COMMUNITY WEST BANCSHARES (CWBC) Stock Technical Analysis
NASDAQ:CWBC - Nasdaq - US2039371073 - Common Stock - Currency: USD
Taking everything into account, CWBC scores 5 out of 10 in our technical rating. CWBC has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
CWBC is one of the lesser performing stocks in the Banks industry. 68% of 396 stocks in the same industry do better.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month CWBC has a been trading in the 17.50 - 18.78 range, which is quite wide. It is currently trading near the high of this range.
When compared to the yearly performance of all other stocks, CWBC outperforms 63% of them, which is more or less in line with the market.
CWBC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CWBC is lagging the market.
CWBC has an average technical rating and also the quality of the setup is only medium 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
15.66
18.88
We found 5 important support areas.
- Support @18.57 from a horizontal line in the daily time frame.
- A support zone ranging from 17.92 to 18.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 17.52 to 17.58. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @16.24 from a trend line in the weekly time frame.
- Support @15.82 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 18.60 to 18.69. 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 | NEUTRAL | NEUTRAL | The long term trend for CWBC is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CWBC is up. |
| ChartMill Relative Strength | 63.65 | NEUTRAL | CWBC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CWBC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CWBC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CWBC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 63.25 | NEUTRAL | The RSI value for CWBC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests CWBC has a positive trend. |
| Stochastics (14,3) | 68.07 | NEUTRAL | The Stochastics value for CWBC is a neutral value. |
| Average True Range in percent/ATR (20) | 1.96 | LOW VOLATILITY | The low ATR as a percentage value for CWBC suggests low volalility. |
| Average Directional Index/ADX (14) | 15.58 | NEGATIVE | The low ADX value for CWBC suggests a weak or negative 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)
18.59
+0.33 (+1.81%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg1.81%
1 Week4.09%
2 Weeks2.59%
1 Month0.32%
3 Month3.28%
6 Month-13.53%
12 Month11.92%
2 Year53%
3 Year29.91%
5 Year120.79%
10 Year181.67%
15 Year643.6%
Volatility
ATR(14)0.41
ATR(20)%1.96%
ATR Inc25.57%
Range Today0.53
ADR(20)0.36
ADR(20)%1.91%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS63.65
Mansfield-0.69
10 Day High18.78
10 Day Low17.55
20 Day High18.78
20 Day Low17.5
52 Week High22.89
52 Week Low15.57
CS1 End18.57
CR1 Start18.6
Volume & EV
DER(3)4.08%
DER(5)3.59%
Volume123.60K
Volume Incr43.77%
Vol(5)63.02K
Vol(50)50.76K