Taking everything into account, CATY scores 7 out of 10 in our technical rating. Although CATY is a bad 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. There is a resistance zone just above the current price starting at 50.42. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 48.01, a Stop Loss order could be placed below this zone.
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38.53
When analyzing the support we can see 4 important areas.
- A support zone ranging from 47.13 to 48.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 44.78 to 45.95. 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 @38.92 from a trend line in the weekly time frame.
We found 1 important resistance area.
- Resistance @50.42 from a horizontal line in the daily 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 | 39.03 | 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) | 57.97 | NEUTRAL | The RSI value for CATY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.2 | POSITIVE | The MACD value suggests CATY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 84.38 | OVERBOUGHT | The high Stochastics value suggests CATY may be overbought. |
| Average True Range in percent/ATR (20) | 2.49 | MEDIUM VOLATILITY | The ATR as a percentage value for CATY suggests some volalility. |
| Average Directional Index/ADX (14) | 17.94 | NEGATIVE | The low ADX value for CATY suggests a weak or negative 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 |
|---|---|---|---|
| 50.43 | 47.12 | 3.31 (6.56%) | 15.24% |
| An entry @50.43. This is a Buy Stop order right above the resistance zone. | An exit @47.12. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 3.31 points, which is 6.56%. | For a 1.00% total portfolio risk, you can invest 15.24% 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.
49.27
-0.53 (-1.06%)
CATHAY GENERAL BANCORP / CATY FAQ
What is the technical rating for CATY stock?
ChartMill assigns a technical rating of 7 / 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 57.9662. 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.