BANCORP INC/THE (TBBK) Stock Technical Analysis
NASDAQ:TBBK - Nasdaq - US05969A1051 - Common Stock - Currency: USD
We assign a technical rating of 9 out of 10 to TBBK. Both in the recent history as in the last year, TBBK has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
Looking at the yearly performance, TBBK did better than 85% of all other stocks.
TBBK is part of the Banks industry. There are 392 other stocks in this industry. TBBK outperforms 91% of them.
TBBK 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 TBBK is lagging the market slightly.
In the last month TBBK has a been trading in the 59.53 - 70.63 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, TBBK 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 62.48, a Stop Loss order could be placed below this zone.
More info and screens
47.51
70.32
We found 4 important support areas.
- A support zone ranging from 62.48 to 62.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 56.12 to 56.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @49.74 from a horizontal line in the daily time frame.
- Support @47.99 from a trend line in the weekly time frame.
We found 1 important resistance area.
- Resistance @69.62 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 | UP | POSITIVE | The long term trend for TBBK is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TBBK is neutral. |
| ChartMill Relative Strength | 85.19 | POSITIVE | TBBK has a high relative strength, it outperformed 85.19% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of TBBK is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TBBK is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TBBK is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.21 | NEUTRAL | The RSI value for TBBK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.86 | NEGATIVE | The MACD value suggests TBBK has a negative trend. |
| Stochastics (14,3) | 40.54 | NEUTRAL | The Stochastics value for TBBK is a neutral value. |
| Average True Range in percent/ATR (20) | 4.16 | MEDIUM VOLATILITY | The ATR as a percentage value for TBBK suggests some volalility. |
| Average Directional Index/ADX (14) | 28.57 | POSITIVE | The high ADX value value for TBBK suggests a strong 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 |
|---|---|---|---|
| 64.31 | 62.47 | 1.84 (2.86%) | 25.00% |
| An entry @64.31. This is a Buy Stop order right above the 10 day moving average. | An exit @62.47. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.84 points, which is 2.86%. | For a 0.72% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of TBBK. 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.
62.76
-2.09 (-3.22%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-3.22%
1 Week-0.37%
2 Weeks-9.7%
1 Month1.93%
3 Month22.01%
6 Month1.78%
12 Month33.76%
2 Year70.96%
3 Year164.59%
5 Year560.63%
10 Year755.04%
15 Year877.57%
Volatility
ATR(14)2.64
ATR(20)%4.16%
ATR Inc-24.64%
Range Today2.62
ADR(20)2.45
ADR(20)%3.91%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.19
Mansfield0.72
10 Day High70.32
10 Day Low59.53
20 Day High70.63
20 Day Low59.53
52 Week High70.63
52 Week Low40.51
CS1 End62.48
CR1 Start69.62
Volume & EV
DER(3)-1.67%
DER(5)-0.65%
Volume580.10K
Volume Incr-20.68%
Vol(5)712.54K
Vol(50)682.93K