COMMUNITY WEST BANCSHARES (CWBC) Stock Technical Analysis
NASDAQ:CWBC - Nasdaq - US2039371073 - Common Stock - Currency: USD
Taking everything into account, CWBC scores 1 out of 10 in our technical rating. CWBC has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
Although the technical rating is bad, CWBC does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 18.41. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 17.97, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- 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 17.81 to 17.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @16.20 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.
We found 1 important resistance area.
- A resistance zone ranging from 18.41 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 | DOWN | NEGATIVE | The long term trend for CWBC is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CWBC is neutral. |
| ChartMill Relative Strength | 49.54 | NEUTRAL | CWBC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CWBC is below a declining 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) | 53.28 | NEUTRAL | The RSI value for CWBC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests CWBC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 29.09 | NEUTRAL | The Stochastics value for CWBC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.07 | MEDIUM VOLATILITY | The ATR as a percentage value for CWBC suggests some volalility. |
| Average Directional Index/ADX (14) | 13.48 | NEGATIVE | The low ADX value for CWBC suggests a weak or negative trend. |
NASDAQ:CWBC (6/9/2025, 9:57:27 AM)
18.01
+0.02 (+0.11%)