Overall BWB gets a technical rating of 8 out of 10. BWB has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
Although BWB has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
13.37
We found 2 important support areas.
- A support zone ranging from 16.09 to 17.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @13.51 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 17.54 to 17.80. 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 | NEUTRAL | NEUTRAL | The long term trend for BWB is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BWB is up. |
| ChartMill Relative Strength | 79.63 | POSITIVE | BWB has a high relative strength, it outperformed 79.63% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BWB is above the rising 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) | 60.88 | NEUTRAL | The RSI value for BWB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests BWB has a positive trend. |
| Stochastics (14,3) | 79.66 | NEUTRAL | The Stochastics value for BWB is a neutral value. |
| Average True Range in percent/ATR (20) | 3 | MEDIUM VOLATILITY | The ATR as a percentage value for BWB suggests some volalility. |
| Average Directional Index/ADX (14) | 10.86 | NEGATIVE | The low ADX value for BWB suggests a weak or negative trend. |
17.53
+0.62 (+3.67%)
BRIDGEWATER BANCSHARES INC / BWB FAQ
What is the technical rating for BWB stock?
ChartMill assigns a technical rating of 8 / 10 to BWB.
What is the trend direction for BWB stock?
The current trend direction for BRIDGEWATER BANCSHARES INC (BWB) is Bearish.
What is the RSI signal for BWB stock?
BRIDGEWATER BANCSHARES INC (BWB) has an RSI value of 60.8844. This indicates that the stock is currently neutral.
Can you provide the MACD signal for BRIDGEWATER BANCSHARES INC?
The MACD indicator for BRIDGEWATER BANCSHARES INC (BWB) has a value of 0.0809109, indicating a bearish trend.
What is the support and resistance level for BWB stock?
BRIDGEWATER BANCSHARES INC (BWB) has a support level at 17.02 and a resistance level at 17.54. Check the full technical report for our detailed analysis of BWB support and resistance levels.