CATHAY GENERAL BANCORP (CATY) Stock Technical Analysis
NASDAQ:CATY - Nasdaq - US1491501045 - Common Stock - Currency: USD
Overall CATY gets a technical rating of 2 out of 10. CATY has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames 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 41.64 - 45.62 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
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 69% of all stocks.
CATY is an average performer in the Banks industry, it outperforms 49% of 396 stocks in the same industry.
CATY is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so CATY is lagging the market slightly.
CATY has a bad technical rating, but it does show 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. We notice that large players showed an interest for CATY in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
36.94
45.90
2 important support areas can be observed.
- Support @37.96 from a trend line in the weekly time frame.
- A support zone ranging from 37.31 to 37.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 43.17 to 44.23. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 45.19 to 45.45. This zone is formed by a combination of multiple trend lines 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 | DOWN | NEGATIVE | The long term trend for CATY is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CATY is neutral. |
| ChartMill Relative Strength | 69.83 | 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) | DOWN | MIXED | The current price of CATY is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of CATY is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.72 | NEUTRAL | The RSI value for CATY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.17 | NEGATIVE | The MACD value suggests CATY has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 36.49 | NEUTRAL | The Stochastics value for CATY is a neutral value. |
| Average True Range in percent/ATR (20) | 2.46 | MEDIUM VOLATILITY | The ATR as a percentage value for CATY suggests some volalility. |
| Average Directional Index/ADX (14) | 21.53 | NEUTRAL | The ADX value for CATY suggests a possible start of a new 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)
43.13
-0.12 (-0.28%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-0.28%
1 Week-0.02%
2 Weeks-3.23%
1 Month2.13%
3 Month-3.45%
6 Month-16.15%
12 Month18.29%
2 Year33.99%
3 Year10.17%
5 Year63.99%
10 Year32.91%
15 Year317.52%
Volatility
ATR(14)0.96
ATR(20)%2.46%
ATR Inc-11.77%
Range Today0.63
ADR(20)0.94
ADR(20)%2.18%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS69.83
Mansfield-0.61
10 Day High44.94
10 Day Low41.83
20 Day High45.62
20 Day Low41.64
52 Week High55.29
52 Week Low34.75
CS1 End37.96
CR1 Start43.17
Volume & EV
DER(3)3.27%
DER(5)1.33%
Volume722.70K
Volume Incr11.9%
Vol(5)366.64K
Vol(50)432.64K