BANC OF CALIFORNIA INC (BANC) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:BANC - US05990K1060 - Common Stock
Overall BANC gets a technical rating of 7 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, BANC is only an average performer.
Although BANC has an excellent technical rating, the quality of the presented setup is not ideal 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.
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12.39
We found 4 important support areas.
- A support zone ranging from 16.70 to 17.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 16.05 to 16.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @15.56 from a horizontal line in the daily time frame.
- Support @12.52 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 17.76 to 17.81. 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 | 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 | 73.58 | POSITIVE | BANC has a high relative strength, it outperformed 73.58% 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) | 60.02 | NEUTRAL | The RSI value for BANC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests BANC has a positive trend. |
| Stochastics (14,3) | 65.51 | NEUTRAL | The Stochastics value for BANC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.81 | MEDIUM VOLATILITY | The ATR as a percentage value for BANC suggests some volalility. |
| Average Directional Index/ADX (14) | 11.72 | NEGATIVE | The low ADX value for BANC suggests a weak or negative trend. |
17.75
+0.75 (+4.41%)
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 7 / 10 to BANC.
What is the current trend direction of BANC OF CALIFORNIA INC (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 60.0201. This indicates that the stock is currently neutral.
Can you provide the MACD signal for BANC OF CALIFORNIA INC?
The MACD indicator for BANC OF CALIFORNIA INC (BANC) has a value of 0.019135, indicating a bearish trend.
What are the support and resistance levels for BANC OF CALIFORNIA INC (BANC) stock?
BANC OF CALIFORNIA INC (BANC) has a support level at 17.06 and a resistance level at 17.76. Check the full technical report for our detailed analysis of BANC support and resistance levels.