BANC OF CALIFORNIA INC (BANC) Technical Analysis
NYSE:BANC • US05990K1060
Current stock price
BANC Technical Rating and Analysis
Taking everything into account, BANC scores 7 out of 10 in our technical rating. In the last year, BANC was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, BANC did better than 70% of all other stocks. We also observe that the gains produced by BANC over the past year are nicely spread over this period.
- BANC is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- BANC has an average volume of 3087590 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- BANC is an average performer in the Banks industry, it outperforms 63% of 376 stocks in the same industry.
- BANC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BANC is lagging the market.
BANC Weekly and Daily overview Charts
BANC Setup Rating and Analysis
Besides having an excellent technical rating, BANC also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 18.66, 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.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
BANC Support and Resistance Analysis
16.59
3 important support areas can be observed.
- A support zone ranging from 18.15 to 18.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 17.21 to 17.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 16.76 to 16.78. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 20.85 to 21.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
BANC Technical Indicator Signal Analysis
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 | 70.72 | POSITIVE | BANC has a high relative strength, it outperformed 70.72% 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) | DOWN | MIXED | The current price of BANC is above a declining 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) | 58.39 | NEUTRAL | The RSI value for BANC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests BANC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 68.84 | NEUTRAL | The Stochastics value for BANC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.59 | MEDIUM VOLATILITY | The ATR as a percentage value for BANC suggests some volalility. |
| Average Directional Index/ADX (14) | 15.34 | NEGATIVE | The low ADX value for BANC suggests a weak or negative trend. |
BANC Chart- and CandleStick Pattern Analysis
BANC Example Setup
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 |
|---|---|---|---|
| 19.32 | 18.14 | 1.18 (6.11%) | 16.37% |
| An entry @19.32. This is a Buy Stop order right above the 10 day high. | An exit @18.14. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.18 points, which is 6.11%. | When investing 16.37% 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.
BANC Technicals: Chart, Performance Metrics, Trend & Indicators
18.78
+0.03 (+0.16%)
BANC OF CALIFORNIA INC / BANC TA FAQ
What is the ChartMill technical rating of BANC OF CALIFORNIA INC (BANC) stock?
ChartMill assigns a technical rating of 7 / 10 to BANC.
What is the trend direction for BANC stock?
The current trend direction for BANC OF CALIFORNIA INC (BANC) is Bullish.
What is the RSI signal for BANC stock?
BANC OF CALIFORNIA INC (BANC) has an RSI value of 58.3939. This indicates that the stock is currently neutral.
What is the MACD signal for BANC stock?
The MACD indicator for BANC OF CALIFORNIA INC (BANC) has a value of 0.0562303, indicating a bearish trend.
What is the buy/sell signal for 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.