STOCK YARDS BANCORP INC (SYBT) Stock Technical Analysis
NASDAQ:SYBT - Nasdaq - US8610251048 - Common Stock - Currency: USD
Overall SYBT gets a technical rating of 10 out of 10. Both in the recent history as in the last year, SYBT has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, SYBT did better than 88% of all other stocks. We also observe that the gains produced by SYBT over the past year are nicely spread over this period.
SYBT is one of the better performing stocks in the Banks industry, it outperforms 93% of 397 stocks in the same industry.
SYBT is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so SYBT is lagging the market slightly.
In the last month SYBT has a been trading in the 72.76 - 83.67 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, SYBT also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 76.87, a Stop Loss order could be placed below this zone.
More info and screens
58.41
79.63
6 important support areas can be observed.
- A support zone ranging from 75.79 to 76.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 72.79 to 73.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @68.63 from a trend line in the weekly time frame.
- Support @65.62 from a trend line in the daily time frame.
- Support @64.04 from a horizontal line in the daily time frame.
- Support @59.00 from a trend line in the weekly 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 | UP | POSITIVE | The long term trend for SYBT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SYBT is up. |
| ChartMill Relative Strength | 88.96 | POSITIVE | SYBT has a high relative strength, it outperformed 88.96% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SYBT is above 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) | 53.36 | NEUTRAL | The RSI value for SYBT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests SYBT has a negative trend. |
| Stochastics (14,3) | 60.69 | NEUTRAL | The Stochastics value for SYBT is a neutral value. |
| Average True Range in percent/ATR (20) | 2.45 | MEDIUM VOLATILITY | The ATR as a percentage value for SYBT suggests some volalility. |
| Average Directional Index/ADX (14) | 23.6 | NEUTRAL | The ADX value for SYBT suggests a possible start of a new 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 |
|---|---|---|---|
| 80.60 | 78.12 | 2.48 (3.08%) | 25.00% |
| An entry @80.60. This is a Buy Stop order right above the 10 day moving average. | An exit @78.11. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 2.48 points, which is 3.08%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.77%. |
- 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.
78.84
-1.06 (-1.33%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-1.33%
1 Week-5.02%
2 Weeks-0.06%
1 Month3.52%
3 Month23.33%
6 Month18.4%
12 Month51.82%
2 Year64.9%
3 Year14.01%
5 Year101.69%
10 Year220.83%
15 Year374.37%
Volatility
ATR(14)2.03
ATR(20)%2.45%
ATR Inc-28.43%
Range Today1.15
ADR(20)1.89
ADR(20)%2.4%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.96
Mansfield0.54
10 Day High83.67
10 Day Low78.13
20 Day High83.67
20 Day Low72.76
52 Week High83.67
52 Week Low52.3
CS1 End76.87
CR1 StartN/A
Volume & EV
DER(3)-3.69%
DER(5)-3.89%
Volume120.00K
Volume Incr-4.9%
Vol(5)142.32K
Vol(50)126.33K