Stock Yards Bancorp's 15min chart shows bullish momentum with Bollinger Bands expanding upward.

Based on the 15-minute chart of Stock Yards Bancorp, the Bollinger Bands are expanding upward, indicating a bullish trend driven by strong buying pressure. The recent Bullish Marubozu at 07/16/2025 14:30 further reinforces this notion, suggesting that the market is currently being dominated by buyers and that bullish momentum is likely to persist.

Stock Yards Bancorp (SYB) has been experiencing a strong bullish trend as indicated by the expansion of Bollinger Bands on its 15-minute chart. This expansion signifies increased volatility and potential price movements, driven by robust buying pressure. The recent appearance of a Bullish Marubozu candlestick pattern on July 16, 2025, at 14:30 further reinforces this trend, suggesting that the market is dominated by buyers and that bullish momentum is likely to persist.

The Bollinger Bands are currently expanding upwards, with the upper band touching a significant high of $237.58 on July 3. This indicates a substantial rally in the market. However, the recent retreat towards the 20-day moving average (~$227) suggests a pullback, but the current price hovering near the middle band indicates indecision. A decisive close below the middle band could trigger a test of the lower band (~$217), while reclaiming the upper band (~$238) appears unlikely near-term [1].

The volume-price relationship also supports the bullish trend. Down days have recently accompanied elevated volume, confirming distribution pressure. Conversely, rallies like July 2's +3.97% surge featured robust volume, validating upside conviction. The latest session’s moderate volume during the decline suggests no capitulation, leaving room for further downside [1].

The Relative Strength Index (RSI) for Stock Yards Bancorp, currently at ~48, has retreated from overbought conditions (70 in late June) but remains neutral, showing no immediate oversold risk. This aligns with the KDJ’s neutral stance. Historical support reversals occurred near RSI 40–42 (late May, mid-June), making this zone critical to monitor for potential trend exhaustion if tested [1].

Fibonacci retracement analysis using the swing low of $133.57 (August 5, 2024) and high of $237.58 (July 3, 2025) identifies key retracement levels: 23.6% ($217.25), 38.2% ($201.35), and 50% ($185.57). Current price action holds above the 23.6% level, maintaining structural bullishness. Confluence exists near $217 (23.6% Fib and Bollinger lower band), making it critical support. A breach may target $201–$206 (38.2% Fib and volume-supported zone from May-June) [1].

Multiple indicators reflect near-term caution: Bearish candlestick patterns, MACD negative crossover, and volume distribution validate the current pullback. Confluence exists at $217–$218 (Bollinger lower band, 23.6% Fib, and historical consolidation), making it a pivotal support zone for bulls. Conversely, recovery requires reclaiming $233 resistance with confirmed volume. The primary uptrend remains intact below $217, but failure here may trigger deeper retracement toward $201–$206 [1].

References:
[1] https://www.ainvest.com/news/seaport-15min-chart-shows-bollinger-bands-expanding-upward-bullish-marubozu-pattern-2507/