We assign a technical rating of 4 out of 10 to SYBT. In the past year, SYBT was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
Although the technical rating is only medium, SYBT does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 69.17. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 67.79, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
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When analyzing the support we can see 3 important areas.
- A support zone ranging from 66.43 to 67.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @64.72 from a horizontal line 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.
2 important resistance areas can be observed.
- A resistance zone ranging from 69.17 to 70.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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 | 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 | 43.41 | NEUTRAL | SYBT is not amongst the best or worst performers 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) | DOWN | NEGATIVE | The current price of SYBT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.16 | 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, although the MACD value is rising. |
| Stochastics (14,3) | 43.93 | NEUTRAL | The Stochastics value for SYBT is a neutral value. |
| Average True Range in percent/ATR (20) | 2.79 | MEDIUM VOLATILITY | The ATR as a percentage value for SYBT suggests some volalility. |
| Average Directional Index/ADX (14) | 18.78 | NEGATIVE | The low ADX value for SYBT suggests a weak or negative trend. |
67.87
+2.16 (+3.29%)
STOCK YARDS BANCORP INC / SYBT FAQ
What is the technical rating for SYBT stock?
ChartMill assigns a technical rating of 4 / 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 54.1647. 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 67.79 and a resistance level at 69.17. Check the full technical report for our detailed analysis of SYBT support and resistance levels.