CALIFORNIA BANCORP (BCAL) Stock Technical Analysis
NASDAQ:BCAL - US84252A1060 - Common Stock
16.84 USD
+0.05 (+0.3%)
16.84 USD
0 (0%)
We assign a technical rating of 8 out of 10 to BCAL. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, BCAL is only an average performer.
Both the short term and long term trends are positive. This is a very positive sign.
BCAL is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so BCAL is lagging the market slightly.
In the last month BCAL has a been trading in the 14.76 - 17.06 range, which is quite wide. It is currently trading near the high of this range.
Looking at the yearly performance, BCAL did better than 71% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
BCAL is part of the Banks industry. There are 395 other stocks in this industry, BCAL did better than 59% of them.
Considerably lower volume is observed in the last couple of days.
BCAL has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 17.02. Right above this resistance zone may be a good entry point.
More info and screens
14.07
17.19
We found 3 important support areas.
- A support zone ranging from 15.78 to 16.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 15.21 to 15.24. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 14.21 to 14.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- Resistance @17.02 from a horizontal 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 BCAL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BCAL is up. |
| ChartMill Relative Strength | 71.74 | POSITIVE | BCAL has a high relative strength, it outperformed 71.74% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BCAL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BCAL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BCAL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.76 | NEUTRAL | The RSI value for BCAL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests BCAL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 88.84 | OVERBOUGHT | The high Stochastics value suggests BCAL may be overbought. |
| Average True Range in percent/ATR (20) | 2.31 | MEDIUM VOLATILITY | The ATR as a percentage value for BCAL suggests some volalility. |
| Average Directional Index/ADX (14) | 33.55 | POSITIVE | The high ADX value value for BCAL 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)
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 |
|---|---|---|---|
| 17.03 | 15.96 | 1.07 (6.28%) | 15.92% |
| An entry @17.03. This is a Buy Stop order right above the resistance zone. | An exit @15.96. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.07 points, which is 6.28%. | When investing 15.92% 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.
16.84
+0.05 (+0.3%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg0.3%
1 Week-0.15%
2 Weeks5.05%
1 Month15.34%
3 Month12.72%
6 Month5.32%
12 Month12.45%
2 Year19.43%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.38
ATR(20)%2.31%
ATR Inc-36.89%
Range Today0.24
ADR(20)0.37
ADR(20)%2.21%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS71.74
Mansfield0.03
10 Day High17.06
10 Day Low15.97
20 Day High17.06
20 Day Low14.76
52 Week High18.49
52 Week Low11.87
CS1 End16.05
CR1 Start17.02
Volume & EV
DER(3)-0.97%
DER(5)0.67%
Volume71.60K
Volume Incr-41.4%
Vol(5)64.08K
Vol(50)132.48K