ALLEGIANCE BANCSHARES INC (ABTX) Stock Technical Analysis
NASDAQ:ABTX - US01748H1077 - Common Stock
41.63 USD
-0.36 (-0.86%)
41.63 USD
0 (0%)
Taking everything into account, ABTX scores 4 out of 10 in our technical rating. Although ABTX is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
In the last month ABTX has a been trading in the 40.50 - 45.93 range, which is quite wide. It is currently trading near the lows of this range.
ABTX is one of the better performing stocks in the Banks industry, it outperforms 96% of 393 stocks in the same industry.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
When comparing the yearly performance of all stocks, we notice that ABTX is one of the better performing stocks in the market, outperforming 90% of all stocks. However, this relatively good performance is mostly due to a recent big move.
ABTX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ABTX is lagging the market.
Volume is considerably higher in the last couple of days.
Although the technical rating is only medium, ABTX does present a nice setup opportunity. Prices have been consolidating lately. Another positive sign is the recent Pocket Pivot signal.
- 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
37.16
46.60
We found 3 important support areas.
- Support @39.30 from a trend line in the weekly time frame.
- A support zone ranging from 38.25 to 38.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @37.54 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 42.62 to 43.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @45.00 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 45.74 to 46.14. 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 ABTX is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ABTX is neutral. |
| ChartMill Relative Strength | 90.24 | POSITIVE | ABTX has a high relative strength, it outperformed 90.24% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ABTX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of ABTX is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of ABTX is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 40.87 | NEUTRAL | The RSI value for ABTX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.15 | NEGATIVE | The MACD value suggests ABTX has a negative trend. |
| Stochastics (14,3) | 32.03 | NEUTRAL | The Stochastics value for ABTX is a neutral value. |
| Average True Range in percent/ATR (20) | 3.45 | MEDIUM VOLATILITY | The ATR as a percentage value for ABTX suggests some volalility. |
| Average Directional Index/ADX (14) | 16.47 | NEGATIVE | The low ADX value for ABTX 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)
41.63
-0.36 (-0.86%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-0.86%
1 Week-5.17%
2 Weeks-5.13%
1 Month-1.7%
3 Month7.02%
6 Month-5.04%
12 Month6.31%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.54
ATR(20)%3.45%
ATR Inc10.44%
Range Today1.36
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.24
Mansfield1.84
10 Day High45.93
10 Day Low41.21
20 Day High45.93
20 Day Low40.5
52 Week High46.96
52 Week Low37.04
CS1 End39.3
CR1 Start42.62
Volume & EV
DER(3)-1.97%
DER(5)-4.95%
Volume1.61M
Volume Incr467.53%
Vol(5)445.82K
Vol(50)108.71K