TOWNE BANK (TOWN) Stock Technical Analysis
NASDAQ:TOWN - Nasdaq - US89214P1093 - Common Stock - Currency: USD
Overall TOWN gets a technical rating of 5 out of 10. In the last year, TOWN was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
In the last month TOWN has a been trading in the 34.15 - 37.59 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been consolidating recently, but much resistance may still be present above.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
When comparing the performance of all stocks over the past year, TOWN turns out to be only a medium performer in the overall market: it outperformed 59% of all stocks.
TOWN is an average performer in the Banks industry, it outperforms 60% of 393 stocks in the same industry.
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. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 35.16, a Stop Loss order could be placed below this zone.
More info and screens
30.09
38.01
We found 4 important support areas.
- A support zone ranging from 34.22 to 35.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @33.58 from a horizontal line in the daily time frame.
- Support @32.64 from a trend line in the weekly time frame.
- A support zone ranging from 30.39 to 30.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 35.45 to 36.00. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 36.98 to 37.63. 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 | UP | POSITIVE | The long term trend for TOWN is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TOWN is neutral. |
| ChartMill Relative Strength | 59.75 | NEUTRAL | TOWN is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TOWN is below 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) | 51.19 | NEUTRAL | The RSI value for TOWN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests TOWN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 30.43 | NEUTRAL | The Stochastics value for TOWN is a neutral value. |
| Average True Range in percent/ATR (20) | 2.08 | MEDIUM VOLATILITY | The ATR as a percentage value for TOWN suggests some volalility. |
| Average Directional Index/ADX (14) | 12.33 | NEGATIVE | The low ADX value for TOWN suggests a weak or negative trend. |
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)
35.3
+0.37 (+1.06%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg1.06%
1 Week2.35%
2 Weeks-0.87%
1 Month-0.25%
3 Month4.31%
6 Month-4.08%
12 Month12.78%
2 Year49.58%
3 Year23.9%
5 Year99.1%
10 Year92.27%
15 Year146.85%
Volatility
ATR(14)0.72
ATR(20)%2.08%
ATR Inc-21.84%
Range Today0.51
ADR(20)0.73
ADR(20)%2.07%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS59.75
Mansfield-0.58
10 Day High36.24
10 Day Low34.15
20 Day High37.59
20 Day Low34.15
52 Week High38.28
52 Week Low29.43
CS1 End35.16
CR1 Start35.45
Volume & EV
DER(3)-2.15%
DER(5)-0.33%
Volume148.10K
Volume Incr-25.42%
Vol(5)199.00K
Vol(50)263.05K