CATHAY GENERAL BANCORP (CATY) Stock Technical Analysis
USA - NASDAQ:CATY - US1491501045 - Common Stock
45.89 USD
+0.46 (+1.01%)
45.89 USD
0 (0%)
Overall CATY gets a technical rating of 2 out of 10. CATY scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
68% of all other stocks performed better in the past year than CATY.
In the last month CATY has a been trading in the 45.15 - 49.76 range, which is quite wide. It is currently trading near the lows of this range.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
CATY is part of the Banks industry. There are 391 other stocks in this industry, CATY did better than 50% of them.
CATY is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CATY is lagging the market.
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
38.16
50.93
We found 3 important support areas.
- A support zone ranging from 45.42 to 45.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @42.27 from a horizontal line in the daily time frame.
- Support @38.55 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 47.43 to 50.43. 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 | 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 | 32.52 | NEUTRAL | CATY is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CATY is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of CATY is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of CATY is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 39.7 | NEUTRAL | The RSI value for CATY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.26 | NEGATIVE | The MACD value suggests CATY has a negative trend. |
| Stochastics (14,3) | 32.2 | NEUTRAL | The Stochastics value for CATY is a neutral value. |
| Average True Range in percent/ATR (20) | 2.72 | MEDIUM VOLATILITY | The ATR as a percentage value for CATY suggests some volalility. |
| Average Directional Index/ADX (14) | 16.81 | NEGATIVE | The low ADX value for CATY suggests a weak or negative 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)
45.89
+0.46 (+1.01%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg1.01%
1 Week-0.97%
2 Weeks-5.01%
1 Month-6.8%
3 Month-4.79%
6 Month18.79%
12 Month-0.33%
2 Year35.33%
3 Year0.64%
5 Year95.03%
10 Year46.61%
15 Year237.43%
Volatility
ATR(14)1.43
ATR(20)%2.72%
ATR Inc99.5%
Range Today1.07
ADR(20)1.22
ADR(20)%2.66%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS32.52
Mansfield-1.02
10 Day High49.76
10 Day Low45.15
20 Day High49.76
20 Day Low45.15
52 Week High55.29
52 Week Low36.06
CS1 End45.88
CR1 Start47.43
Volume & EV
DER(3)-0.84%
DER(5)-0.71%
Volume388.19K
Volume Incr-10.11%
Vol(5)381.34K
Vol(50)377.05K