BANC OF CALIFORNIA INC (BANC) Stock Technical Analysis
NYSE:BANC - New York Stock Exchange, Inc. - US05990K1060 - Common Stock - Currency: USD
Taking everything into account, BANC scores 6 out of 10 in our technical rating. In the past year, BANC was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month BANC has a been trading in the 13.24 - 15.34 range, which is quite wide. It is currently trading near the high of this range.
BANC has an average volume of 1917740 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that BANC is one of the better performing stocks in the market, outperforming 72% of all stocks. However, this relatively good performance is mostly due to a recent big move.
BANC is an average performer in the Banks industry, it outperforms 41% of 397 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 has an average technical rating and also the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
12.39
15.29
When analyzing the support we can see 4 important areas.
- A support zone ranging from 14.05 to 14.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 13.63 to 13.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @13.33 from a horizontal line in the daily time frame.
- A support zone ranging from 12.52 to 12.54. This zone is formed by a combination of multiple trend lines in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 14.98 to 15.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The long term trend for BANC is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BANC is up. |
| ChartMill Relative Strength | 72.05 | POSITIVE | BANC has a high relative strength, it outperformed 72.05% 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) | DOWN | MIXED | The current price of BANC is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 65.15 | NEUTRAL | The RSI value for BANC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests BANC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 86.9 | OVERBOUGHT | The high Stochastics value suggests BANC may be overbought. |
| Average True Range in percent/ATR (20) | 2.34 | MEDIUM VOLATILITY | The ATR as a percentage value for BANC suggests some volalility. |
| Average Directional Index/ADX (14) | 25.93 | POSITIVE | The high ADX value value for BANC suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
14.97
-0.16 (-1.06%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-1.06%
1 Week1.42%
2 Weeks6.17%
1 Month6.09%
3 Month21.81%
6 Month0.74%
12 Month9.99%
2 Year5.35%
3 Year-14.51%
5 Year39.65%
10 Year23.41%
15 YearN/A
Volatility
ATR(14)0.35
ATR(20)%2.34%
ATR Inc-6.01%
Range Today0.2
ADR(20)0.34
ADR(20)%2.25%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS72.05
Mansfield-0.54
10 Day High15.34
10 Day Low13.97
20 Day High15.34
20 Day Low13.24
52 Week High18.08
52 Week Low11.52
CS1 End14.24
CR1 Start14.98
Volume & EV
DER(3)-1.43%
DER(5)-1.41%
Volume1.53M
Volume Incr-4.33%
Vol(5)2.14M
Vol(50)1.92M