Overall TOWN gets a technical rating of 4 out of 10. In the past year, TOWN was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
TOWN has an average technical rating and it also does not offer a high quality setup 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
31.89
When analyzing the support we can see 3 important areas.
- Support @35.32 from a horizontal line in the daily time frame.
- A support zone ranging from 32.82 to 34.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @32.21 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 36.97 to 37.65. 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 | NEUTRAL | NEUTRAL | The long term trend for TOWN is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TOWN is up. |
| ChartMill Relative Strength | 36.38 | NEUTRAL | TOWN is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TOWN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TOWN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of TOWN is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 69.61 | NEUTRAL | The RSI value for TOWN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.24 | POSITIVE | The MACD value suggests TOWN has a positive trend. |
| Stochastics (14,3) | 92.69 | OVERBOUGHT | The high Stochastics value suggests TOWN may be overbought. |
| Average True Range in percent/ATR (20) | 1.9 | LOW VOLATILITY | The low ATR as a percentage value for TOWN suggests low volalility. |
| Average Directional Index/ADX (14) | 30.07 | POSITIVE | The high ADX value value for TOWN suggests a strong trend. |
35.48
+0.09 (+0.25%)
TOWNE BANK / TOWN FAQ
What is the technical rating for TOWN stock?
ChartMill assigns a technical rating of 4 / 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 69.6084. 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 0.238242, indicating a bearish trend.