TOWNE BANK (TOWN) Technical Analysis
NASDAQ:TOWN • US89214P1093
Current stock price
TOWN Technical Rating and Analysis
Overall TOWN gets a technical rating of 4 out of 10. TOWN has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
- TOWN is one of the lesser performing stocks in the Banks industry. 76% of 380 stocks in the same industry do better.
- In the last month TOWN has a been trading in the 32.08 - 34.64 range, which is quite wide. It is currently trading near the high of this range.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- When compared to the yearly performance of all other stocks, TOWN outperforms 52% of them, which is more or less in line with the market.
- TOWN is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so TOWN is lagging the market slightly.
TOWN Weekly and Daily overview Charts
TOWN Setup Rating and Analysis
Although the technical rating is only medium, TOWN does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 33.58, a Stop Loss order could be placed below this zone.
More info and screens
TOWN Support and Resistance Analysis
32.16
We found 1 important support area.
- A support zone ranging from 32.48 to 33.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
2 important resistance areas can be observed.
- Resistance @36.97 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 37.64 to 37.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
TOWN 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 | NEUTRAL | NEUTRAL | The long term trend for TOWN is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TOWN is neutral. |
| ChartMill Relative Strength | 52.9 | 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) | DOWN | NEGATIVE | The current price of TOWN is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of TOWN is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.86 | NEUTRAL | The RSI value for TOWN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.23 | POSITIVE | The MACD value suggests TOWN has a positive trend. |
| Stochastics (14,3) | 85.85 | OVERBOUGHT | The high Stochastics value suggests TOWN may be overbought. |
| Average True Range in percent/ATR (20) | 2.25 | MEDIUM VOLATILITY | The ATR as a percentage value for TOWN suggests some volalility. |
| Average Directional Index/ADX (14) | 18.13 | NEGATIVE | The low ADX value for TOWN suggests a weak or negative trend. |
TOWN Chart- and CandleStick Pattern Analysis
TOWN Technicals: Chart, Performance Metrics, Trend & Indicators
34.48
+0.58 (+1.71%)
TOWNE BANK / TOWN TA FAQ
What is the technical rating for TOWN stock?
ChartMill assigns a technical rating of 4 / 10 to TOWN.
Can you provide the trend direction for TOWNE BANK?
The current trend direction for TOWNE BANK (TOWN) is Bearish.
Can you provide the RSI signal for TOWNE BANK?
TOWNE BANK (TOWN) has an RSI value of 58.862. This indicates that the stock is currently neutral.
What is the MACD signal for TOWNE BANK (TOWN) stock?
The MACD indicator for TOWNE BANK (TOWN) has a value of 0.233918, indicating a bearish trend.
Can you provide the short term momentum for TOWNE BANK?
The short term momentum for TOWNE BANK (TOWN) is neutral.