STOCK YARDS BANCORP INC. - Daily - Technical analysis published on 08/28/2019 (GMT)
- 287
- 0
- Who voted?
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Slightly bullish
Technical indicators
17%
50%
33%
My opinion
Bearish under 36.95 USD
My targets
35.66 USD (-0.25%)
34.76 USD (-2.77%)
My analysis
The strong short-term decline in STOCK YARDS BANCORP INC. calls into question the currently slightly bullish basic trend. A trend reversal is likely. As long as the price remains below the resistance located at 36.95 USD, one could consider taking advantage of the short-term movement. The first bearish objective is located at 35.66 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 34.76 USD as an objective. Crossing it would then enable sellers to target 32.21 USD. Be careful, a return to above 36.95 USD could jeopardize the reversal.
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The STOCK YARDS BANCORP INC. rating is 35.75 USD. On the day, this instrument gained +0.88% and was traded between 35.38 USD and 35.90 USD over the period. The price is currently at +1.05% from its lowest and -0.42% from its highest.35.38
35.90
35.75
A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this STOCK YARDS BANCORP INC. chart shows a slightly bullish trend. 57.14% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently given by short-term moving averages indicate that a trend reversal may be taking place. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : Daily
In fact, according to the parameters integrated into the Central Analyzer system, only 9 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Dark cloud cover
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 32.21 | 34.76 | 35.66 | 35.75 | 36.95 | 38.80 | 41.60 |
| Change (%) | -9.90% | -2.77% | -0.25% | - | +3.36% | +8.53% | +16.36% |
| Change | -3.54 | -0.99 | -0.09 | - | +1.20 | +3.05 | +5.85 |
| Level | Major | Major | Intermediate | - | Major | Major | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 34.34 | 34.87 | 35.16 | 35.69 | 35.98 | 36.51 | 36.80 |
| Camarilla | 35.21 | 35.29 | 35.37 | 35.44 | 35.52 | 35.59 | 35.67 |
| Woodie | 34.21 | 34.81 | 35.03 | 35.63 | 35.85 | 36.45 | 36.67 |
| Fibonacci | 34.87 | 35.19 | 35.38 | 35.69 | 36.01 | 36.20 | 36.51 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 32.58 | 33.80 | 34.46 | 35.68 | 36.34 | 37.56 | 38.22 |
| Camarilla | 34.59 | 34.77 | 34.94 | 35.11 | 35.28 | 35.46 | 35.63 |
| Woodie | 32.29 | 33.66 | 34.17 | 35.54 | 36.05 | 37.42 | 37.93 |
| Fibonacci | 33.80 | 34.52 | 34.97 | 35.68 | 36.40 | 36.85 | 37.56 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 31.30 | 32.88 | 35.57 | 37.15 | 39.84 | 41.42 | 44.11 |
| Camarilla | 37.08 | 37.47 | 37.86 | 38.25 | 38.64 | 39.03 | 39.42 |
| Woodie | 31.85 | 33.16 | 36.12 | 37.43 | 40.39 | 41.70 | 44.66 |
| Fibonacci | 32.88 | 34.51 | 35.52 | 37.15 | 38.78 | 39.79 | 41.42 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 48.04 | |
| MACD (12,26,9): | -0.1100 | |
| Directional Movement: | -5.87 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 36.07 | |
| Parabolic SAR (0,02-0,02-0,2): | 37.03 | |
| Elder Ray (13): | -0.40 | |
| Super Trend (3,10): | 37.89 | |
| Zig ZAG (10): | 35.90 | |
| VORTEX (21): | 0.8600 | |
| Stochastique (14,3,5): | 32.05 | |
| TEMA (21): | 35.74 | |
| Williams %R (14): | -60.27 | |
| Chande Momentum Oscillator (20): | -0.59 | |
| Repulse (5,40,3): | -0.2800 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 5.62 |
| MA7: | 35.94 | |
| MA20: | 36.35 | |
| MA50: | 35.95 | |
| MA100: | 35.24 | |
| MAexp7: | 35.85 | |
| MAexp20: | 36.12 | |
| MAexp50: | 35.91 | |
| MAexp100: | 35.49 | |
| Price / MA7: | -0.53% | |
| Price / MA20: | -1.65% | |
| Price / MA50: | -0.56% | |
| Price / MA100: | +1.45% | |
| Price / MAexp7: | -0.28% | |
| Price / MAexp20: | -1.02% | |
| Price / MAexp50: | -0.45% | |
| Price / MAexp100: | +0.73% |
News
The last news published on STOCK YARDS BANCORP INC. at the time of the generation of this analysis was as follows:
- Stock Yards Bancorp Declares Quarterly Cash Dividend of $0.25 Per Common Share
-
Stock Yards Bancorp
-
Stock Yards Bancorp
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis STOCK YARDS BANCORP INC. - Daily