The Golden Star. Read more.

SBNY - Signature Bank

Industry: Regional - Mid-Atlantic Banks Sector: Financial Exchange: NASDAQ

Fri 19'th Jan 2018

PERIOD 2017-10-20 - 2018-01-19
CHANGE 4.16%
PRICE $159.83
VOLUME
Sell
TREND
Buy

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Buy

Request Prediction
0.00%
Predict

Signature Bank Stock Analysis

Technical stock analysis for Fri 19'th Jan 2018

Shorts 3.03% ( 2017-12-29 )
Cash n/a
Loans n/a
Beta 1.14
ROA 0.98
Buy candidate since 2017-12-29 Gain 16.44%

Signature Bank gained 4.16% in the last trading day, rising from $153.44 to $159.83 , and has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. The price has risen in 7 of the last 10 days and is up by 12.62% over the past 2 weeks. Volume fell in the last day by -348 479 shares, and in total, 694 799 shares bought and sold for approximately $111.05 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.

Access today's Top 5 Strong Buy Candidates

Learn how to trade SBNY stocks

Trend

Signature Bank has broken the strong rising the short-term trend up and an even stronger rising rate is indicated. For any reaction back there will now be support on the roof on the current trend broken at $148.82, a level that may pose a second chance to hit a runner. According to fan-theory $159.32 will be the next possible trend-top level and thereby pose a resistance level which may not be broken at the first attempt.

Click here for today's Top 5 Trending Companies

Signals

Only positive signals in the chart today. Signature Bank holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $149.86 and $140.28. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday January 08, 2018, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and may be an early warning. The stock should be watched closely.

Access today's Top 5 Golden Star Companies

Relative Strength Index (RSI)

RSI14 is 88 and the stock is extremely overbought on RSI14, but may also ontinue to gain. Some stocks see their best performance while being overbought, but very seldom does RSI remain so high for a long time without short corrections. Risk has therefore increased and larger daily movements can be expected for the next couple of days.

Access full RSI 14 and RSI 21 lists

Support & Resistance

Signature Bank finds support from accumulated volume at $153.44. There is no resistance from accumulated volume above today's level and given the right condition the stock may perform very well during the next couple of days.

Support: $153.44 Price: $159.83

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $6.54 (4.26%) between high and low. For the last week, the stock has had a daily average volatility of 3.05%.

The stock is extremely overbought on RSI14 (88). Normally this will pose a good selling opportunity, but since the stock has broken the trend up the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.

Our recommended stoploss: $154.83 (-3.13%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 88 and this increases the risk substantially. There is a buy signal from pivot bottom found 8 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

Several short-term signals are positive and the stock has broke the rising trend up, which indicates an even stronger rising rate. We conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term period.

Buy SBNY CFDs with Plus500

Your capital is at risk.

Important: Plus500 doesn't offer signals and it is a CFD service.
Plus500UK Ltd is authorised and regulated by the Financial Conduct Authority (FRN 509909).

Access these features

Auto portfolios gaining up to 30%
Top 5 Candidates in all Lists
Ultimate List Builder
Ad-free browsing

Become a PRO Now
Help us IMPROVE our CHARTS HERE.

Recommended
books of the week

Last donation

Do you find our website useful too?
Help us improve by making a small donation or
Get PRO features

START FREE 5-DAY TRIAL