TOWNE BANK (TOWN)
US89214P1093 - Common Stock
Overall TOWN gets a technical rating of 8 out of 10. TOWN has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, TOWN did better than 70% of all other stocks. On top of that, TOWN also shows a nice and consistent pattern of rising prices.
In the last month TOWN has a been trading in the 25.70 - 28.46 range, which is quite wide. It is currently trading near the high of this range.
TOWN is part of the Banks industry. There are 411 other stocks in this industry, TOWN did better than 58% of them.
TOWN is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so TOWN is lagging the market.
TOWN has an excellent technical rating, but the quality of the setup is 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
21.40
30.48
4 important support areas can be observed.
- Support @28.15 from a horizontal line in the daily time frame.
- A support zone ranging from 27.05 to 27.56. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 25.83 to 26.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @21.62 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- Resistance @29.19 from a trend line in the weekly time frame.
- Resistance @30.18 from a horizontal line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS70.46
Mansfield-0.41
10 Day High28.47
10 Day Low26.86
20 Day High28.47
20 Day Low25.7
52 Week High31.08
52 Week Low21.63
Performance
1 Week3.24%
2 Weeks3.81%
1 Month4.96%
3 Month2.13%
6 Month3.89%
12 Month25.45%
2 Year-3.87%
3 Year-11.52%
5 Year11.75%
10 Year81.67%
15 Year73.87%
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)
Technical Indicators
MACD(12,26,9)0.13
RSI(14)63.73
LBB26.18
UBB28.44
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 |
|---|---|---|---|
| 29.20 | 28.14 | 1.06 (3.63%) | 25.00% |
| An entry @29.20. This is a Buy Stop order right above the resistance zone. | An exit @28.14. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.06 points, which is 3.63%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.91%. |
- 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.
TOWNE BANK
NASDAQ:TOWN (5/17/2024, 7:00:01 PM)
After market: 28.34 0 (0%)28.34
+0.39 (+1.4%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg1.4%
1 Week3.24%
2 Weeks3.81%
1 Month4.96%
3 Month2.13%
6 Month3.89%
12 Month25.45%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.56
ATR(20)%2.15%
ATR Inc
Range Today0.54
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High28.47
10 Day Low26.86
20 Day High28.47
20 Day Low25.7
52 Week High31.08
52 Week Low21.63
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume215.50K
Volume Incr34.48%
Vol(5)329.06K
Vol(50)269.77K