BANKWELL FINANCIAL GROUP INC (BWFG) Stock Technical Analysis
NASDAQ:BWFG • US06654A1034
Overall BWFG gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, BWFG is showing a nice and steady performance.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- Looking at the yearly performance, BWFG did better than 87% of all other stocks. We also observe that the gains produced by BWFG over the past year are nicely spread over this period.
- BWFG is one of the better performing stocks in the Banks industry, it outperforms 89% of 381 stocks in the same industry.
- BWFG is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so BWFG is lagging the market slightly.
- In the last month BWFG has a been trading in the 46.18 - 51.43 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, BWFG also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 51.44. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 48.67, a Stop Loss order could be placed below this zone.
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32.45
When analyzing the support we can see 4 important areas.
- A support zone ranging from 46.31 to 48.67. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 45.05 to 45.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @41.93 from a horizontal line in the daily time frame.
- Support @32.78 from a trend line in the weekly time frame.
We found 1 important resistance area.
- 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.
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 | NEUTRAL | NEUTRAL | The short term trend for BWFG is neutral. |
| ChartMill Relative Strength | 87.22 | POSITIVE | BWFG has a high relative strength, it outperformed 87.22% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BWFG is above the rising 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) | 51.76 | NEUTRAL | The RSI value for BWFG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests BWFG has a negative trend. |
| Stochastics (14,3) | 42.42 | NEUTRAL | The Stochastics value for BWFG is a neutral value. |
| Average True Range in percent/ATR (20) | 3.45 | MEDIUM VOLATILITY | The ATR as a percentage value for BWFG suggests some volalility. |
| Average Directional Index/ADX (14) | 17.55 | NEGATIVE | The low ADX value for BWFG 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 |
|---|---|---|---|
| 49.47 | 46.30 | 3.17 (6.41%) | 15.60% |
| An entry @49.47. This is a Buy Stop order right above the 10 day moving average. | An exit @46.30. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 3.17 points, which is 6.41%. | For a 1.00% total portfolio risk, you can invest 15.60% 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.
48.74
+0.32 (+0.66%)
BANKWELL FINANCIAL GROUP INC / BWFG FAQ
What is the ChartMill technical rating of BANKWELL FINANCIAL GROUP INC (BWFG) stock?
ChartMill assigns a technical rating of 10 / 10 to BWFG.
What is the trend direction for BWFG stock?
The current trend direction for BANKWELL FINANCIAL GROUP INC (BWFG) is Bullish.
What is the RSI signal for BANKWELL FINANCIAL GROUP INC (BWFG) stock?
BANKWELL FINANCIAL GROUP INC (BWFG) has an RSI value of 51.7579. 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 -0.086573, indicating a bearish trend.