CATHAY GENERAL BANCORP (CATY) Stock Technical Analysis
NASDAQ:CATY - Nasdaq - US1491501045 - Common Stock - Currency: USD
Overall CATY gets a technical rating of 2 out of 10. CATY has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
In the last month CATY has a been trading in the 36.05 - 43.62 range, which is quite wide. It is currently trading near the high of this range.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
When comparing the yearly performance of all stocks, we notice that CATY is one of the better performing stocks in the market, outperforming 78% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
CATY is an average performer in the Banks industry, it outperforms 59% of 398 stocks in the same industry.
CATY is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
The technical rating of CATY is bad and it also does not present a quality setup 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
36.94
48.82
When analyzing the support we notice one important area.
- A support zone ranging from 37.31 to 37.64. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 42.61 to 43.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 44.74 to 45.24. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @48.34 from a horizontal line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS78.92
Mansfield0
10 Day High43.44
10 Day Low36.6
20 Day High43.62
20 Day Low36.06
52 Week High55.29
52 Week Low34.42
Performance
1 Week9.22%
2 Weeks12.21%
1 Month-2.9%
3 Month-9.87%
6 Month-5.89%
12 Month20.41%
2 Year32.38%
3 Year5.24%
5 Year51.11%
10 Year47.62%
15 Year242.17%
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)
Technical Indicators
MACD(12,26,9)0.66
RSI(14)55.75
LBB35.56
UBB43.12
42.19
-0.46 (-1.08%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-1.08%
1 Week9.22%
2 Weeks12.21%
1 Month-2.9%
3 Month-9.87%
6 Month-5.89%
12 Month20.41%
2 Year32.38%
3 Year5.24%
5 Year51.11%
10 Year47.62%
15 Year242.17%
Volatility
ATR(14)2.05
ATR(20)%4.82%
ATR Inc-55.51%
Range Today0.66
ADR(20)1.85
ADR(20)%4.38%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS78.92
Mansfield0
10 Day High43.44
10 Day Low36.6
20 Day High43.62
20 Day Low36.06
52 Week High55.29
52 Week Low34.42
CS1 End37.64
CR1 Start42.61
Volume & EV
DER(3)2.81%
DER(5)1.94%
Volume244.60K
Volume Incr-18.75%
Vol(5)534.88K
Vol(50)497.98K