BRIDGEWATER BANCSHARES INC (BWB) Stock Technical Analysis
NASDAQ:BWB - Nasdaq - US1086211034 - Common Stock - Currency: USD
Overall BWB gets a technical rating of 8 out of 10. In the last year, BWB was one of the better performers, but we do observe some doubts in the very recent evolution.
BWB 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.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
When comparing the yearly performance of all stocks, we notice that BWB is one of the better performing stocks in the market, outperforming 86% of all stocks. We also observe that the gains produced by BWB over the past year are nicely spread over this period.
BWB is one of the better performing stocks in the Banks industry, it outperforms 82% of 396 stocks in the same industry.
BWB is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so BWB is performing more or less in line with the market.
Besides having an excellent technical rating, BWB also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 14.69, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- 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
12.43
16.19
We found 2 important support areas.
- A support zone ranging from 14.38 to 14.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 12.56 to 12.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 15.62 to 15.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @16.03 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 BWB is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BWB is neutral. |
| ChartMill Relative Strength | 86.26 | POSITIVE | BWB has a high relative strength, it outperformed 86.26% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BWB is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BWB is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BWB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.14 | NEUTRAL | The RSI value for BWB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests BWB has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 16.42 | OVERSOLD | The low Stochastics value suggests BWB may be oversold. |
| Average True Range in percent/ATR (20) | 3.27 | MEDIUM VOLATILITY | The ATR as a percentage value for BWB suggests some volalility. |
| Average Directional Index/ADX (14) | 15.98 | NEGATIVE | The low ADX value for BWB suggests a weak or negative 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 |
|---|---|---|---|
| 15.75 | 14.37 | 1.38 (8.76%) | 11.41% |
| An entry @15.75. This is a Buy Stop order right above the resistance zone. | An exit @14.37. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.38 points, which is 8.76%. | For a 1.00% total portfolio risk, you can invest 11.41% of your capital in this trade. |
- 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.
14.98
+0.43 (+2.96%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg2.96%
1 Week2.32%
2 Weeks1.01%
1 Month-4.53%
3 Month7%
6 Month-0.99%
12 Month36.31%
2 Year52.08%
3 Year-7.19%
5 Year46.15%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.51
ATR(20)%3.27%
ATR Inc-34.55%
Range Today0.28
ADR(20)0.46
ADR(20)%3.08%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.26
Mansfield0.29
10 Day High16.34
10 Day Low14.35
20 Day High16.34
20 Day Low14.35
52 Week High16.34
52 Week Low10.52
CS1 End14.69
CR1 Start15.62
Volume & EV
DER(3)-0.01%
DER(5)1.31%
Volume105.60K
Volume Incr-7.67%
Vol(5)63.70K
Vol(50)97.29K