BANC OF CALIFORNIA INC (BANC) Stock Technical Analysis
NYSE:BANC - New York Stock Exchange, Inc. - US05990K1060 - Common Stock - Currency: USD
We assign a technical rating of 2 out of 10 to BANC. BANC has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
BANC is part of the Banks industry. There are 396 other stocks in this industry, of which 71% are performing better than BANC.
In the last month BANC has a been trading in the 13.32 - 14.74 range, which is quite wide. It is currently trading near the lows of this range.
BANC has an average volume of 2724950 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, BANC turns out to be only a medium performer in the overall market: it outperformed 57% of all stocks.
BANC is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so BANC is lagging the market slightly.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, BANC does present a nice setup opportunity. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
12.16
14.88
We found 1 important support area.
- A support zone ranging from 12.28 to 12.52. This zone is formed by a combination of multiple trend lines in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 13.90 to 14.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 14.44 to 14.73. 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 | DOWN | NEGATIVE | The long term trend for BANC is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BANC is neutral. |
| ChartMill Relative Strength | 57.4 | NEUTRAL | BANC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of BANC is below 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 | MIXED | The current price of BANC is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.12 | NEUTRAL | The RSI value for BANC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests BANC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 26.14 | NEUTRAL | The Stochastics value for BANC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.36 | MEDIUM VOLATILITY | The ATR as a percentage value for BANC suggests some volalility. |
| Average Directional Index/ADX (14) | 15.21 | NEGATIVE | The low ADX value for BANC suggests a weak or negative 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)
13.86
+0.24 (+1.76%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg1.76%
1 Week-1%
2 Weeks-3.68%
1 Month0.65%
3 Month0.43%
6 Month-18.76%
12 Month6.29%
2 Year19.69%
3 Year-21.34%
5 Year27.98%
10 Year0.8%
15 YearN/A
Volatility
ATR(14)0.3
ATR(20)%2.36%
ATR Inc15.42%
Range Today0.36
ADR(20)0.29
ADR(20)%2.07%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS57.4
Mansfield-0.85
10 Day High14.36
10 Day Low13.32
20 Day High14.74
20 Day Low13.32
52 Week High18.08
52 Week Low11.52
CS1 End12.52
CR1 Start13.9
Volume & EV
DER(3)2.77%
DER(5)0.77%
Volume1.40M
Volume Incr-3.06%
Vol(5)1.67M
Vol(50)2.72M