CATHAY GENERAL BANCORP (CATY) Technical Analysis
NASDAQ:CATY • US1491501045
Current stock price
CATY Technical Rating and Analysis
Taking everything into account, CATY scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CATY is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that CATY is one of the better performing stocks in the market, outperforming 70% of all stocks. We also observe that the gains produced by CATY over the past year are nicely spread over this period.
- CATY is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month CATY has a been trading in the 48.34 - 55.09 range, which is quite wide. It is currently trading near the high of this range.
- CATY is part of the Banks industry. There are 376 other stocks in this industry, CATY did better than 56% of them.
- Considerably lower volume is observed in the last couple of days.
CATY Weekly and Daily overview Charts
CATY Setup Rating and Analysis
CATY has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
CATY Support and Resistance Analysis
39.58
We found 4 important support areas.
- A support zone ranging from 50.96 to 51.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 47.18 to 49.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @44.78 from a horizontal line in the daily time frame.
- Support @39.98 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 53.62 to 54.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
CATY Technical Indicator Signal Analysis
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 | 70.99 | POSITIVE | CATY has a high relative strength, it outperformed 70.99% off all stocks 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) | DOWN | MIXED | The current price of CATY is above a declining 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) | 62.2 | NEUTRAL | The RSI value for CATY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.23 | POSITIVE | The MACD value suggests CATY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 82.51 | OVERBOUGHT | The high Stochastics value suggests CATY may be overbought. |
| Average True Range in percent/ATR (20) | 2.1 | MEDIUM VOLATILITY | The ATR as a percentage value for CATY suggests some volalility. |
| Average Directional Index/ADX (14) | 29.91 | POSITIVE | The high ADX value value for CATY suggests a strong trend. |
CATY Chart- and CandleStick Pattern Analysis
CATY Example Setup
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 |
|---|---|---|---|
| 54.46 | 52.57 | 1.89 (3.47%) | 25.00% |
| An entry @54.46. This is a Buy Stop order right above the resistance zone. | An exit @52.57. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.89 points, which is 3.47%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.87%. |
- 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.
CATY Technicals: Chart, Performance Metrics, Trend & Indicators
53.56
-0.88 (-1.62%)
CATHAY GENERAL BANCORP / CATY TA FAQ
What is the technical rating for CATY stock?
ChartMill assigns a technical rating of 9 / 10 to CATY.
What is the current trend direction of CATHAY GENERAL BANCORP (CATY) stock?
The current trend direction for CATHAY GENERAL BANCORP (CATY) is Bullish.
What is the RSI signal for CATY stock?
CATHAY GENERAL BANCORP (CATY) has an RSI value of 62.1968. This indicates that the stock is currently neutral.
What is the short term momentum for CATY stock?
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.