CATHAY GENERAL BANCORP (CATY) Stock Technical Analysis
NASDAQ:CATY - Nasdaq - US1491501045 - Common Stock - Currency: USD
Taking everything into account, CATY scores 5 out of 10 in our technical rating. In the past year, CATY was one of the better performing stocks in the market. The medium term picture became unclear, although we see some improvement happening in recent action.
CATY is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
When comparing the yearly performance of all stocks, we notice that CATY is one of the better performing stocks in the market, outperforming 71% of all stocks. However, CATY's most recent performance is quite weak.
CATY is part of the Banks industry. There are 395 other stocks in this industry, CATY did better than 48% of them.
CATY is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so CATY is lagging the market slightly.
CATY has an average technical rating and the quality of the presented setup is also not ideal 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
37.53
45.90
2 important support areas can be observed.
- A support zone ranging from 42.84 to 43.40. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @37.91 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 44.05 to 44.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 45.19 to 45.45. 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 | NEUTRAL | NEUTRAL | The long term trend for CATY is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CATY is neutral. |
| ChartMill Relative Strength | 71.83 | POSITIVE | CATY has a high relative strength, it outperformed 71.83% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CATY is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CATY is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of CATY is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.04 | NEUTRAL | The RSI value for CATY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests CATY has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 43.09 | NEUTRAL | The Stochastics value for CATY is a neutral value. |
| Average True Range in percent/ATR (20) | 2.84 | MEDIUM VOLATILITY | The ATR as a percentage value for CATY suggests some volalility. |
| Average Directional Index/ADX (14) | 27 | POSITIVE | The high ADX value value for CATY 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)
44.05
+1.2 (+2.8%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg2.8%
1 Week-0.16%
2 Weeks-2.5%
1 Month4.86%
3 Month-6.18%
6 Month-15.3%
12 Month19.57%
2 Year50.65%
3 Year7.15%
5 Year62.01%
10 Year45.76%
15 Year299.73%
Volatility
ATR(14)1.15
ATR(20)%2.84%
ATR Inc28.7%
Range Today1.79
ADR(20)1.12
ADR(20)%2.54%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS71.83
Mansfield-0.32
10 Day High45.4
10 Day Low41.83
20 Day High45.62
20 Day Low40.96
52 Week High55.29
52 Week Low34.75
CS1 End43.4
CR1 Start44.05
Volume & EV
DER(3)0.75%
DER(5)1.69%
Volume244.80K
Volume Incr-5.72%
Vol(5)349.43K
Vol(50)492.51K