STOCK YARDS BANCORP INC (SYBT) Stock Technical Analysis
NASDAQ:SYBT - Nasdaq - US8610251048 - Common Stock - Currency: USD
We assign a technical rating of 7 out of 10 to SYBT. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
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, SYBT did better than 89% of all other stocks. We also observe that the gains produced by SYBT over the past year are nicely spread over this period.
SYBT is one of the better performing stocks in the Banks industry, it outperforms 91% of 405 stocks in the same industry.
SYBT 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 SYBT is lagging the market slightly.
In the last month SYBT has a been trading in the 71.39 - 77.81 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, SYBT also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 76.87. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 70.58, a Stop Loss order could be placed below this zone. 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
53.88
79.41
When analyzing the support we can see 4 important areas.
- A support zone ranging from 70.52 to 70.58. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @67.89 from a trend line in the daily time frame.
- A support zone ranging from 66.59 to 66.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @54.42 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 76.87 to 78.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.27
Mansfield1.5
10 Day High77.8
10 Day Low72.94
20 Day High77.81
20 Day Low71.39
52 Week High79.79
52 Week Low42.35
Performance
1 Week-3.28%
2 Weeks-5.88%
1 Month-1.61%
3 Month-4.17%
6 Month21.02%
12 Month58.57%
2 Year24.62%
3 Year36.41%
5 Year108.76%
10 Year229.55%
15 Year398.45%
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)-0.29
RSI(14)44.04
LBB72.64
UBB78.06
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 |
|---|---|---|---|
| 75.30 | 72.93 | 2.37 (3.15%) | 25.00% |
| An entry @75.30. This is a Buy Stop order right above the 10 day moving average. | An exit @72.93. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 2.37 points, which is 3.15%. | For a 0.79% 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 SYBT. 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.
72.94
-1.86 (-2.49%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-2.49%
1 Week-3.28%
2 Weeks-5.88%
1 Month-1.61%
3 Month-4.17%
6 Month21.02%
12 Month58.57%
2 Year24.62%
3 Year36.41%
5 Year108.76%
10 Year229.55%
15 Year398.45%
Volatility
ATR(14)2.19
ATR(20)%3.03%
ATR Inc4.08%
Range Today2.95
ADR(20)2.13
ADR(20)%2.92%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.27
Mansfield1.5
10 Day High77.8
10 Day Low72.94
20 Day High77.81
20 Day Low71.39
52 Week High79.79
52 Week Low42.35
CS1 End70.58
CR1 Start76.87
Volume & EV
DER(3)-0.46%
DER(5)0.71%
Volume112.30K
Volume Incr-43.55%
Vol(5)89.18K
Vol(50)149.87K