BANCORP INC/THE (TBBK) Stock Technical Analysis
NASDAQ:TBBK • US05969A1051
Taking everything into account, TBBK scores 0 out of 10 in our technical rating. TBBK's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- 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, TBBK is a bad performer in the overall market: 73% of all stocks are doing better.
- TBBK is part of the Banks industry. There are 381 other stocks in this industry, of which 90% are performing better than TBBK.
- In the last month TBBK has a been trading in the 55.14 - 72.89 range, which is quite wide. It is currently trading near the lows of this range.
- TBBK is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so TBBK is lagging the market.
The technical rating of TBBK is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
54.37
We found 2 important support areas.
- Support @58.56 from a horizontal line in the weekly time frame.
- Support @54.92 from a trend line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 62.03 to 62.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @69.16 from a trend line in the daily time frame.
- Resistance @70.85 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 TBBK is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for TBBK is down. |
| ChartMill Relative Strength | 27.76 | NEGATIVE | TBBK has a low relative strength, it was outperformed by 72.24% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TBBK is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of TBBK is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of TBBK is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 40.51 | NEUTRAL | The RSI value for TBBK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.68 | NEGATIVE | The MACD value suggests TBBK has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 11.47 | OVERSOLD | The low Stochastics value suggests TBBK may be oversold. |
| Average True Range in percent/ATR (20) | 6.29 | HIGH VOLATILITY | The high ATR as a percentage value for TBBK suggests high volalility. |
| Average Directional Index/ADX (14) | 25.71 | POSITIVE | The high ADX value value for TBBK suggests a strong trend. |
58.57
+2.72 (+4.87%)
BANCORP INC/THE / TBBK FAQ
Can you provide the ChartMill technical rating for BANCORP INC/THE?
ChartMill assigns a technical rating of 0 / 10 to TBBK.
What is the trend direction for TBBK stock?
The current trend direction for BANCORP INC/THE (TBBK) is Bearish.
What is the RSI signal for BANCORP INC/THE (TBBK) stock?
BANCORP INC/THE (TBBK) has an RSI value of 40.5113. This indicates that the stock is currently neutral.
Can you provide the MACD signal for BANCORP INC/THE?
The MACD indicator for BANCORP INC/THE (TBBK) has a value of -0.684415, indicating a bearish trend.
Can you provide the buy/sell signal for BANCORP INC/THE?
The buy/sell signal for BANCORP INC/THE (TBBK) is sell as both the short term and long term trends are negative.