TOWNE BANK (TOWN) Stock Technical Analysis
NASDAQ:TOWN - US89214P1093 - Common Stock
36.18 USD
+0.22 (+0.61%)
36.2 USD
+0.02 (+0.06%)
Taking everything into account, TOWN scores 5 out of 10 in our technical rating. 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.
TOWN is part of the Banks industry. There are 391 other stocks in this industry, of which 61% are performing better than TOWN.
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!
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 35.01 - 37.68 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
When compared to the yearly performance of all other stocks, TOWN outperforms 57% of them, which is more or less in line with the market.
Volume is considerably higher in the last couple of days.
Although the technical rating is only medium, TOWN does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 36.41. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 35.91, a Stop Loss order could be placed below this zone.
More info and screens
30.29
38.03
We found 4 important support areas.
- A support zone ranging from 34.77 to 35.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 33.21 to 33.58. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @32.57 from a horizontal line in the daily time frame.
- Support @30.60 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 36.41 to 37.65. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 57.05 | 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) | 47.79 | NEUTRAL | The RSI value for TOWN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests TOWN has a negative trend. |
| Stochastics (14,3) | 47.55 | NEUTRAL | The Stochastics value for TOWN is a neutral value. |
| Average True Range in percent/ATR (20) | 2.13 | MEDIUM VOLATILITY | The ATR as a percentage value for TOWN suggests some volalility. |
| Average Directional Index/ADX (14) | 12.72 | 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)
36.18
+0.22 (+0.61%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg0.61%
1 Week-0.44%
2 Weeks-2.52%
1 Month-1.83%
3 Month8.15%
6 Month4.14%
12 Month6.96%
2 Year56.83%
3 Year34.03%
5 Year119.27%
10 Year90.77%
15 Year140.37%
Volatility
ATR(14)0.69
ATR(20)%2.13%
ATR Inc-10.47%
Range Today0.37
ADR(20)0.73
ADR(20)%2.01%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS57.05
Mansfield-0.57
10 Day High37.09
10 Day Low35.71
20 Day High37.68
20 Day Low35.01
52 Week High38.28
52 Week Low29.43
CS1 End35.91
CR1 Start36.41
Volume & EV
DER(3)0.36%
DER(5)2.25%
Volume321.82K
Volume Incr40.53%
Vol(5)481.02K
Vol(50)320.16K