BRIDGEWATER BANCSHARES INC (BWB) Stock Technical Analysis
USA - NASDAQ:BWB - US1086211034 - Common Stock
Taking everything into account, BWB scores 7 out of 10 in our technical rating. In the last year, BWB was one of the better performers, but we do observe some doubts in the very recent evolution.
BWB has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 16.74, a Stop Loss order could be placed below this zone. 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
13.31
When analyzing the support we can see 3 important areas.
- A support zone ranging from 16.42 to 16.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @16.09 from a horizontal line in the daily time frame.
- Support @13.44 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 16.77 to 16.95. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 17.44 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 | 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 | 71.35 | POSITIVE | BWB has a high relative strength, it outperformed 71.35% 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 | MIXED | The current price of BWB is below 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) | 48.64 | NEUTRAL | The RSI value for BWB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests BWB has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 41.86 | NEUTRAL | The Stochastics value for BWB is a neutral value. |
| Average True Range in percent/ATR (20) | 3.35 | MEDIUM VOLATILITY | The ATR as a percentage value for BWB suggests some volalility. |
| Average Directional Index/ADX (14) | 9.71 | NEGATIVE | The low ADX value for BWB suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 16.96 | 16.41 | 0.55 (3.24%) | 25.00% |
| An entry @16.96. This is a Buy Stop order right above the resistance zone. | An exit @16.41. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.55 points, which is 3.24%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.81%. |
- The distance between exit and entry is rather small compared to the average daily movement of BWB. 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.
16.76
-0.03 (-0.18%)
BRIDGEWATER BANCSHARES INC / BWB FAQ
What is the technical rating for BWB stock?
ChartMill assigns a technical rating of 7 / 10 to BWB.
What is the trend direction for BWB stock?
The current trend direction for BRIDGEWATER BANCSHARES INC (BWB) is Bullish.
What is the RSI signal for BWB stock?
BRIDGEWATER BANCSHARES INC (BWB) has an RSI value of 48.6393. 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 0.0107482, indicating a bearish trend.
What is the support and resistance level for BWB stock?
BRIDGEWATER BANCSHARES INC (BWB) has a support level at 16.74 and a resistance level at 16.77. Check the full technical report for our detailed analysis of BWB support and resistance levels.