TOWNE BANK (TOWN) Stock Technical Analysis
NASDAQ:TOWN - Nasdaq - US89214P1093 - Common Stock - Currency: USD
Overall TOWN gets a technical rating of 8 out of 10. In the last year, TOWN was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, TOWN did better than 74% of all other stocks.
TOWN is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
TOWN is an average performer in the Banks industry, it outperforms 45% of 397 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.
Although TOWN has an excellent technical rating, the quality of the presented setup is not ideal 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
30.09
38.01
4 important support areas can be observed.
- A support zone ranging from 34.30 to 34.40. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 33.31 to 33.42. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @32.19 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.
- Resistance @35.44 from a horizontal line in the daily time frame.
- A resistance zone ranging from 36.97 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 | UP | POSITIVE | The short term trend for TOWN is up. |
| ChartMill Relative Strength | 74.29 | POSITIVE | TOWN has a high relative strength, it outperformed 74.29% off all stocks 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) | UP | POSITIVE | The current price of TOWN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.44 | NEUTRAL | The RSI value for TOWN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.16 | POSITIVE | The MACD value suggests TOWN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 85.42 | OVERBOUGHT | The high Stochastics value suggests TOWN may be overbought. |
| Average True Range in percent/ATR (20) | 2.1 | MEDIUM VOLATILITY | The ATR as a percentage value for TOWN suggests some volalility. |
| Average Directional Index/ADX (14) | 18.54 | 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)
35.39
-0.56 (-1.56%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-1.56%
1 Week-1.69%
2 Weeks2.76%
1 Month3.36%
3 Month15.5%
6 Month10.15%
12 Month19.32%
2 Year39.99%
3 Year18.48%
5 Year100.62%
10 Year100.51%
15 Year129.81%
Volatility
ATR(14)0.8
ATR(20)%2.1%
ATR Inc83.46%
Range Today0.36
ADR(20)0.7
ADR(20)%1.97%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS74.29
Mansfield-0.4
10 Day High36.22
10 Day Low33.99
20 Day High36.22
20 Day Low32.46
52 Week High38.28
52 Week Low29.43
CS1 End34.4
CR1 Start35.44
Volume & EV
DER(3)-1.37%
DER(5)-1.44%
Volume252.70K
Volume Incr-5.64%
Vol(5)259.20K
Vol(50)249.20K