COASTAL FINANCIAL CORP/WA (CCB) Stock Technical Analysis
USA - NASDAQ:CCB - US19046P2092 - Common Stock
108.06 USD
-0.95 (-0.87%)
108.06 USD
0 (0%)
Overall CCB gets a technical rating of 10 out of 10. 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 term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
Looking at the yearly performance, CCB did better than 93% of all other stocks. We also observe that the gains produced by CCB over the past year are nicely spread over this period.
CCB is part of the Banks industry. There are 392 other stocks in this industry. CCB outperforms 100% 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 102.57 - 118.00 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
CCB 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. There is a support zone below the current price at 104.66, a Stop Loss order could be placed below this zone.
More info and screens
78.24
117.04
We found 7 important support areas.
- A support zone ranging from 101.72 to 104.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @94.03 from a trend line in the weekly time frame.
- 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 @85.97 from a horizontal line in the daily time frame.
- Support @83.31 from a trend line in the daily time frame.
- Support @81.40 from a horizontal line in the daily time frame.
- Support @79.03 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 114.50 to 115.88. 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 | NEUTRAL | NEUTRAL | The short term trend for CCB is neutral. |
| ChartMill Relative Strength | 93.88 | POSITIVE | CCB has a high relative strength, it outperformed 93.88% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of CCB is below 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) | 48.82 | NEUTRAL | The RSI value for CCB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1 | NEGATIVE | The MACD value suggests CCB has a negative trend. |
| Stochastics (14,3) | 8.8 | OVERSOLD | The low Stochastics value suggests CCB may be oversold. |
| Average True Range in percent/ATR (20) | 2.94 | MEDIUM VOLATILITY | The ATR as a percentage value for CCB suggests some volalility. |
| Average Directional Index/ADX (14) | 24.92 | 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)
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 |
|---|---|---|---|
| 111.08 | 106.49 | 4.59 (4.13%) | 24.22% |
| An entry @111.08. This is a Buy Stop order right above the 10 day moving average. | An exit @106.49. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 4.59 points, which is 4.13%. | When investing 24.22% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
108.06
-0.95 (-0.87%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-0.87%
1 Week-2.32%
2 Weeks-5.41%
1 Month1.99%
3 Month25.59%
6 Month27.91%
12 Month109.14%
2 Year151.83%
3 Year171.92%
5 Year782.12%
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.81
ATR(20)%2.94%
ATR Inc-21.4%
Range Today2.57
ADR(20)3.14
ADR(20)%2.91%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.88
Mansfield1.38
10 Day High118
10 Day Low106.5
20 Day High118
20 Day Low102.57
52 Week High118
52 Week Low51.31
CS1 End104.66
CR1 Start114.5
Volume & EV
DER(3)-1.15%
DER(5)-1.54%
Volume87.40K
Volume Incr-26.67%
Vol(5)92.80K
Vol(50)124.84K