We assign a technical rating of 4 out of 10 to TOWN. TOWN has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
- TOWN is part of the Banks industry. There are 383 other stocks in this industry, of which 74% are performing better than TOWN.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- In the last month TOWN has a been trading in the 32.82 - 36.15 range, which is quite wide. It is currently trading near the high of this range.
- When compared to the yearly performance of all other stocks, TOWN outperforms 48% 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 currently trading near new highs, so TOWN is lagging the market.
TOWN has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 34.94, 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
32.13
We found 2 important support areas.
- A support zone ranging from 33.45 to 34.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 32.45 to 32.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- Resistance @35.49 from a trend line in the daily time frame.
- A resistance zone ranging from 36.39 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 | 48.57 | NEUTRAL | TOWN is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of TOWN is above a declining 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) | UP | POSITIVE | The current price of TOWN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57 | NEUTRAL | The RSI value for TOWN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests TOWN has a positive trend. |
| Stochastics (14,3) | 77.63 | NEUTRAL | The Stochastics value for TOWN is a neutral value. |
| Average True Range in percent/ATR (20) | 2.09 | MEDIUM VOLATILITY | The ATR as a percentage value for TOWN suggests some volalility. |
| Average Directional Index/ADX (14) | 21.65 | NEUTRAL | The ADX value for TOWN suggests a possible start of a new trend. |
35.07
-0.24 (-0.68%)
TOWNE BANK / TOWN 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.
What is the RSI signal for TOWNE BANK (TOWN) stock?
TOWNE BANK (TOWN) has an RSI value of 56.9992. This indicates that the stock is currently neutral.
What is the short term momentum for TOWNE BANK (TOWN) stock?
The short term momentum for TOWNE BANK (TOWN) is positive.