BANC OF CALIFORNIA INC (BANC) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:BANC - US05990K1060 - Common Stock
We assign a technical rating of 10 out of 10 to BANC. Both in the recent history as in the last year, BANC has proven to be a steady performer, scoring decent points in every aspect analyzed.
Besides having an excellent technical rating, BANC also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 19.91, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for BANC in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
16.96
When analyzing the support we can see 4 important areas.
- A support zone ranging from 19.78 to 19.91. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 19.29 to 19.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @17.72 from a trend line in the weekly time frame.
- Support @17.13 from a trend line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for BANC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BANC is up. |
| ChartMill Relative Strength | 85.72 | POSITIVE | BANC has a high relative strength, it outperformed 85.72% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BANC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BANC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BANC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 61.96 | NEUTRAL | The RSI value for BANC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests BANC has a negative trend. |
| Stochastics (14,3) | 77.39 | NEUTRAL | The Stochastics value for BANC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.11 | MEDIUM VOLATILITY | The ATR as a percentage value for BANC suggests some volalility. |
| Average Directional Index/ADX (14) | 34.91 | POSITIVE | The high ADX value value for BANC suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 20.69 | 19.77 | 0.92 (4.45%) | 22.49% |
| An entry @20.69. This is a Buy Stop order right above the 10 day high. | An exit @19.77. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.92 points, which is 4.45%. | When investing 22.49% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
20.07
-0.4 (-1.95%)
BANC OF CALIFORNIA INC / BANC FAQ
What is the ChartMill technical rating of BANC OF CALIFORNIA INC (BANC) stock?
ChartMill assigns a technical rating of 10 / 10 to BANC.
What is the trend direction for BANC stock?
The current trend direction for BANC OF CALIFORNIA INC (BANC) is Bullish.
Can you provide the RSI signal for BANC OF CALIFORNIA INC?
BANC OF CALIFORNIA INC (BANC) has an RSI value of 61.9585. This indicates that the stock is currently neutral.
What is the buy/sell signal for BANC OF CALIFORNIA INC (BANC) stock?
The buy/sell signal for BANC OF CALIFORNIA INC (BANC) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for BANC OF CALIFORNIA INC?
BANC OF CALIFORNIA INC (BANC) has a support level at 19.91. Check the full technical report for our detailed analysis of BANC support and resistance levels.