Canadian Western Bank (CWB.CA) Technical Analysis
TSX:CWB • CA13677F1018
Current stock price
CWB.CA Technical Rating and Analysis
We assign a technical rating of 3 out of 10 to CWB. 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 24 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.
CWB.CA Weekly and Daily overview Charts
CWB.CA Setup Rating and Analysis
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
CWB.CA Support and Resistance Analysis
24.81
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.
2 important resistance areas can be observed.
- 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.
CWB.CA Technical Indicator Signal Analysis
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. |
CWB.CA Chart- and CandleStick Pattern Analysis
CWB.CA Technicals: Chart, Performance Metrics, Trend & Indicators
TSX:CWB (2/4/2025, 7:00:00 PM)
56.63
-0.62 (-1.08%)
Canadian Western Bank / CWB.CA TA FAQ
What is the technical rating for CWB stock?
ChartMill assigns a technical rating of 3 / 10 to CWB.CA.
What is the trend direction for CWB stock?
The current trend direction for Canadian Western Bank (CWB.CA) is Bearish.
Can you provide the RSI signal for Canadian Western Bank?
Canadian Western Bank (CWB.CA) has an RSI value of 37.3474. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for Canadian Western Bank?
Canadian Western Bank (CWB.CA) has a support level at 56.62 and a resistance level at 57.53. Check the full technical report for our detailed analysis of CWB.CA support and resistance levels.