BANKWELL FINANCIAL GROUP INC (BWFG) Technical Analysis
NASDAQ:BWFG • US06654A1034
Current stock price
46.83 USD
-0.1 (-0.21%)
At close:
46.87 USD
+0.04 (+0.09%)
After Hours:
BWFG Technical Rating and Analysis
We assign a technical rating of 6 out of 10 to BWFG. In the last year, BWFG was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.
- BWFG 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 BWFG is one of the better performing stocks in the market, outperforming 86% of all stocks. On top of that, BWFG also shows a nice and consistent pattern of rising prices.
- BWFG is one of the better performing stocks in the Banks industry, it outperforms 95% of 381 stocks in the same industry.
- BWFG 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 BWFG is performing more or less in line with the market.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
BWFG Weekly and Daily overview Charts
BWFG Setup Rating and Analysis
Although the technical rating is only medium, BWFG does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 46.65, a Stop Loss order could be placed below this zone.
More info and screens
BWFG Support and Resistance Analysis
32.87
51.96
3 important support areas can be observed.
- A support zone ranging from 46.31 to 46.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @45.06 from a horizontal line in the daily time frame.
- Support @33.20 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 47.06 to 47.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 51.44 to 51.45. This zone is formed by a combination of multiple trend lines in the daily time frame.
BWFG 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 BWFG is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BWFG is down. |
| ChartMill Relative Strength | 86.87 | POSITIVE | BWFG has a high relative strength, it outperformed 86.87% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BWFG is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of BWFG is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BWFG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 44.92 | NEUTRAL | The RSI value for BWFG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests BWFG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 51.1 | NEUTRAL | The Stochastics value for BWFG is a neutral value. |
| Average True Range in percent/ATR (20) | 3.11 | MEDIUM VOLATILITY | The ATR as a percentage value for BWFG suggests some volalility. |
| Average Directional Index/ADX (14) | 24.66 | NEUTRAL | The ADX value for BWFG suggests a possible start of a new trend. |
BWFG Chart- and CandleStick Pattern Analysis
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)
BWFG Example Setup
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 |
|---|---|---|---|
| 47.81 | 46.30 | 1.51 (3.16%) | 25.00% |
| An entry @47.81. This is a Buy Stop order right above the resistance zone. | An exit @46.30. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.51 points, which is 3.16%. | For a 0.79% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of BWFG. 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.
BWFG Technicals: Chart, Performance Metrics, Trend & Indicators
46.83
-0.1 (-0.21%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-0.21%
1 Week1.1%
2 Weeks0.28%
1 Month-3.28%
3 Month-4.15%
6 Month2.63%
12 Month59.67%
2 Year80.53%
3 Year88.37%
5 Year73.77%
10 Year139.3%
15 YearN/A
Volatility
ATR(14)1.52
ATR(20)%3.11%
ATR Inc-9.72%
Range Today1.41
ADR(20)1.42
ADR(20)%3.03%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.87
3 months CRS39.19
6 months CRS66.82
Mansfield1.05
10 Day High48.6
10 Day Low44.92
20 Day High49.71
20 Day Low44.92
52 Week High51.54
52 Week Low26.39
CS1 End46.65
CR1 Start47.06
Volume & EV
DER(3)1%
DER(5)-0.3%
Volume40.10K
Volume Incr42.05%
Vol(5)41.28K
Vol(50)31.35K
BANKWELL FINANCIAL GROUP INC / BWFG TA FAQ
What is the ChartMill technical rating of BANKWELL FINANCIAL GROUP INC (BWFG) stock?
ChartMill assigns a technical rating of 6 / 10 to BWFG.
What is the trend direction for BWFG stock?
The current trend direction for BANKWELL FINANCIAL GROUP INC (BWFG) is Bearish.
What is the RSI signal for BANKWELL FINANCIAL GROUP INC (BWFG) stock?
BANKWELL FINANCIAL GROUP INC (BWFG) has an RSI value of 44.9224. This indicates that the stock is currently neutral.
What is the MACD signal for BANKWELL FINANCIAL GROUP INC (BWFG) stock?
The MACD indicator for BANKWELL FINANCIAL GROUP INC (BWFG) has a value of -0.103584, indicating a bearish trend.