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Canadian Western Bank (CWB.CA) Stock Technical Analysis

TSX:CWB - Toronto Stock Exchange - CA13677F1018 - Common Stock - Currency: CAD

56.63  -0.62 (-1.08%)

Technical Rating and Analysis

3

Taking everything into account, CWB scores 3 out of 10 in our technical rating. Although CWB is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.

Looking at the yearly performance, CWB did better than 89% of all other stocks.
CWB is one of the better performing stocks in the Banks industry, it outperforms 96% of 32 stocks in the same industry.
CWB 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 CWB is lagging the market slightly.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
In the last month CWB has a been trading in the 53.00 - 59.91 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
Weekly and Daily overview Charts
Canadian Western Bank / CWB Weekly stock chart
Canadian Western Bank / CWB Daily stock chart
Setup Rating and Analysis

3

The technical rating of CWB is bad and it also does not present a quality setup 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.

Support and Resistance Analysis

24.81

60.82

3 important support areas can be observed.

  • Support @56.62 from a horizontal line in the weekly time frame.
  • Support @55.58 from a horizontal line in the daily time frame.
  • Support @25.06 from a horizontal line in the weekly time frame.

When analyzing the resistance we notice 2 important areas.

  • A resistance zone ranging from 57.53 to 59.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Resistance @60.22 from a horizontal line in the weekly time frame.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.41
Mansfield1.78
10 Day High59.34
10 Day Low53
20 Day High59.91
20 Day Low53
52 Week High61.81
52 Week Low24.66
Performance
1 Week-2.43%
2 Weeks-4.18%
1 Month-4.23%
3 Month-2.36%
6 Month20.69%
12 Month97.94%
2 Year103.85%
3 Year52.6%
5 Year89.4%
10 Year94.87%
15 Year172.26%
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)
Technical Indicators
MACD(12,26,9)-0.21
RSI(14)37.35
LBB56.91
UBB59.49
Canadian Western Bank / CWB Daily stock chart

Canadian Western Bank

TSX:CWB (2/4/2025, 7:00:00 PM)

56.63

-0.62 (-1.08%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-1.08%
1 Week-2.43%
2 Weeks-4.18%
1 Month-4.23%
3 Month-2.36%
6 Month20.69%
12 Month97.94%
2 Year103.85%
3 Year52.6%
5 Year89.4%
10 Year94.87%
15 Year172.26%
Volatility
ATR(14)1.52
ATR(20)%2.19%
ATR Inc189.87%
Range Today1.7
ADR(20)1.24
ADR(20)%2.18%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.41
Mansfield1.78
10 Day High59.34
10 Day Low53
20 Day High59.91
20 Day Low53
52 Week High61.81
52 Week Low24.66
CS1 End56.62
CR1 Start57.53
Volume & EV
DER(3)-3.59%
DER(5)0.41%
Volume2.36M
Volume Incr431.92%
Vol(5)1.69M
Vol(50)526.63K