Technical Analysis for TOWN - Towne Bank

Grade Last Price % Change Price Change
grade C 26.01 1.01% 0.26
TOWN closed down 1.11 percent on Thursday, May 23, 2019, on 1.23 times normal volume. The stock fell below its 50 day moving average, damaging its intermediate-term outlook by crossing under that important trendline. The price action carved out a bullish hammer (or hammer-like) candlestick pattern. That may indicate an upside reversal. Look for price to trade above the high of the hammer for confirmation.

Trend Table & Recent Signals
ADX Long-Term Intermediate-Term Short-Term
Weak or Absent Down Flat Flat
See historical TOWN trend table...

Date Alert Name Type % Chg
Fell Below 50 DMA Bearish 1.01%
Hammer Candlestick Bullish 1.01%
Bollinger Band Squeeze Range Contraction 1.01%
BB Squeeze + Lower Band Touch Range Contraction 1.01%
Gapped Down Weakness 1.01%
Lower Bollinger Band Touch Weakness 1.01%
Fell Below 20 DMA Bearish -0.12%
50 DMA Support Bullish -0.12%
Bollinger Band Squeeze Range Contraction -0.12%
BB Squeeze Started Range Contraction -0.12%

Older signals for TOWN ...

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Profile
TowneBank, through its subsidiaries, provides retail and commercial banking products and services in the Greater Hampton Roads region in southeastern Virginia. The company operates in three segments: Banking, Realty, and Insurance. The Banking segment provides various deposits products, including checking accounts, demand deposits, negotiable order of withdrawal accounts, savings accounts, money rate savings, certificates of deposit, and individual retirement accounts; personal loans, including secured and unsecured loans for financing automobiles, home improvements, education, and personal investments; commercial loans comprising secured and unsecured loans for working capital, business expansion, and equipment and machinery purchases; and fixed- and floating-rate mortgage loans, as well as real estate construction and acquisition loans. This segment also provides safe deposit boxes, cash management services, travelers' checks, direct deposit of payroll and social security checks, and automatic drafts for various accounts, as well as Internet and on-call banking services. In addition, it offers documentation to accomplish tax deferral to investors; and financial, retirement, and estate planning services, as well as assistance on various investment options, including alternative investments, annuities, margin accounts, convertible bonds, and pension and profit sharing plans. The Realty segment provides residential real estate, resort property management, and commercial residential title insurance services, as well as originates mortgage loans. The Insurance segment provides life, property, casualty, and vehicle insurance services; travel, medical, and baggage protection insurance for travelers; and employee benefit programs, including medical, dental, vision, and disability insurance, as well as serves as an administrator for health care and dependent care flexible benefit plans. The company was founded in 1998 and is headquartered in Portsmouth, Virginia.
Financial Services Banking Bank Economic History Of Italy Texas Capital Bank Mortgage Loan Loans Commercial Bank Cash Management Services Legacytexas Bank Residential Real Estate Real Estate Construction Disability Insurance Retail And Commercial Banking Products Deposits Products Estate Planning Services
Is TOWN a Buy, Sell or Hold?
Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength
Summary: Counts: 0 bullish, 2 bearish and 3 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 33.85
52 Week Low 22.88
Average Volume 104,376
200-Day Moving Average 27.7441
50-Day Moving Average 26.0012
20-Day Moving Average 26.2295
10-Day Moving Average 26.02
Average True Range 0.5442
ADX 12.95
+DI 14.1374
-DI 26.7575
Chandelier Exit (Long, 3 ATRs ) 25.4974
Chandelier Exit (Short, 3 ATRs ) 26.9426
Upper Bollinger Band 26.9473
Lower Bollinger Band 25.5117
Percent B (%b) 0.17
BandWidth 5.473227
MACD Line -0.0715
MACD Signal Line -0.0241
MACD Histogram -0.0475
Fundamentals Value
Market Cap 1.59 Billion
Num Shares 61.9 Million
EPS 1.46
Price-to-Earnings (P/E) Ratio 17.64
Price-to-Sales 5.01
Price-to-Book 1.93
PEG Ratio 0.00
Dividend 0.56
Dividend Yield 2.17%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 26.43
Resistance 3 (R3) 26.41 26.15 26.32
Resistance 2 (R2) 26.15 25.98 26.17 26.28
Resistance 1 (R1) 25.95 25.87 25.83 25.98 26.24
Pivot Point 25.70 25.70 25.64 25.71 25.70
Support 1 (S1) 25.50 25.52 25.37 25.52 25.26
Support 2 (S2) 25.24 25.42 25.26 25.22
Support 3 (S3) 25.04 25.24 25.18
Support 4 (S4) 25.07