TOWNE BANK (TOWN) Stock Technical Analysis
USA - NASDAQ:TOWN - US89214P1093 - Common Stock
Overall TOWN gets a technical rating of 0 out of 10. TOWN'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.
Although the technical rating is bad, TOWN does present a nice setup opportunity. Prices have been consolidating lately.
More info and screens
31.73
We found 1 important support area.
- Support @32.05 from a trend line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 32.79 to 33.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @35.32 from a horizontal line in the daily time frame.
- A resistance zone ranging from 36.97 to 37.51. 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 | DOWN | NEGATIVE | The long term trend for TOWN is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for TOWN is down. |
| ChartMill Relative Strength | 26.87 | NEGATIVE | TOWN has a low relative strength, it was outperformed by 73.13% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TOWN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of TOWN is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of TOWN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 40.39 | NEUTRAL | The RSI value for TOWN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests TOWN has a negative trend. |
| Stochastics (14,3) | 19.07 | OVERSOLD | The low Stochastics value suggests TOWN may be oversold. |
| Average True Range in percent/ATR (20) | 2.07 | MEDIUM VOLATILITY | The ATR as a percentage value for TOWN suggests some volalility. |
| Average Directional Index/ADX (14) | 28.18 | POSITIVE | The high ADX value value for TOWN suggests a strong trend. |
32.33
+0.04 (+0.12%)
TOWNE BANK / TOWN FAQ
What is the technical rating for TOWN stock?
ChartMill assigns a technical rating of 0 / 10 to TOWN.
What is the trend direction for TOWN stock?
The current trend direction for TOWNE BANK (TOWN) is Bearish.
What is the RSI signal for TOWNE BANK (TOWN) stock?
TOWNE BANK (TOWN) has an RSI value of 40.389. This indicates that the stock is currently neutral.
Can you provide the MACD signal for TOWNE BANK?
The MACD indicator for TOWNE BANK (TOWN) has a value of -0.0122533, indicating a bearish trend.
What is the buy/sell signal for TOWN stock?
The buy/sell signal for TOWNE BANK (TOWN) is sell as both the short term and long term trends are negative.