Overall CATY gets a technical rating of 8 out of 10. 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.
CATY has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 48.65, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
38.62
When analyzing the support we can see 4 important areas.
- A support zone ranging from 47.69 to 48.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @46.47 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 @39.01 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 50.42 to 51.01. 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 | 53.5 | NEUTRAL | CATY is not amongst the best or worst performers 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) | 55.27 | NEUTRAL | The RSI value for CATY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests CATY has a negative trend. |
| Stochastics (14,3) | 48.32 | NEUTRAL | The Stochastics value for CATY is a neutral value. |
| Average True Range in percent/ATR (20) | 2.29 | MEDIUM VOLATILITY | The ATR as a percentage value for CATY suggests some volalility. |
| Average Directional Index/ADX (14) | 21.79 | NEUTRAL | The ADX value for CATY suggests a possible start of a new 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 |
|---|---|---|---|
| 51.02 | 48.88 | 2.14 (4.20%) | 23.79% |
| An entry @51.02. This is a Buy Stop order right above the resistance zone. | An exit @48.88. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 2.14 points, which is 4.20%. | For a 1.00% total portfolio risk, you can invest 23.79% 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.
50.02
-0.4 (-0.79%)
CATHAY GENERAL BANCORP / CATY FAQ
What is the technical rating for CATY stock?
ChartMill assigns a technical rating of 8 / 10 to CATY.
Can you provide the trend direction for CATHAY GENERAL BANCORP?
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 55.2737. This indicates that the stock is currently neutral.
Can you provide the short term momentum for CATHAY GENERAL BANCORP?
The short term momentum for CATHAY GENERAL BANCORP (CATY) is positive.
What is the buy/sell signal for CATHAY GENERAL BANCORP (CATY) stock?
The buy/sell signal for CATHAY GENERAL BANCORP (CATY) is buy as both the short term and long term trends are positive.