EAST WEST BANCORP INC (EWBC) Stock Technical Analysis
NASDAQ:EWBC - Nasdaq - US27579R1041 - Common Stock - Currency: USD
Overall EWBC gets a technical rating of 7 out of 10. Although EWBC has been one of the better performers in the overall market, we have a mixed picture in the medium term time frame. But recently some decent action can be observed again.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
EWBC is one of the better performing stocks in the Banks industry, it outperforms 75% of 396 stocks in the same industry.
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.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
EWBC has an average volume of 1090130 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that EWBC is one of the better performing stocks in the market, outperforming 84% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
EWBC is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so EWBC is lagging the market slightly.
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.
More info and screens
73.64
97.42
2 important support areas can be observed.
- A support zone ranging from 89.80 to 93.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @74.38 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 95.50 to 96.46. 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 | NEUTRAL | NEUTRAL | The long term trend for EWBC is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EWBC is up. |
| ChartMill Relative Strength | 84.25 | POSITIVE | EWBC has a high relative strength, it outperformed 84.25% 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) | 60.33 | NEUTRAL | The RSI value for EWBC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.28 | NEGATIVE | The MACD value suggests EWBC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 55.72 | NEUTRAL | The Stochastics value for EWBC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.34 | MEDIUM VOLATILITY | The ATR as a percentage value for EWBC suggests some volalility. |
| Average Directional Index/ADX (14) | 20.86 | 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)
94.26
+2.73 (+2.98%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg2.98%
1 Week3.36%
2 Weeks3.65%
1 Month4.97%
3 Month5.82%
6 Month-10.51%
12 Month30.92%
2 Year78.56%
3 Year45.46%
5 Year160.1%
10 Year110.31%
15 Year518.1%
Volatility
ATR(14)2.12
ATR(20)%2.34%
ATR Inc21.41%
Range Today1.46
ADR(20)1.83
ADR(20)%1.94%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.25
Mansfield0.12
10 Day High94.32
10 Day Low88.26
20 Day High97.28
20 Day Low88.26
52 Week High113.95
52 Week Low68.27
CS1 End93.75
CR1 Start95.5
Volume & EV
DER(3)-1.13%
DER(5)-1.06%
Volume577.80K
Volume Incr-22.32%
Vol(5)598.30K
Vol(50)1.09M