CATHAY GENERAL BANCORP (CATY) Stock Technical Analysis
USA - NASDAQ:CATY - US1491501045 - Common Stock
47.92 USD
-0.8 (-1.64%)
47.92 USD
0 (0%)
We assign a technical rating of 7 out of 10 to CATY. Although CATY is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
In the last month CATY has a been trading in the 47.23 - 51.08 range, which is quite wide. It is currently trading near the lows of this range.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
When comparing the performance of all stocks over the past year, CATY turns out to be only a medium performer in the overall market: it outperformed 64% of all stocks.
CATY is an average performer in the Banks industry, it outperforms 60% of 392 stocks in the same industry.
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, it does not offer a high 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
37.99
50.38
We found 5 important support areas.
- A support zone ranging from 47.30 to 47.53. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @45.58 from a horizontal line in the daily time frame.
- A support zone ranging from 44.77 to 44.82. 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 @38.37 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 47.96 to 48.12. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 49.29 to 49.88. 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 | NEUTRAL | NEUTRAL | The short term trend for CATY is neutral. |
| ChartMill Relative Strength | 64.78 | NEUTRAL | CATY is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of CATY is below the rising 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) | 43.63 | NEUTRAL | The RSI value for CATY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.27 | NEGATIVE | The MACD value suggests CATY has a negative trend. |
| Stochastics (14,3) | 13.29 | OVERSOLD | The low Stochastics value suggests CATY may be oversold. |
| Average True Range in percent/ATR (20) | 1.97 | LOW VOLATILITY | The low ATR as a percentage value for CATY suggests low volalility. |
| Average Directional Index/ADX (14) | 26.14 | 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)
47.92
-0.8 (-1.64%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-1.64%
1 Week-2.72%
2 Weeks-3.56%
1 Month0.57%
3 Month10.82%
6 Month10.72%
12 Month10.47%
2 Year37.86%
3 Year24.6%
5 Year121.03%
10 Year59.95%
15 Year303.03%
Volatility
ATR(14)0.91
ATR(20)%1.97%
ATR Inc32.14%
Range Today1.3
ADR(20)0.91
ADR(20)%1.89%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS64.78
Mansfield-0.6
10 Day High51.08
10 Day Low47.23
20 Day High51.08
20 Day Low47.23
52 Week High55.29
52 Week Low36.06
CS1 End47.53
CR1 Start47.96
Volume & EV
DER(3)2.73%
DER(5)1.45%
Volume937.00K
Volume Incr35.49%
Vol(5)465.04K
Vol(50)410.03K