BANKWELL FINANCIAL GROUP INC (BWFG) Stock Technical Analysis
NASDAQ:BWFG - Nasdaq - US06654A1034 - Common Stock - Currency: USD
Overall BWFG gets a technical rating of 10 out of 10. Both in the recent history as in the last year, BWFG has proven to be a steady performer, scoring decent points in every aspect analyzed.
Warning: BWFG has an average volume of 13624 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, BWFG did better than 90% of all other stocks. On top of that, BWFG also shows a nice and consistent pattern of rising prices.
BWFG is part of the Banks industry. There are 396 other stocks in this industry. BWFG outperforms 93% of them.
BWFG is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so BWFG is leading the market.
In the last month BWFG has a been trading in the 33.26 - 36.00 range, which is quite wide. It is currently trading near the high of this range.
Prices have been consolidating recently, this may present a good entry opportunity.
Besides having an excellent technical rating, BWFG also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 33.46, 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
23.46
36.25
4 important support areas can be observed.
- A support zone ranging from 32.97 to 33.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @29.05 from a trend line in the weekly time frame.
- A support zone ranging from 27.92 to 28.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @23.70 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 35.02 to 35.89. This zone is formed by a combination of multiple trend lines and important moving averages 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 BWFG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BWFG is up. |
| ChartMill Relative Strength | 90.64 | POSITIVE | BWFG has a high relative strength, it outperformed 90.64% 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 | POSITIVE | The current price of BWFG is above 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) | 51.75 | 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. |
| Stochastics (14,3) | 75.39 | NEUTRAL | The Stochastics value for BWFG is a neutral value. |
| Average True Range in percent/ATR (20) | 2.41 | MEDIUM VOLATILITY | The ATR as a percentage value for BWFG suggests some volalility. |
| Average Directional Index/ADX (14) | 25.71 | POSITIVE | The high ADX value value for BWFG suggests a strong 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 |
|---|---|---|---|
| 35.90 | 34.27 | 1.63 (4.54%) | 22.02% |
| An entry @35.90. This is a Buy Stop order right above the resistance zone. | An exit @34.27. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.63 points, which is 4.54%. | When investing 22.02% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
34.81
-1.07 (-2.98%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-2.98%
1 Week-2.38%
2 Weeks0.29%
1 Month-2.57%
3 Month18.68%
6 Month6.65%
12 Month43.19%
2 Year42.78%
3 Year12.11%
5 Year118.93%
10 Year95.23%
15 YearN/A
Volatility
ATR(14)0.83
ATR(20)%2.41%
ATR Inc33.2%
Range Today1.17
ADR(20)0.78
ADR(20)%2.24%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.64
Mansfield1.1
10 Day High35.97
10 Day Low34.28
20 Day High36
20 Day Low33.26
52 Week High36
52 Week Low22.8
CS1 End33.46
CR1 Start35.02
Volume & EV
DER(3)-0.59%
DER(5)-7.47%
Volume11.80K
Volume Incr1.39%
Vol(5)12.78K
Vol(50)13.62K