We assign a technical rating of 1 out of 10 to SYBT. 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.
SYBT has a bad technical rating, but it does show a decent setup pattern. 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 66.69, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- 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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3 important support areas can be observed.
- A support zone ranging from 66.08 to 66.69. 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.
When analyzing the resistance we notice 2 important areas.
- 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 | 33.91 | NEUTRAL | SYBT is not amongst the best or worst performers 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 | MIXED | The current price of SYBT is above 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) | 48.83 | NEUTRAL | The RSI value for SYBT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests SYBT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 40.94 | NEUTRAL | The Stochastics value for SYBT is a neutral value. |
| Average True Range in percent/ATR (20) | 2.8 | MEDIUM VOLATILITY | The ATR as a percentage value for SYBT suggests some volalility. |
| Average Directional Index/ADX (14) | 18.32 | NEGATIVE | The low ADX value for SYBT suggests a weak or negative trend. |
66.7
-1.17 (-1.72%)
STOCK YARDS BANCORP INC / SYBT FAQ
What is the technical rating for SYBT stock?
ChartMill assigns a technical rating of 1 / 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 48.83. 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 66.69 and a resistance level at 69.17. Check the full technical report for our detailed analysis of SYBT support and resistance levels.