Taking everything into account, TBBK scores 5 out of 10 in our technical rating. In the last year, TBBK was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
Although the technical rating is only medium, TBBK does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. 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
52.34
4 important support areas can be observed.
- A support zone ranging from 67.52 to 68.12. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @64.43 from a trend line in the weekly time frame.
- A support zone ranging from 61.54 to 61.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @52.87 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- Resistance @69.34 from a horizontal line in the daily time frame.
- A resistance zone ranging from 78.74 to 79.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The short term trend for TBBK is up. |
| ChartMill Relative Strength | 68.7 | NEUTRAL | TBBK is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TBBK is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of TBBK is above 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) | 58.64 | NEUTRAL | The RSI value for TBBK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.48 | POSITIVE | The MACD value suggests TBBK has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 65.25 | NEUTRAL | The Stochastics value for TBBK is a neutral value. |
| Average True Range in percent/ATR (20) | 2.85 | MEDIUM VOLATILITY | The ATR as a percentage value for TBBK suggests some volalility. |
| Average Directional Index/ADX (14) | 18.46 | NEGATIVE | The low ADX value for TBBK suggests a weak or negative trend. |
68.87
+0.41 (+0.6%)
BANCORP INC/THE / TBBK FAQ
Can you provide the ChartMill technical rating for BANCORP INC/THE?
ChartMill assigns a technical rating of 5 / 10 to TBBK.
Can you provide the trend direction for BANCORP INC/THE?
The current trend direction for BANCORP INC/THE (TBBK) is Bullish.
Can you provide the RSI signal for BANCORP INC/THE?
BANCORP INC/THE (TBBK) has an RSI value of 58.6354. This indicates that the stock is currently neutral.
What is the buy/sell signal for BANCORP INC/THE (TBBK) stock?
The buy/sell signal for BANCORP INC/THE (TBBK) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for BANCORP INC/THE (TBBK) stock?
BANCORP INC/THE (TBBK) has a support level at 68.12 and a resistance level at 69.34. Check the full technical report for our detailed analysis of TBBK support and resistance levels.