CALIFORNIA BANCORP (BCAL) Stock Technical Analysis
NASDAQ:BCAL - Nasdaq - US84252A1060 - Common Stock - Currency: USD
We assign a technical rating of 8 out of 10 to BCAL. Although BCAL is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
The long and short term trends are both positive. This is looking good!
BCAL is part of the Banks industry. There are 394 other stocks in this industry. BCAL outperforms 71% of them.
BCAL 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.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
When comparing the yearly performance of all stocks, we notice that BCAL is one of the better performing stocks in the market, outperforming 77% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
BCAL is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BCAL is lagging the market.
Besides having an excellent technical rating, BCAL also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 16.43. Right above this resistance zone may be a good entry point. 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
14.07
17.19
3 important support areas can be observed.
- Support @15.64 from a trend line in the weekly time frame.
- A support zone ranging from 15.17 to 15.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 14.21 to 14.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 16.43 to 16.60. This zone is formed by a combination of multiple trend lines in the daily time frame.
- 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 | 77.16 | POSITIVE | BCAL has a high relative strength, it outperformed 77.16% 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) | 63.35 | NEUTRAL | The RSI value for BCAL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests BCAL has a negative trend. |
| Stochastics (14,3) | 67.88 | NEUTRAL | The Stochastics value for BCAL is a neutral value. |
| Average True Range in percent/ATR (20) | 2.77 | MEDIUM VOLATILITY | The ATR as a percentage value for BCAL suggests some volalility. |
| Average Directional Index/ADX (14) | 40.72 | 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 |
|---|---|---|---|
| 16.61 | 16.04 | 0.57 (3.43%) | 25.00% |
| An entry @16.61. This is a Buy Stop order right above the resistance zone. | An exit @16.04. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.57 points, which is 3.43%. | For a 0.86% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of BCAL. Please evaluate whether better entry and exit points can be found.
- 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.
16.36
-0.04 (-0.24%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-0.24%
1 Week0.86%
2 Weeks-1.15%
1 Month13.79%
3 Month29.43%
6 Month7.84%
12 Month11.37%
2 Year6.58%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.4
ATR(20)%2.77%
ATR Inc-20.69%
Range Today0.45
ADR(20)0.45
ADR(20)%2.76%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS77.16
Mansfield-0.08
10 Day High16.75
10 Day Low16.05
20 Day High16.75
20 Day Low14.3
52 Week High18.49
52 Week Low11.87
CS1 End15.64
CR1 Start16.43
Volume & EV
DER(3)-0.93%
DER(5)-2.61%
Volume105.50K
Volume Incr26.38%
Vol(5)158.16K
Vol(50)111.28K