CATHAY GENERAL BANCORP (CATY)

US1491501045 - Common Stock

39.38  -0.48 (-1.2%)

After market: 39.38 0 (0%)

Technical Rating and Analysis

2

Overall CATY gets a technical rating of 2 out of 10. In the last year, CATY was a bad performer. We also see some doubts in the very recent evolution, but in the medium term things still look positive.

67% of all other stocks performed better in the past year than CATY.
In the last month CATY has a been trading in the 38.13 - 44.30 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 negative. It is probably better to wait until this picture becomes clearer.
CATY is an average performer in the Banks industry, it outperforms 56% of 416 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.
Weekly and Daily overview Charts
CATY Weekly chart
CATY Daily chart
Setup Rating and Analysis

8

CATY has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 40.35. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 39.37, a Stop Loss order could be placed below this zone.

Support and Resistance Analysis

31.66

45.76

4 important support areas can be observed.

  • A support zone ranging from 38.68 to 39.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @37.40 from a trend line in the weekly time frame.
  • Support @36.15 from a trend line in the daily time frame.
  • Support @31.98 from a horizontal line in the daily time frame.

When analyzing the resistance we notice 4 important areas.

  • A resistance zone ranging from 40.35 to 40.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A resistance zone ranging from 42.25 to 42.26. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
  • A resistance zone ranging from 44.07 to 44.58. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Resistance @45.31 from a horizontal line in the weekly time frame.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS33.85
Mansfield-0.38
10 Day High41.17
10 Day Low38.13
20 Day High44.3
20 Day Low38.13
52 Week High45.72
52 Week Low27.24
Performance
1 Week1.78%
2 Weeks0.25%
1 Month-9.66%
3 Month7.45%
6 Month14.11%
12 Month-10.15%
2 Year-16.27%
3 Year4.62%
5 Year1.39%
10 Year54.98%
15 Year305.14%
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)-0.01
RSI(14)42.38
LBB38.42
UBB40.98
CATY Daily chart

CATHAY GENERAL BANCORP

NASDAQ:CATY (2/21/2024, 7:00:02 PM)

After market: 39.38 0 (0%)

39.38

-0.48 (-1.2%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-1.2%
1 Week1.78%
2 Weeks0.25%
1 Month-9.66%
3 Month7.45%
6 Month14.11%
12 Month-10.15%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)1.3
ATR(20)%3.17%
ATR Inc
Range Today0.58
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High41.17
10 Day Low38.13
20 Day High44.3
20 Day Low38.13
52 Week High45.72
52 Week Low27.24
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume288.20K
Volume Incr-5.55%
Vol(5)317.64K
Vol(50)323.63K