COMMUNITY WEST BANCSHARES (CWBC) Stock Technical Analysis
NASDAQ:CWBC • US2039371073
Taking everything into account, CWBC scores 3 out of 10 in our technical rating. CWBC has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
- In the last month CWBC has a been trading in the 22.78 - 25.72 range, which is quite wide. It is currently trading near the lows of this range.
- CWBC 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 CWBC is lagging the market slightly.
- The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
- When comparing the performance of all stocks over the past year, CWBC turns out to be only a medium performer in the overall market: it outperformed 69% of all stocks.
- CWBC is part of the Banks industry. There are 379 other stocks in this industry, CWBC did better than 62% of them.
CWBC has a poor technical rating and the quality of the setup is also only medium at the moment. Prices have been consolidating lately.
More info and screens
21.01
When analyzing the support we can see 3 important areas.
- A support zone ranging from 23.10 to 23.44. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
- A support zone ranging from 22.05 to 22.24. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @21.22 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 23.45 to 23.88. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 25.41 to 25.41. 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 | UP | POSITIVE | The long term trend for CWBC is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CWBC is down. |
| ChartMill Relative Strength | 69.8 | 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 | NEGATIVE | The current price of CWBC is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CWBC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 43.62 | NEUTRAL | The RSI value for CWBC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.18 | NEGATIVE | The MACD value suggests CWBC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 20.57 | NEUTRAL | The Stochastics value for CWBC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.96 | MEDIUM VOLATILITY | The ATR as a percentage value for CWBC suggests some volalility. |
| Average Directional Index/ADX (14) | 16.34 | NEGATIVE | The low ADX value for CWBC suggests a weak or negative trend. |
23.44
+0.21 (+0.9%)
COMMUNITY WEST BANCSHARES / CWBC FAQ
Can you provide the ChartMill technical rating for COMMUNITY WEST BANCSHARES?
ChartMill assigns a technical rating of 3 / 10 to CWBC.
What is the trend direction for CWBC stock?
The current trend direction for COMMUNITY WEST BANCSHARES (CWBC) is Bullish.
Can you provide the RSI signal for COMMUNITY WEST BANCSHARES?
COMMUNITY WEST BANCSHARES (CWBC) has an RSI value of 43.6245. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for COMMUNITY WEST BANCSHARES?
The buy/sell signal for COMMUNITY WEST BANCSHARES (CWBC) is hold as the short term and long term trends are mixed.
What is the support and resistance level for CWBC stock?
COMMUNITY WEST BANCSHARES (CWBC) has a support level at 23.44 and a resistance level at 23.45. Check the full technical report for our detailed analysis of CWBC support and resistance levels.