Community Trust Bancorp, Inc. ($CTBI) vs Pacific Mercantile Bancorp ($PMBC)

2019-08-20 | Welcome! Today we compared how two different stocks in the Major Banks industry are trading: Community Trust Bancorp, Inc. and Pacific Mercantile Bancorp. While these two companies may have very different market capitalizations and balance sheets, they are worth comparing given how they are in the same sector. Below you’ll see how the different technical indicators differ between these two stocks, and we’ll also show what Trading View thinks of them based on the technical analysis. But before we get ahead of ourselves, please note that this is technical analysis only (ie. analyzing how these companies are trading, not digging into the company fundamentals), and therefore you should not rely only on this to guide you on whether you should buy or sell anything – take it with a grain of salt only, and pay attention to the disclaimer below. With that said, many traders find value in technical analysis and others even swear by it, so if that is you, I hope my analysis will be of use to you. Let’s get to it…

First things first: during its last day of trading, Community Trust Bancorp, Inc. opened at 39.59, got to a maximum price of 40.61 and dropped to as low as 39.52 before finishing the session at 40.52. In total there were 30800 shares traded, which is enough to conduct our analysis. Compare that now to Pacific Mercantile Bancorp, which opened at 7.68, had a high of 7.7, a low of 7.51, closed at 7.68 and had a total volume of 10500.

VOLUME ANALYSIS: Generally, the higher the volume indicators are, the better – you need liquidity to trade, after all. All of the volume indicators are as follows… (click here for an explanation on volume)

Volume Indicator Community Trust Bancorp, Inc. Pacific Mercantile Bancorp
Accumulation-distribution index 244.3909 184.08
on-balance volume -39.14 7.64
chaikin money flow

1.13725 18.0
force index

0.4224 -0.0072
ease of movement rating

0.00276 8e-05
volume-price trend

-1.3709 -0.36077
negative volume index

1000.0 1000.0

VOLATILITY ANALYSIS: Now to compare the volatility between these two companies… (click here for an explanation on volatility)

Volatility Indicator Community Trust Bancorp, Inc. Pacific Mercantile Bancorp
Average true range 0.50879 0.08926
Bolinger bands 40.01368 7.68228
Upper bollinger band 38.48632 7.42772
Lower bollinger band

39.52 7.51
Bollinger high band indicator

1.0 1.0
Bollinger high low indicator

1.0 1.0
Central keltner channel

39.90667 7.63
High band keltner channel

38.88667 7.61
Low band keltner channel

40.92667 7.65
High band keltner channel indicator

1.0 1.0
Low band keltner channel indicator

1.0 1.0
Donchain channel high band

39.52 7.51
Donchain channel low band

39.52 7.51
Donchain channel high band indicator

1.0 1.0
Donchain channel low band indicator

1.0 1.0

TREND ANALYSIS: Now for the most interesting and detailed part, the trend. Where is the stock actually going? Let’s compare the indicators… (click here for an explanation on trend)

Trend Indicator Community Trust Bancorp, Inc. Pacific Mercantile Bancorp
Moving Average Convergence Divergence (MACD) trend_macd 0.00202
MACD signal -0.00673 0.00112
MACD difference -0.00538 0.0009
fast Exponential Moving Average (EMA) indicator

39.52 7.51
slow Exponential Moving Average (EMA) indicator

39.52 7.51
Average Directional Movement Index (ADX)

unknown unknown
ADX positive

20.0 20.0
ADX negative

20.0 20.0
positive Vortex Indicator (VI)

1.0 1.0
negative VI

1.0 1.0
trend vortex difference

0.05135 0.15528

-2.52397 -4.2052
Mass Index (MI)

1.0 1.0
Commodity Channel Index (CCI)

-66.66667 66.66667
Detrended Price Oscillator (DPO)

1.38047 0.3685
KST Oscillator (KST)

-33.75186 -46.77323
KST Oscillator (KST Signal)

-33.75186 -46.77323
KST difference

-3.3007 2.85587
Ichimoku rating

40.1 7.69
Ichimoku B rating

40.1 7.69
Ichimoku visual trend A

41.43595 7.97561
Ichimoku visual trend B

41.19416 7.94235
Aroon Indicator (AI)

4.0 4.0
AI indicator down

4.0 4.0
AI difference

-4.0 4.0

MOMENTUM ANALYSIS: What about momentum? Let’s dive into it… (click here for an explanation on momentum)

Momentum Indicator Community Trust Bancorp, Inc. Pacific Mercantile Bancorp
Relative Strength Index (RSI) 50.0 50.0
Money Flow Index (MFI) 33.22683 49.9022
True Strength Index (TSI) -100.0 -100.0
ultimate oscillator

-375.25777 -106.44079
stochastic oscillator

106.86275 950.0
stochastic oscillator signal

106.86275 950.0
Williams %R rating

6.86275 850.0
awesome oscillator

0.04783 -0.00642

RETURNS: That’s all for technical analysis. Now let’s just list the returns for Community Trust Bancorp, Inc. and Pacific Mercantile Bancorp.

Daily return -3.37519 -4.67732
Daily log return -1.37582 1.19128
Cumulative return -1.3664 1.1984

So there you have it: our deep, grueling analysis comparing Community Trust Bancorp, Inc. and Pacific Mercantile Bancorp together. But what does all of the above mean? Various technical indicators above are positive, while others are negative, and if we want to decide overall if the technical analysis indicates a bullish or bearish chart, we have to consider all of them together. That’s what the Trading View widget below can do, so let’s see what it says considering all these indicators. First, here’s Community Trust Bancorp, Inc.:

The verdict above will consider all these technical indicators and consider which are strong and weak, and then put them all together to come up with a conclusion stating whether CTBI is strong or weak. Again – this is not a reliable indication of whether Community Trust Bancorp, Inc. is a good investment! None of these indicators consider the company fundamentals. All of this data is based on how it trades only. Now with that out of the way, let’s compare it with Pacific Mercantile Bancorp

So there you have it. We hope you have found this analysis useful, and if you see any errors or have any feedback, please comment below.

How can you profit off trading these 2 companies and other stocks like it? First, check out the Beat The Market Analyzer software – this is worth its weight in gold. Some other great services for earning income from trading and investing are Dividend Stocks (an outstanding resource for anyone interested in high dividend paying stocks), Microcap Millionaires (the best site online for profiting off micro-cap stocks) and Trading Code (an extremely powerful system for profiting off trading).

DISCLAIMER: We are not registered investment advisers and the above analysis should be taken at face value only. We strongly advise against buying or selling anything based solely on our analysis above, and are not responsible for any losses that you may incur if you choose make any investment decisions based on the above.

Gary Ivenchuck

Gary is a stock trading expert and is responsible for covering technical analysis news on Logistics Business Review. Recently he has been working tirelessly to analyse stocks for our readers, and is always available to hear from people asking for stock analysis.
Gary Ivenchuck

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