CATHAY GENERAL BANCORP (CATY) Technical Analysis
NASDAQ:CATY • US1491501045
Current stock price
CATY Technical Rating and Analysis
Taking everything into account, CATY scores 1 out of 10 in our technical rating. 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.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- In the last month CATY has a been trading in the 45.75 - 53.63 range, which is quite wide. It is currently trading near the lows of this range.
- When compared to the yearly performance of all other stocks, CATY outperforms 56% of them, which is more or less in line with the market.
- CATY is part of the Banks industry. There are 381 other stocks in this industry, CATY did better than 47% 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.
- Volume is considerably higher in the last couple of days.
CATY Weekly and Daily overview Charts
CATY Setup Rating and Analysis
CATY has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 49.08. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 47.59, a Stop Loss order could be placed below this zone.
More info and screens
CATY Support and Resistance Analysis
39.15
When analyzing the support we can see 3 important areas.
- A support zone ranging from 47.18 to 47.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 44.78 to 44.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @39.55 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 49.08 to 49.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 54.11 to 54.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
CATY Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The long term trend for CATY is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CATY is down. |
| ChartMill Relative Strength | 56.37 | 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) | DOWN | NEGATIVE | The current price of CATY is below a declining 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) | 37.18 | NEUTRAL | The RSI value for CATY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests CATY has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 34.94 | NEUTRAL | The Stochastics value for CATY is a neutral value. |
| Average True Range in percent/ATR (20) | 3.25 | MEDIUM VOLATILITY | The ATR as a percentage value for CATY suggests some volalility. |
| Average Directional Index/ADX (14) | 30.74 | POSITIVE | The high ADX value value for CATY suggests a strong trend. |
CATY Chart- and CandleStick Pattern Analysis
CATY Technicals: Chart, Performance Metrics, Trend & Indicators
47.83
+0.3 (+0.63%)
CATHAY GENERAL BANCORP / CATY TA FAQ
What is the technical rating for CATY stock?
ChartMill assigns a technical rating of 1 / 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 Bearish.
Can you provide the RSI signal for CATHAY GENERAL BANCORP?
CATHAY GENERAL BANCORP (CATY) has an RSI value of 37.1763. 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 -0.104067, 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 sell as both the short term and long term trends are negative.