We assign a technical rating of 5 out of 10 to EWBC. In the last year, EWBC was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
Although the technical rating is only medium, EWBC 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 108.87. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 103.57, a Stop Loss order could be placed below this zone.
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4 important support areas can be observed.
- A support zone ranging from 103.18 to 103.57. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 99.60 to 101.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 94.31 to 95.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @74.27 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 108.87 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 | 42.23 | NEUTRAL | EWBC is not amongst the best or worst performers 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) | DOWN | MIXED | The current price of EWBC is above a declining 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) | 58.92 | NEUTRAL | The RSI value for EWBC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.58 | POSITIVE | The MACD value suggests EWBC has a positive trend. |
| Stochastics (14,3) | 83.83 | OVERBOUGHT | The high Stochastics value suggests EWBC may be overbought. |
| Average True Range in percent/ATR (20) | 2.72 | MEDIUM VOLATILITY | The ATR as a percentage value for EWBC suggests some volalility. |
| Average Directional Index/ADX (14) | 13.78 | NEGATIVE | The low ADX value for EWBC suggests a weak or negative trend. |
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+0.1 (+0.09%)
EAST WEST BANCORP INC / EWBC FAQ
What is the ChartMill technical rating of EAST WEST BANCORP INC (EWBC) stock?
ChartMill assigns a technical rating of 5 / 10 to EWBC.
Can you provide the trend direction for EAST WEST BANCORP INC?
The current trend direction for EAST WEST BANCORP INC (EWBC) is Bullish.
Can you provide the RSI signal for EAST WEST BANCORP INC?
EAST WEST BANCORP INC (EWBC) has an RSI value of 58.9163. This indicates that the stock is currently neutral.
What is the buy/sell signal for EWBC stock?
The buy/sell signal for EAST WEST BANCORP INC (EWBC) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for EAST WEST BANCORP INC (EWBC) stock?
EAST WEST BANCORP INC (EWBC) has a support level at 103.57 and a resistance level at 108.87. Check the full technical report for our detailed analysis of EWBC support and resistance levels.