EAST WEST BANCORP INC (EWBC) Stock Technical Analysis
USA - NASDAQ:EWBC - US27579R1041 - Common Stock
109.38 USD
+0.11 (+0.1%)
109.38 USD
0 (0%)
Overall EWBC gets a technical rating of 10 out of 10. Both in the recent history as in the last year, EWBC has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, EWBC did better than 84% of all other stocks.
EWBC is part of the Banks industry. There are 391 other stocks in this industry. EWBC outperforms 88% of them.
EWBC is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
EWBC is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
EWBC has an excellent technical rating and also presents a decent setup pattern. 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 110.08. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 108.87, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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.
More info and screens
72.83
112.34
5 important support areas can be observed.
- A support zone ranging from 107.79 to 108.87. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 104.70 to 105.63. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @100.88 from a trend line in the daily time frame.
- A support zone ranging from 97.41 to 98.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @73.57 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 110.08 to 111.23. 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 EWBC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EWBC is up. |
| ChartMill Relative Strength | 84.35 | POSITIVE | EWBC has a high relative strength, it outperformed 84.35% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of EWBC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of EWBC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of EWBC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.24 | NEUTRAL | The RSI value for EWBC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.34 | POSITIVE | The MACD value suggests EWBC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 80.09 | OVERBOUGHT | The high Stochastics value suggests EWBC may be overbought. |
| Average True Range in percent/ATR (20) | 2.17 | MEDIUM VOLATILITY | The ATR as a percentage value for EWBC suggests some volalility. |
| Average Directional Index/ADX (14) | 21.23 | NEUTRAL | The ADX value for EWBC suggests a possible start of a new 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 111.24 | 107.78 | 3.46 (3.11%) | 25.00% |
| An entry @111.24. This is a Buy Stop order right above the resistance zone. | An exit @107.78. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 3.46 points, which is 3.11%. | For a 0.78% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of EWBC. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
109.38
+0.11 (+0.1%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg0.1%
1 Week1.68%
2 Weeks3.23%
1 Month5.94%
3 Month19.51%
6 Month24.34%
12 Month37.58%
2 Year107.51%
3 Year62.91%
5 Year234.09%
10 Year184.7%
15 Year571.87%
Volatility
ATR(14)2.34
ATR(20)%2.17%
ATR Inc-13.04%
Range Today1.84
ADR(20)2.34
ADR(20)%2.14%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.35
Mansfield0.32
10 Day High110.8
10 Day Low102.76
20 Day High110.8
20 Day Low100.01
52 Week High113.95
52 Week Low68.27
CS1 End108.87
CR1 Start110.08
Volume & EV
DER(3)0.96%
DER(5)1.29%
Volume1.05M
Volume Incr48.53%
Vol(5)1.08M
Vol(50)870.62K