COMMUNITY TRUST BANCORP INC (CTBI) Stock Technical Analysis
NASDAQ:CTBI - Nasdaq - US2041491083 - Common Stock - Currency: USD
We assign a technical rating of 7 out of 10 to CTBI. CTBI was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
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!
Looking at the yearly performance, CTBI did better than 85% of all other stocks. On top of that, CTBI also shows a nice and consistent pattern of rising prices.
CTBI is one of the better performing stocks in the Banks industry, it outperforms 74% of 401 stocks in the same industry.
In the last month CTBI has a been trading in the 51.76 - 56.96 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.
CTBI is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so CTBI is lagging the market slightly.
Besides having an excellent technical rating, CTBI also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 55.98. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 54.47, 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
46.90
61.52
3 important support areas can be observed.
- A support zone ranging from 52.15 to 52.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 49.71 to 49.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @47.37 from a trend line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 53.97 to 54.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @55.98 from a trend line in the daily time frame.
- Resistance @60.91 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.85
Mansfield0.78
10 Day High55.78
10 Day Low53.11
20 Day High56.96
20 Day Low51.76
52 Week High61.67
52 Week Low38.53
Performance
1 Week1.96%
2 Weeks-1.48%
1 Month2.19%
3 Month-6.37%
6 Month13.87%
12 Month33.72%
2 Year44.08%
3 Year32.72%
5 Year72%
10 Year64.9%
15 Year102%
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)
Technical Indicators
MACD(12,26,9)-0.12
RSI(14)50.88
LBB53.04
UBB56.66
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 54.48 | 53.96 | 0.52 (0.95%) | 25.00% |
| An entry @54.48. This is a Buy Stop order right above the 10 day moving average. | An exit @53.96. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.52 points, which is 0.95%. | For a 0.24% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of CTBI. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
NASDAQ:CTBI (3/4/2025, 3:28:41 PM)
53.94
-0.74 (-1.35%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-1.35%
1 Week1.96%
2 Weeks-1.48%
1 Month2.19%
3 Month-6.37%
6 Month13.87%
12 Month33.72%
2 Year44.08%
3 Year32.72%
5 Year72%
10 Year64.9%
15 Year102%
Volatility
ATR(14)1.16
ATR(20)%2.33%
ATR Inc-34.18%
Range Today1.24
ADR(20)1.19
ADR(20)%2.21%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.85
Mansfield0.78
10 Day High55.78
10 Day Low53.11
20 Day High56.96
20 Day Low51.76
52 Week High61.67
52 Week Low38.53
CS1 End54.47
CR1 Start55.98
Volume & EV
DER(3)-0.43%
DER(5)-0.02%
Volume28.03K
Volume Incr-28.22%
Vol(5)44.82K
Vol(50)63.59K