BANCORP INC/THE (TBBK) Stock Technical Analysis
USA - NASDAQ:TBBK - US05969A1051 - Common Stock
Taking everything into account, TBBK scores 1 out of 10 in our technical rating. TBBK has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
TBBK has a poor technical rating and the quality of the setup is also only medium 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
49.24
We found 3 important support areas.
- A support zone ranging from 61.48 to 61.53. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @51.58 from a trend line in the weekly time frame.
- Support @49.74 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- Resistance @64.34 from a horizontal line in the daily time frame.
- Resistance @79.60 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 TBBK is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for TBBK is down. |
| ChartMill Relative Strength | 53.93 | NEUTRAL | TBBK is not amongst the best or worst performers 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 | POSITIVE | The current price of TBBK is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 32.89 | NEUTRAL | The RSI value for TBBK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.65 | NEGATIVE | The MACD value suggests TBBK has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 8.47 | OVERSOLD | The low Stochastics value suggests TBBK may be oversold. |
| Average True Range in percent/ATR (20) | 4.58 | MEDIUM VOLATILITY | The ATR as a percentage value for TBBK suggests some volalility. |
| Average Directional Index/ADX (14) | 25.87 | POSITIVE | The high ADX value value for TBBK suggests a strong trend. |
61.54
-0.58 (-0.93%)
BANCORP INC/THE / TBBK FAQ
Can you provide the ChartMill technical rating for BANCORP INC/THE?
ChartMill assigns a technical rating of 1 / 10 to TBBK.
Can you provide the trend direction for BANCORP INC/THE?
The current trend direction for BANCORP INC/THE (TBBK) is Bearish.
Can you provide the RSI signal for BANCORP INC/THE?
BANCORP INC/THE (TBBK) has an RSI value of 32.891. This indicates that the stock is currently neutral.
What are the support and resistance levels for BANCORP INC/THE (TBBK) stock?
BANCORP INC/THE (TBBK) has a support level at 61.53 and a resistance level at 64.34. Check the full technical report for our detailed analysis of TBBK support and resistance levels.