COASTAL FINANCIAL CORP/WA (CCB) Stock Technical Analysis
NASDAQ:CCB - Nasdaq - US19046P2092 - Common Stock - Currency: USD
We assign a technical rating of 10 out of 10 to CCB. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CCB 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 CCB is one of the better performing stocks in the market, outperforming 94% of all stocks. We also observe that the gains produced by CCB over the past year are nicely spread over this period.
CCB is one of the better performing stocks in the Banks industry, it outperforms 99% of 393 stocks in the same industry.
CCB 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 CCB has a been trading in the 91.25 - 108.69 range, which is quite wide. It is currently trading near the high of this range.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although CCB has an excellent technical rating, it does not present a decent entry opportunity 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
78.24
108.65
6 important support areas can be observed.
- A support zone ranging from 95.65 to 96.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 92.30 to 92.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @90.12 from a trend line in the weekly time frame.
- A support zone ranging from 85.97 to 87.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @81.40 from a horizontal line in the daily time frame.
- Support @79.03 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 CCB is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CCB is up. |
| ChartMill Relative Strength | 94.83 | POSITIVE | CCB has a high relative strength, it outperformed 94.83% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CCB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CCB is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CCB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 65.25 | NEUTRAL | The RSI value for CCB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.07 | POSITIVE | The MACD value suggests CCB has a positive trend. |
| Stochastics (14,3) | 95.81 | OVERBOUGHT | The high Stochastics value suggests CCB may be overbought. |
| Average True Range in percent/ATR (20) | 3.29 | MEDIUM VOLATILITY | The ATR as a percentage value for CCB suggests some volalility. |
| Average Directional Index/ADX (14) | 23.92 | NEUTRAL | The ADX value for CCB 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)
107.57
-0.29 (-0.27%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-0.27%
1 Week8.47%
2 Weeks16.42%
1 Month5.77%
3 Month20.87%
6 Month19.56%
12 Month118.37%
2 Year144.2%
3 Year167.59%
5 Year682.33%
10 YearN/A
15 YearN/A
Volatility
ATR(14)3.97
ATR(20)%3.29%
ATR Inc-31.81%
Range Today2.72
ADR(20)3.41
ADR(20)%3.17%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.83
Mansfield2.25
10 Day High108.69
10 Day Low91.54
20 Day High108.69
20 Day Low91.25
52 Week High108.69
52 Week Low47.9
CS1 End96.71
CR1 StartN/A
Volume & EV
DER(3)3.49%
DER(5)2.11%
Volume113.40K
Volume Incr26.47%
Vol(5)170.28K
Vol(50)136.13K