COASTAL FINANCIAL CORP/WA (CCB) Stock Technical Analysis
NASDAQ:CCB - Nasdaq - US19046P2092 - Common Stock - Currency: USD
We assign a technical rating of 9 out of 10 to CCB. Both in the recent history as in the last year, CCB has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, CCB did better than 94% of all other stocks.
CCB is part of the Banks industry. There are 396 other stocks in this industry. CCB outperforms 99% of them.
CCB is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so CCB is lagging the market slightly.
In the last month CCB has a been trading in the 84.94 - 92.63 range, which is quite wide. It is currently trading near the high of this range.
Prices have been consolidating recently, this may present a good entry opportunity.
Although CCB has an excellent technical rating, the quality of the presented setup is not ideal 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
78.22
89.07
We found 4 important support areas.
- A support zone ranging from 85.30 to 87.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @83.21 from a trend line in the daily time frame.
- Support @81.40 from a horizontal line in the daily time frame.
- A support zone ranging from 79.01 to 79.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 94.74 | POSITIVE | CCB has a high relative strength, it outperformed 94.74% 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) | DOWN | MIXED | The current price of CCB is above a declining 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) | 52.52 | NEUTRAL | The RSI value for CCB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests CCB has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 75.65 | NEUTRAL | The Stochastics value for CCB is a neutral value. |
| Average True Range in percent/ATR (20) | 3.02 | MEDIUM VOLATILITY | The ATR as a percentage value for CCB suggests some volalility. |
| Average Directional Index/ADX (14) | 11.93 | NEGATIVE | The low ADX value for CCB suggests a weak or negative 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)
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 |
|---|---|---|---|
| 92.64 | 85.29 | 7.35 (7.93%) | 12.61% |
| An entry @92.64. This is a Buy Stop order right above the 10 day high. | An exit @85.29. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 7.35 points, which is 7.93%. | For a 1.00% total portfolio risk, you can invest 12.61% 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.
88.19
-3.19 (-3.49%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-3.49%
1 Week2.73%
2 Weeks1.15%
1 Month1.84%
3 Month4.83%
6 Month6.23%
12 Month102.6%
2 Year134.24%
3 Year131.35%
5 Year507.37%
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.63
ATR(20)%3.02%
ATR Inc63.89%
Range Today5.06
ADR(20)2.65
ADR(20)%3%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.74
Mansfield1.8
10 Day High92.63
10 Day Low84.98
20 Day High92.63
20 Day Low84.94
52 Week High102.25
52 Week Low43.01
CS1 End87.94
CR1 StartN/A
Volume & EV
DER(3)1.03%
DER(5)1.18%
Volume94.00K
Volume Incr16.93%
Vol(5)100.92K
Vol(50)99.85K