CALIFORNIA BANCORP (BCAL) Technical Analysis
NASDAQ:BCAL • US84252A1060
Current stock price
BCAL Technical Rating and Analysis
We assign a technical rating of 2 out of 10 to BCAL. Although BCAL is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- BCAL is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- When comparing the yearly performance of all stocks, we notice that BCAL is one of the better performing stocks in the market, outperforming 73% of all stocks.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- BCAL is part of the Banks industry. There are 380 other stocks in this industry, BCAL did better than 59% of them.
- BCAL 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 BCAL is lagging the market slightly.
BCAL Weekly and Daily overview Charts
BCAL Setup Rating and Analysis
Although the technical rating is bad, BCAL does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 18.06. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 17.59, a Stop Loss order could be placed below this zone.
More info and screens
BCAL Support and Resistance Analysis
17.15
When analyzing the support we notice one important area.
- A support zone ranging from 17.32 to 17.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 18.06 to 18.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 18.95 to 19.07. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @20.13 from a horizontal line in the daily time frame.
BCAL Technical Indicator Signal Analysis
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 BCAL is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BCAL is down. |
| ChartMill Relative Strength | 73.82 | POSITIVE | BCAL has a high relative strength, it outperformed 73.82% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of BCAL is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BCAL is below a declining 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) | 47.94 | NEUTRAL | The RSI value for BCAL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests BCAL has a positive trend. |
| Stochastics (14,3) | 75.24 | NEUTRAL | The Stochastics value for BCAL is a neutral value. |
| Average True Range in percent/ATR (20) | 2.46 | MEDIUM VOLATILITY | The ATR as a percentage value for BCAL suggests some volalility. |
| Average Directional Index/ADX (14) | 16.53 | NEGATIVE | The low ADX value for BCAL suggests a weak or negative trend. |
BCAL Chart- and CandleStick Pattern Analysis
BCAL Technicals: Chart, Performance Metrics, Trend & Indicators
17.76
-0.08 (-0.45%)
CALIFORNIA BANCORP / BCAL TA FAQ
Can you provide the ChartMill technical rating for CALIFORNIA BANCORP?
ChartMill assigns a technical rating of 2 / 10 to BCAL.
What is the trend direction for BCAL stock?
The current trend direction for CALIFORNIA BANCORP (BCAL) is Bearish.
What is the RSI signal for BCAL stock?
CALIFORNIA BANCORP (BCAL) has an RSI value of 47.9409. This indicates that the stock is currently neutral.
What is the short term momentum for BCAL stock?
The short term momentum for CALIFORNIA BANCORP (BCAL) is negative.