SERVISFIRST BANCSHARES INC. - Daily - Technical analysis published on 08/07/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
22%
56%
22%
My opinion
Bearish under 33.01 USD
My targets
30.10 USD (-0.50%)
24.65 USD (-18.51%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on SERVISFIRST BANCSHARES INC. as long as the price remains well below 33.01 USD. The sellers” bearish objective is set at 30.10 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 24.65 USD. In case of crossing, the next objective would be the support located at 17.48 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
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
SERVISFIRST BANCSHARES INC. rating 30.25 USD. On the day, this instrument lost -2.92% and was between 30.25 USD and 30.63 USD. This implies that the price is at 0% from its lowest and at -1.24% from its highest.30.25
30.63
30.25
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of SERVISFIRST BANCSHARES INC. indicates that the overall trend is strongly bearish. The signals given by moving averages are 89.29% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 4 are neutral and 10 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near support of channel
Type : Bullish
Timeframe : Daily
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Downside gap
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 17.48 | 24.65 | 30.10 | 30.25 | 33.01 | 34.67 | 36.35 |
Change (%) | -42.21% | -18.51% | -0.50% | - | +9.12% | +14.61% | +20.17% |
Change | -12.77 | -5.60 | -0.15 | - | +2.76 | +4.42 | +6.10 |
Level | Minor | Intermediate | Major | - | 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 | 29.49 | 29.97 | 30.45 | 30.93 | 31.41 | 31.89 | 32.37 |
Camarilla | 30.67 | 30.75 | 30.84 | 30.93 | 31.02 | 31.11 | 31.19 |
Woodie | 29.49 | 29.97 | 30.45 | 30.93 | 31.41 | 31.89 | 32.37 |
Fibonacci | 29.97 | 30.34 | 30.56 | 30.93 | 31.30 | 31.52 | 31.89 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 27.80 | 29.67 | 30.84 | 32.71 | 33.88 | 35.75 | 36.92 |
Camarilla | 31.16 | 31.44 | 31.72 | 32.00 | 32.28 | 32.56 | 32.84 |
Woodie | 27.44 | 29.50 | 30.48 | 32.54 | 33.52 | 35.58 | 36.56 |
Fibonacci | 29.67 | 30.84 | 31.55 | 32.71 | 33.88 | 34.59 | 35.75 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 28.77 | 30.13 | 32.10 | 33.46 | 35.43 | 36.79 | 38.76 |
Camarilla | 33.14 | 33.45 | 33.76 | 34.06 | 34.37 | 34.67 | 34.98 |
Woodie | 29.07 | 30.28 | 32.40 | 33.61 | 35.73 | 36.94 | 39.06 |
Fibonacci | 30.13 | 31.41 | 32.19 | 33.46 | 34.74 | 35.52 | 36.79 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
RSI (14): | 37.58 | |
MACD (12,26,9): | -0.3300 | |
Directional Movement: | -17.16 | |
AROON (14): | -28.57 | |
DEMA (21): | 32.52 | |
Parabolic SAR (0,02-0,02-0,2): | 34.37 | |
Elder Ray (13): | -1.80 | |
Super Trend (3,10): | 33.76 | |
Zig ZAG (10): | 31.16 | |
VORTEX (21): | 0.8200 | |
Stochastique (14,3,5): | 15.11 | |
TEMA (21): | 32.19 | |
Williams %R (14): | -82.45 | |
Chande Momentum Oscillator (20): | -1.84 | |
Repulse (5,40,3): | -1.1500 | |
ROCnROLL: | 2 | |
TRIX (15,9): | -0.0200 | |
Courbe Coppock: | 3.23 |
MA7: | 32.64 | |
MA20: | 32.96 | |
MA50: | 32.92 | |
MA100: | 33.37 | |
MAexp7: | 32.20 | |
MAexp20: | 32.83 | |
MAexp50: | 33.08 | |
MAexp100: | 33.49 | |
Price / MA7: | -7.32% | |
Price / MA20: | -8.22% | |
Price / MA50: | -8.11% | |
Price / MA100: | -9.35% | |
Price / MAexp7: | -6.06% | |
Price / MAexp20: | -7.86% | |
Price / MAexp50: | -8.56% | |
Price / MAexp100: | -9.67% |
News
The last news published on SERVISFIRST BANCSHARES INC. at the time of the generation of this analysis was as follows:
- ServisFirst Bancshares, Inc. Announces Results for Second Quarter of 2019
- ServisFirst Bancshares, Inc. to Host Earnings Call
- ServisFirst Bancshares, Inc. To Announce Second Quarter 2019 Financial Results July 15th
- ServisFirst Bancshares, Inc. Declares Second Quarter Cash Dividend
- ServisFirst Bank Announces Expansion into Southwest Florida
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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…
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