Taking everything into account, EWBC scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, EWBC is only an average performer.
Although EWBC has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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73.66
3 important support areas can be observed.
- A support zone ranging from 99.52 to 104.11. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @95.90 from a trend line in the daily time frame.
- Support @74.40 from a trend line in the weekly time frame.
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 | 68.91 | 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) | 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) | 68.06 | NEUTRAL | The RSI value for EWBC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.78 | POSITIVE | The MACD value suggests EWBC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 87.84 | OVERBOUGHT | The high Stochastics value suggests EWBC may be overbought. |
| Average True Range in percent/ATR (20) | 2.61 | MEDIUM VOLATILITY | The ATR as a percentage value for EWBC suggests some volalility. |
| Average Directional Index/ADX (14) | 29.4 | POSITIVE | The high ADX value value for EWBC suggests a strong trend. |
113.62
-1.19 (-1.04%)
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 8 / 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 68.0619. 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 104.11. Check the full technical report for our detailed analysis of EWBC support and resistance levels.