TRIUMPH BANCORP INC (TBK) Technical Analysis
NASDAQ:TBK • US89679E3009
Current stock price
TBK Technical Rating and Analysis
Overall TBK gets a technical rating of 3 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. TBK was also a bad performer in the overall market in the last year.
- 76% of all other stocks performed better in the past year than TBK.
- TBK is one of the lesser performing stocks in the Banks industry. 87% of 381 stocks in the same industry do better.
- TBK is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so TBK is lagging the market.
- TBK is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
TBK Weekly and Daily overview Charts
TBK Setup Rating and Analysis
TBK has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 58.73, a Stop Loss order could be placed below this zone. 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
TBK Support and Resistance Analysis
56.59
We found 1 important support area.
- A support zone ranging from 57.16 to 58.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 59.00 to 60.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @71.98 from a trend line in the daily time frame.
- Resistance @74.03 from a horizontal line in the daily time frame.
TBK Technical Indicator Signal Analysis
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 TBK is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TBK is up. |
| ChartMill Relative Strength | 24.1 | NEGATIVE | TBK has a low relative strength, it was outperformed by 75.9% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TBK is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of TBK is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of TBK is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.79 | NEUTRAL | The RSI value for TBK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests TBK has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 54.77 | NEUTRAL | The Stochastics value for TBK is a neutral value. |
| Average True Range in percent/ATR (20) | 4.03 | MEDIUM VOLATILITY | The ATR as a percentage value for TBK suggests some volalility. |
| Average Directional Index/ADX (14) | 22.47 | NEUTRAL | The ADX value for TBK suggests a possible start of a new trend. |
TBK Chart- and CandleStick Pattern Analysis
TBK Technicals: Chart, Performance Metrics, Trend & Indicators
58.74
-1.02 (-1.71%)
TRIUMPH BANCORP INC / TBK TA FAQ
What is the technical rating for TBK stock?
ChartMill assigns a technical rating of 3 / 10 to TBK.
Can you provide the trend direction for TRIUMPH BANCORP INC?
The current trend direction for TRIUMPH BANCORP INC (TBK) is Bearish.
Can you provide the RSI signal for TRIUMPH BANCORP INC?
TRIUMPH BANCORP INC (TBK) has an RSI value of 54.7937. This indicates that the stock is currently neutral.
What is the buy/sell signal for TRIUMPH BANCORP INC (TBK) stock?
The buy/sell signal for TRIUMPH BANCORP INC (TBK) is hold as the short term and long term trends are mixed.
Can you provide the support and resistance levels for TRIUMPH BANCORP INC?
TRIUMPH BANCORP INC (TBK) has a support level at 58.73 and a resistance level at 59. Check the full technical report for our detailed analysis of TBK support and resistance levels.