CATHAY GENERAL BANCORP (CATY) Stock Technical Analysis
NASDAQ:CATY - Nasdaq - US1491501045 - Common Stock - Currency: USD
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.
Both the short term and long term trends are positive. This is a very positive sign.
CATY is one of the better performing stocks in the Banks industry, it outperforms 71% of 397 stocks in the same industry.
In the last month CATY has a been trading in the 42.01 - 48.84 range, which is quite wide. It is currently trading near the high of this range.
Looking at the yearly performance, CATY did better than 82% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
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.
Although CATY has an excellent technical rating, the quality of the presented setup is 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
37.85
48.58
4 important support areas can be observed.
- A support zone ranging from 45.45 to 45.62. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 43.89 to 44.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 41.69 to 42.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @38.23 from a trend line in the weekly 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 | 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 | 82.47 | POSITIVE | CATY has a high relative strength, it outperformed 82.47% 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) | 67.81 | NEUTRAL | The RSI value for CATY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.25 | POSITIVE | The MACD value suggests CATY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 91.92 | OVERBOUGHT | The high Stochastics value suggests CATY may be overbought. |
| Average True Range in percent/ATR (20) | 2.08 | MEDIUM VOLATILITY | The ATR as a percentage value for CATY suggests some volalility. |
| Average Directional Index/ADX (14) | 34.64 | 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)
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 |
|---|---|---|---|
| 48.85 | 45.29 | 3.56 (7.30%) | 13.70% |
| An entry @48.85. This is a Buy Stop order right above the 10 day high. | An exit @45.29. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 3.56 points, which is 7.30%. | For a 1.00% total portfolio risk, you can invest 13.70% 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.
48.1
-0.37 (-0.76%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-0.76%
1 Week0.27%
2 Weeks5.44%
1 Month7.41%
3 Month28.89%
6 Month5.53%
12 Month22.14%
2 Year26.45%
3 Year15.35%
5 Year98.92%
10 Year49.8%
15 Year309.01%
Volatility
ATR(14)0.98
ATR(20)%2.08%
ATR Inc-17.18%
Range Today0.73
ADR(20)0.99
ADR(20)%2.05%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS82.47
Mansfield-0.08
10 Day High48.84
10 Day Low45.3
20 Day High48.84
20 Day Low42.01
52 Week High55.29
52 Week Low36.06
CS1 End45.62
CR1 StartN/A
Volume & EV
DER(3)6.11%
DER(5)3.99%
Volume558.20K
Volume Incr-11.1%
Vol(5)434.40K
Vol(50)406.62K