COASTAL FINANCIAL CORP/WA (CCB) Stock Technical Analysis
NASDAQ:CCB • US19046P2092
We assign a technical rating of 0 out of 10 to CCB. CCB scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, CCB is a bad performer in the overall market: 81% of all stocks are doing better.
- CCB is part of the Banks industry. There are 381 other stocks in this industry, of which 94% are performing better than CCB.
- CCB is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- CCB is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
CCB has a poor technical rating and the quality of the setup is also not perfect 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.
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81.49
When analyzing the support we notice one important area.
- A support zone ranging from 82.31 to 83.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
4 important resistance areas can be observed.
- A resistance zone ranging from 85.61 to 85.67. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @108.45 from a horizontal line in the daily time frame.
- Resistance @115.88 from a horizontal line in the daily time frame.
- Resistance @118.00 from a horizontal line in the weekly 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 | DOWN | NEGATIVE | The long term trend for CCB is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CCB is down. |
| ChartMill Relative Strength | 19.07 | NEGATIVE | CCB has a low relative strength, it was outperformed by 80.93% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CCB is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CCB is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of CCB is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 28.57 | OVERSOLD | The low RSI value suggests CCB may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests CCB has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 13.36 | OVERSOLD | The low Stochastics value suggests CCB may be oversold. |
| Average True Range in percent/ATR (20) | 5.83 | HIGH VOLATILITY | The high ATR as a percentage value for CCB suggests high volalility. |
| Average Directional Index/ADX (14) | 36.01 | POSITIVE | The high ADX value value for CCB suggests a strong trend. |
83.65
-0.32 (-0.38%)
COASTAL FINANCIAL CORP/WA / CCB FAQ
What is the technical rating for CCB stock?
ChartMill assigns a technical rating of 0 / 10 to CCB.
What is the current trend direction of COASTAL FINANCIAL CORP/WA (CCB) stock?
The current trend direction for COASTAL FINANCIAL CORP/WA (CCB) is Bearish.
Can you provide the RSI signal for COASTAL FINANCIAL CORP/WA?
COASTAL FINANCIAL CORP/WA (CCB) has an RSI value of 28.5707. This indicates that the stock is currently oversold.
What is the short term momentum for COASTAL FINANCIAL CORP/WA (CCB) stock?
The short term momentum for COASTAL FINANCIAL CORP/WA (CCB) is negative.
Can you provide the buy/sell signal for COASTAL FINANCIAL CORP/WA?
The buy/sell signal for COASTAL FINANCIAL CORP/WA (CCB) is sell as both the short term and long term trends are negative.