EAST WEST BANCORP INC (EWBC) Technical Analysis
NASDAQ:EWBC • US27579R1041
Current stock price
EWBC Technical Rating and Analysis
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.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, EWBC did better than 80% of all other stocks. We also observe that the gains produced by EWBC over the past year are nicely spread over this period.
- EWBC is one of the better performing stocks in the Banks industry, it outperforms 81% of 376 stocks in the same industry.
- 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.
- In the last month EWBC has a been trading in the 103.46 - 121.39 range, which is quite wide. It is currently trading near the high of this range.
- EWBC has an average volume of 1107920 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
EWBC Weekly and Daily overview Charts
EWBC Setup Rating and Analysis
Although EWBC has an excellent technical rating, the quality of the presented setup is not ideal 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.
More info and screens
EWBC Support and Resistance Analysis
74.85
4 important support areas can be observed.
- A support zone ranging from 112.07 to 112.84. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 105.50 to 106.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 103.25 to 103.53. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @75.61 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 122.50 to 122.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
EWBC Technical Indicator Signal Analysis
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 | 80.66 | POSITIVE | EWBC has a high relative strength, it outperformed 80.66% 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) | 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) | 69.94 | NEUTRAL | The RSI value for EWBC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.03 | POSITIVE | The MACD value suggests EWBC has a positive trend. |
| Stochastics (14,3) | 93.39 | OVERBOUGHT | The high Stochastics value suggests EWBC may be overbought. |
| Average True Range in percent/ATR (20) | 2.2 | MEDIUM VOLATILITY | The ATR as a percentage value for EWBC suggests some volalility. |
| Average Directional Index/ADX (14) | 26.18 | POSITIVE | The high ADX value value for EWBC suggests a strong trend. |
EWBC Chart- and CandleStick Pattern Analysis
EWBC Example Setup
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 |
|---|---|---|---|
| 122.57 | 113.44 | 9.13 (7.45%) | 13.42% |
| An entry @122.57. This is a Buy Stop order right above the resistance zone. | An exit @113.44. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 9.13 points, which is 7.45%. | When investing 13.42% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
EWBC Technicals: Chart, Performance Metrics, Trend & Indicators
120.9
+1.81 (+1.52%)
EAST WEST BANCORP INC / EWBC TA FAQ
What is the ChartMill technical rating of EAST WEST BANCORP INC (EWBC) stock?
ChartMill assigns a technical rating of 10 / 10 to EWBC.
What is the current trend direction of EAST WEST BANCORP INC (EWBC) stock?
The current trend direction for EAST WEST BANCORP INC (EWBC) is Bullish.
What is the RSI signal for EWBC stock?
EAST WEST BANCORP INC (EWBC) has an RSI value of 69.9389. This indicates that the stock is currently neutral.
What is the MACD signal for EAST WEST BANCORP INC (EWBC) stock?
The MACD indicator for EAST WEST BANCORP INC (EWBC) has a value of 1.0323, indicating a bullish trend.
What is the support and resistance level for EWBC stock?
EAST WEST BANCORP INC (EWBC) has a support level at 112.84 and a resistance level at 122.5. Check the full technical report for our detailed analysis of EWBC support and resistance levels.