TOWNE BANK (TOWN)
US89214P1093 - Common Stock
Overall TOWN gets a technical rating of 7 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
When comparing the yearly performance of all stocks, we notice that TOWN is one of the better performing stocks in the market, outperforming 85% of all stocks. We also observe that the gains produced by TOWN over the past year are nicely spread over this period.
TOWN is part of the Banks industry. There are 406 other stocks in this industry. TOWN outperforms 78% of them.
TOWN is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so TOWN is lagging the market slightly.
In the last month TOWN has a been trading in the 31.88 - 35.10 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, TOWN also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 33.03, 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
25.69
35.21
We found 4 important support areas.
- A support zone ranging from 31.97 to 33.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @28.12 from a trend line in the weekly time frame.
- Strong support @26.55 from a horizontal line in the daily time frame.
- A support zone ranging from 25.95 to 25.95. This zone is formed by a combination of multiple trend lines in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 34.65 to 34.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.86
Mansfield0.24
10 Day High33.48
10 Day Low31.88
20 Day High35.1
20 Day Low31.88
52 Week High35.1
52 Week Low21.63
Performance
1 Week3.31%
2 Weeks-0.81%
1 Month-0.81%
3 Month11.4%
6 Month25.15%
12 Month46.84%
2 Year0.3%
3 Year4.82%
5 Year17.62%
10 Year117.94%
15 Year186.31%
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)-0.08
RSI(14)49.27
LBB31.76
UBB34.57
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 |
|---|---|---|---|
| 33.49 | 31.96 | 1.53 (4.57%) | 21.89% |
| An entry @33.49. This is a Buy Stop order right above the 10 day high. | An exit @31.96. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.53 points, which is 4.57%. | When investing 21.89% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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 (10/8/2024, 8:00:01 PM)
After market: 33.04 0 (0%)33.04
-0.2 (-0.6%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-0.6%
1 Week3.31%
2 Weeks-0.81%
1 Month-0.81%
3 Month11.4%
6 Month25.15%
12 Month46.84%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.71
ATR(20)%2.38%
ATR Inc
Range Today0.45
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 High33.48
10 Day Low31.88
20 Day High35.1
20 Day Low31.88
52 Week High35.1
52 Week Low21.63
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume124.10K
Volume Incr-20.1%
Vol(5)183.86K
Vol(50)233.56K