BANCORP INC (SYBT) Technical Analysis
NASDAQ:SYBT • US8610251048
Overall SYBT gets a technical rating of 0 out of 10. SYBT scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, SYBT is a bad performer in the overall market: 77% of all stocks are doing better.
- SYBT is one of the lesser performing stocks in the Banks industry. 88% of 381 stocks in the same industry do better.
- SYBT is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so SYBT is lagging the market.
- In the last month SYBT has a been trading in the 61.75 - 71.06 range, which is quite wide. It is currently trading near the lows of this range.
- Volume is considerably higher in the last couple of days.
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 62.43, a Stop Loss order could be placed below this zone.
More info and screens
61.81
We found 1 important support area.
- A support zone ranging from 62.43 to 62.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
4 important resistance areas can be observed.
- A resistance zone ranging from 62.76 to 63.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 66.18 to 67.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 68.82 to 69.04. This zone is formed by a combination of multiple trend lines 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 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 | 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 | 23.97 | NEGATIVE | SYBT has a low relative strength, it was outperformed by 76.03% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SYBT is below a declining 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) | 33.65 | NEUTRAL | The RSI value for SYBT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.33 | NEGATIVE | The MACD value suggests SYBT has a negative trend. |
| Stochastics (14,3) | 19.96 | OVERSOLD | The low Stochastics value suggests SYBT may be oversold. |
| Average True Range in percent/ATR (20) | 3.69 | MEDIUM VOLATILITY | The ATR as a percentage value for SYBT suggests some volalility. |
| Average Directional Index/ADX (14) | 18.91 | NEGATIVE | The low ADX value for SYBT suggests a weak or negative trend. |
SYBT Technicals: Chart, Performance Metrics, Trend & Indicators
62.44
-1.18 (-1.85%)
STOCK YARDS BANCORP INC / SYBT FAQ
What is the technical rating for SYBT stock?
ChartMill assigns a technical rating of 0 / 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 33.6491. 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 negative.
What is the support and resistance level for SYBT stock?
STOCK YARDS BANCORP INC (SYBT) has a support level at 62.43 and a resistance level at 62.76. Check the full technical report for our detailed analysis of SYBT support and resistance levels.