CALIFORNIA BANCORP INC (CALB) Stock Technical Analysis
NASDAQ:CALB - Nasdaq - US13005U1016 - Common Stock - Currency: USD
Overall CALB 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, CALB is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, CALB did better than 91% of all other stocks.
CALB is part of the Banks industry. There are 394 other stocks in this industry. CALB outperforms 96% of them.
CALB 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 CALB is lagging the market slightly.
In the last month CALB has a been trading in the 20.94 - 25.49 range, which is quite wide. It is currently trading near the high of this range.
Although CALB has an excellent technical rating, it does not present a decent entry opportunity 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
19.80
25.35
We found 2 important support areas.
- A support zone ranging from 21.60 to 22.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @20.00 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @25.10 from a horizontal line in the weekly 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 CALB is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CALB is up. |
| ChartMill Relative Strength | 91 | POSITIVE | CALB has a high relative strength, it outperformed 91% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CALB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CALB is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CALB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 77.55 | OVERBOUGHT | The high RSI value suggests CALB may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.17 | POSITIVE | The MACD value suggests CALB has a positive trend. |
| Stochastics (14,3) | 88.97 | OVERBOUGHT | The high Stochastics value suggests CALB may be overbought. |
| Average True Range in percent/ATR (20) | 2.35 | MEDIUM VOLATILITY | The ATR as a percentage value for CALB suggests some volalility. |
| Average Directional Index/ADX (14) | 31.72 | POSITIVE | The high ADX value value for CALB 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)
25.09
+0.26 (+1.05%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg1.05%
1 Week5.73%
2 Weeks6.4%
1 Month15.89%
3 Month15.22%
6 Month1.17%
12 Month33.39%
2 Year19.48%
3 Year40.48%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.65
ATR(20)%2.35%
ATR Inc28.08%
Range Today0.8
ADR(20)0.55
ADR(20)%2.2%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91
Mansfield0.13
10 Day High25.49
10 Day Low23.12
20 Day High25.49
20 Day Low20.94
52 Week High27.82
52 Week Low18.05
CS1 End22.04
CR1 Start25.1
Volume & EV
DER(3)0.46%
DER(5)-0.39%
Volume129.40K
Volume Incr-37.74%
Vol(5)57.60K
Vol(50)56.55K