COMMUNITY WEST BANCSHARES (CWBC) Stock Technical Analysis
NASDAQ:CWBC - Nasdaq - US2039371073 - Common Stock - Currency: USD
We assign a technical rating of 4 out of 10 to CWBC. CWBC has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
Although the technical rating is only medium, CWBC does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 18.39. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 18.12, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for CWBC in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
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15.56
When analyzing the support we can see 3 important areas.
- A support zone ranging from 17.86 to 18.12. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @16.24 from a trend line in the weekly time frame.
- A support zone ranging from 15.72 to 15.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 18.39 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 | NEUTRAL | NEUTRAL | The short term trend for CWBC is neutral. |
| ChartMill Relative Strength | 58.53 | 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) | DOWN | MIXED | The current price of CWBC is above a declining 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) | 58.18 | NEUTRAL | The RSI value for CWBC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests CWBC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 46.52 | NEUTRAL | The Stochastics value for CWBC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.06 | MEDIUM VOLATILITY | The ATR as a percentage value for CWBC suggests some volalility. |
| Average Directional Index/ADX (14) | 14.17 | NEGATIVE | The low ADX value for CWBC suggests a weak or negative trend. |
18.26
+0.27 (+1.5%)