CATHAY GENERAL BANCORP (CATY) Stock Technical Analysis
NASDAQ:CATY - Nasdaq - US1491501045 - Common Stock - Currency: USD
Taking everything into account, CATY scores 3 out of 10 in our technical rating. Although CATY is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
In the last month CATY has a been trading in the 36.05 - 43.44 range, which is quite wide. It is currently trading near the high of this range.
When comparing the yearly performance of all stocks, we notice that CATY is one of the better performing stocks in the market, outperforming 73% of all stocks. However, CATY's most recent performance is quite weak.
CATY is an average performer in the Banks industry, it outperforms 48% of 398 stocks in the same industry.
CATY is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
CATY has a poor technical rating and the quality of the setup is also not perfect 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
36.94
45.69
We found 2 important support areas.
- A support zone ranging from 41.81 to 42.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 37.31 to 37.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 42.95 to 42.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @44.42 from a trend line in the daily time frame.
- Resistance @45.24 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS73.37
Mansfield-0.12
10 Day High43.44
10 Day Low37.95
20 Day High43.44
20 Day Low36.06
52 Week High55.29
52 Week Low34.75
Performance
1 Week1.78%
2 Weeks11.16%
1 Month11.19%
3 Month-9.58%
6 Month-6.51%
12 Month17.81%
2 Year46.85%
3 Year4.45%
5 Year57.93%
10 Year42.09%
15 Year289.66%
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)
Technical Indicators
MACD(12,26,9)0.52
RSI(14)58.51
LBB37.05
UBB44.55
42.94
+0.89 (+2.12%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg2.12%
1 Week1.78%
2 Weeks11.16%
1 Month11.19%
3 Month-9.58%
6 Month-6.51%
12 Month17.81%
2 Year46.85%
3 Year4.45%
5 Year57.93%
10 Year42.09%
15 Year289.66%
Volatility
ATR(14)1.48
ATR(20)%4.39%
ATR Inc-8.31%
Range Today1.58
ADR(20)1.78
ADR(20)%4.14%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS73.37
Mansfield-0.12
10 Day High43.44
10 Day Low37.95
20 Day High43.44
20 Day Low36.06
52 Week High55.29
52 Week Low34.75
CS1 End42.66
CR1 Start42.95
Volume & EV
DER(3)-1.6%
DER(5)-0.81%
Volume273.20K
Volume Incr-43.08%
Vol(5)331.64K
Vol(50)505.36K