State Bank Financial Corporation. Stock Analysis
Technical stock analysis for Wed 12'th Dec 2018
State Bank Financial Corporation. gained 2.07% in the last trading day, rising from $23.20 to $23.68 The price has been going up and down for this period, and there has been a -1.17% loss for the last 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 23 196 more shares were traded than the day before. In total, 269 807 shares bought and sold for approximately $6.39 million.
State Bank Financial Corporation. lies the upper part of a very wide and falling trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $23.79 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -27.10% during the next 3 months and, with 90% probability hold a price between $13.80 and $17.34 at the end of this period.
A buy signal was issued from a pivot bottom point on Tuesday December 11, 2018, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. State Bank Financial Corporation. holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $24.55. On a fall, the stock will find some support from the short-term average at $23.58. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal.
Relative Strength Index (RSI)
RSI14 is 44 and the stock is currently not being overbought or oversold
Support & Resistance
State Bank Financial Corporation. finds support from accumulated volume at $23.64.
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 $0.80 (3.44%) between high and low. For the last week, the stock has had a daily average volatility of 3.80%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
Very Low Low Medium High Very High
State Bank Financial Corporation. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
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