BANC OF CALIFORNIA INC (BOCA) Stock Technical Analysis
NYSE:BOCA - New York Stock Exchange, Inc. -
We assign a technical rating of 0 out of 10 to BOCA. BOCA scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
BOCA has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 24.99. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 24.98, a Stop Loss order could be placed below this zone.
More info and screens
24.73
When analyzing the support we notice one important area.
- A support zone ranging from 24.98 to 24.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 24.99 to 25.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 26.25 to 26.35. 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 BOCA is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BOCA is down. |
| ChartMill Relative Strength | 33.85 | NEUTRAL | BOCA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BOCA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BOCA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BOCA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 27.39 | OVERSOLD | The low RSI value suggests BOCA may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests BOCA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 2.84 | OVERSOLD | The low Stochastics value suggests BOCA may be oversold. |
| Average True Range in percent/ATR (20) | 0.15 | LOW VOLATILITY | The low ATR as a percentage value for BOCA suggests low volalility. |
NYSE:BOCA (4/14/2016, 7:55:53 PM)
24.99
0 (0%)