CATHAY GENERAL BANCORP (CATY) Stock Technical Analysis
NASDAQ:CATY • US1491501045
We assign a technical rating of 9 out of 10 to CATY. Both in the recent history as in the last year, CATY has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- 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.
- CATY 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 CATY is lagging the market slightly.
- 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.
- CATY is part of the Banks industry. There are 381 other stocks in this industry, CATY did better than 52% of them.
CATY has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 52.11, a Stop Loss order could be placed below this zone.
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38.94
When analyzing the support we can see 6 important areas.
- A support zone ranging from 50.73 to 52.11. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 49.26 to 49.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @48.38 from a horizontal line in the daily time frame.
- Support @46.87 from a trend line in the daily time frame.
- A support zone ranging from 44.78 to 45.44. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @39.33 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 53.40 to 54.23. 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 | UP | POSITIVE | The long term trend for CATY is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CATY is up. |
| ChartMill Relative Strength | 71.85 | POSITIVE | CATY has a high relative strength, it outperformed 71.85% 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 | POSITIVE | The current price of CATY is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.07 | NEUTRAL | The RSI value for CATY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests CATY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 68.46 | NEUTRAL | The Stochastics value for CATY is a neutral value. |
| Average True Range in percent/ATR (20) | 2.9 | MEDIUM VOLATILITY | The ATR as a percentage value for CATY suggests some volalility. |
| Average Directional Index/ADX (14) | 14.78 | NEGATIVE | The low ADX value for CATY 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 |
|---|---|---|---|
| 54.24 | 51.25 | 2.99 (5.51%) | 18.14% |
| An entry @54.24. This is a Buy Stop order right above the resistance zone. | An exit @51.25. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 2.99 points, which is 5.51%. | For a 1.00% total portfolio risk, you can invest 18.14% 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.
53.33
+0.53 (+1%)
CATHAY GENERAL BANCORP / CATY FAQ
What is the technical rating for CATY stock?
ChartMill assigns a technical rating of 9 / 10 to CATY.
What is the current trend direction of CATHAY GENERAL BANCORP (CATY) stock?
The current trend direction for CATHAY GENERAL BANCORP (CATY) is Bullish.
Can you provide the RSI signal for CATHAY GENERAL BANCORP?
CATHAY GENERAL BANCORP (CATY) has an RSI value of 59.068. This indicates that the stock is currently neutral.
What is the MACD signal for CATY stock?
The MACD indicator for CATHAY GENERAL BANCORP (CATY) has a value of 0.0605079, indicating a bearish trend.
Can you provide the buy/sell signal for CATHAY GENERAL BANCORP?
The buy/sell signal for CATHAY GENERAL BANCORP (CATY) is buy as both the short term and long term trends are positive.