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.
Both the short term and long term trends are positive. This is a very positive sign.
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 396 other stocks in this industry. CCB outperforms 98% of them.
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.
CCB is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Besides having an excellent technical rating, CCB also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 101.56, a Stop Loss order could be placed below this zone.
More info and screens
78.24
105.08
4 important support areas can be observed.
- A support zone ranging from 97.28 to 101.56. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 85.46 to 86.99. 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.
We found 1 important resistance area.
- A resistance zone ranging from 102.62 to 104.04. 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 | 93.15 | POSITIVE | CCB has a high relative strength, it outperformed 93.15% 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) | 60.56 | NEUTRAL | The RSI value for CCB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.45 | NEGATIVE | The MACD value suggests CCB has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 44.51 | NEUTRAL | The Stochastics value for CCB is a neutral value. |
| Average True Range in percent/ATR (20) | 3.65 | MEDIUM VOLATILITY | The ATR as a percentage value for CCB suggests some volalility. |
| Average Directional Index/ADX (14) | 29.67 | POSITIVE | The high ADX value value for CCB suggests a strong 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 |
|---|---|---|---|
| 104.05 | 97.27 | 6.78 (6.52%) | 15.35% |
| An entry @104.05. This is a Buy Stop order right above the resistance zone. | An exit @97.27. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 6.78 points, which is 6.52%. | When investing 15.35% 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.
101.7
+1.93 (+1.93%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg1.93%
1 Week0.14%
2 Weeks-0.9%
1 Month22.37%
3 Month22.16%
6 Month20.76%
12 Month100.39%
2 Year125.15%
3 Year146.67%
5 Year660.66%
10 YearN/A
15 YearN/A
Volatility
ATR(14)3.66
ATR(20)%3.65%
ATR Inc-29.41%
Range Today2.1
ADR(20)3.67
ADR(20)%3.61%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.15
Mansfield2.33
10 Day High105.57
10 Day Low95.04
20 Day High106.38
20 Day Low83.5
52 Week High106.38
52 Week Low45.92
CS1 End101.56
CR1 Start102.62
Volume & EV
DER(3)0.78%
DER(5)-0.93%
Volume71.60K
Volume Incr-13.64%
Vol(5)119.08K
Vol(50)111.68K