SHORE BANCSHARES INC (SHBI) Stock Technical Analysis
NASDAQ:SHBI - Nasdaq - US8251071051 - Common Stock - Currency: USD
Overall SHBI gets a technical rating of 5 out of 10. In the last year, SHBI was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.
In the last month SHBI has a been trading in the 15.29 - 17.24 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
Looking at the yearly performance, SHBI did better than 81% of all other stocks.
SHBI is one of the better performing stocks in the Banks industry, it outperforms 70% of 405 stocks in the same industry.
SHBI 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 SHBI is lagging the market slightly.
SHBI has an average technical rating and it also does not offer a high quality setup 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
10.83
17.60
When analyzing the support we can see 3 important areas.
- A support zone ranging from 15.28 to 15.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 14.41 to 14.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @10.94 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 15.78 to 16.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @17.43 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
CRS81.09
Mansfield0.62
10 Day High17.17
10 Day Low15.29
20 Day High17.24
20 Day Low15.29
52 Week High17.61
52 Week Low10.06
Performance
1 Week-7.27%
2 Weeks-7.83%
1 Month-1.67%
3 Month-7.55%
6 Month8.36%
12 Month34.8%
2 Year-10.32%
3 Year-27.42%
5 Year-1.67%
10 Year65.58%
15 Year35.16%
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)-0.09
RSI(14)36.81
LBB15.52
UBB16.98
15.3
-0.62 (-3.89%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-3.89%
1 Week-7.27%
2 Weeks-7.83%
1 Month-1.67%
3 Month-7.55%
6 Month8.36%
12 Month34.8%
2 Year-10.32%
3 Year-27.42%
5 Year-1.67%
10 Year65.58%
15 Year35.16%
Volatility
ATR(14)0.51
ATR(20)%3.41%
ATR Inc26.86%
Range Today0.94
ADR(20)0.51
ADR(20)%3.33%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS81.09
Mansfield0.62
10 Day High17.17
10 Day Low15.29
20 Day High17.24
20 Day Low15.29
52 Week High17.61
52 Week Low10.06
CS1 End15.29
CR1 Start15.78
Volume & EV
DER(3)-1.71%
DER(5)-0.95%
Volume216.70K
Volume Incr-6.01%
Vol(5)162.60K
Vol(50)133.19K