Canadian Western Bank (CWB.CA) Stock Technical Analysis
TSX:CWB - Toronto Stock Exchange - CA13677F1018 - Common Stock - Currency: CAD
Overall CWB gets a technical rating of 3 out of 10. 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.
When comparing the yearly performance of all stocks, we notice that CWB is one of the better performing stocks in the market, outperforming 89% of all stocks.
CWB is one of the better performing stocks in the Banks industry, it outperforms 100% of 30 stocks in the same industry.
CWB is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so CWB is performing more or less in line with the market.
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.
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.
More info and screens
24.81
60.82
When analyzing the support we can see 3 important areas.
- 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.
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 | NEUTRAL | NEUTRAL | The long term trend for CWB.CA is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CWB.CA is down. |
| ChartMill Relative Strength | 89.53 | POSITIVE | CWB.CA has a high relative strength, it outperformed 89.53% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CWB.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CWB.CA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CWB.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 37.35 | NEUTRAL | The RSI value for CWB.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.21 | NEGATIVE | The MACD value suggests CWB.CA has a negative trend. |
| Stochastics (14,3) | 56.45 | NEUTRAL | The Stochastics value for CWB.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.19 | MEDIUM VOLATILITY | The ATR as a percentage value for CWB.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 31.45 | POSITIVE | The high ADX value value for CWB.CA 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)
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
CRS89.53
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