EAST WEST BANCORP INC (EWBC) Stock Technical Analysis
USA - NASDAQ:EWBC - US27579R1041 - Common Stock
Taking everything into account, EWBC scores 2 out of 10 in our technical rating. EWBC has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
Although the technical rating is bad, EWBC does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 95.98, a Stop Loss order could be placed below this zone.
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73.21
We found 2 important support areas.
- 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 @73.95 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 | NEUTRAL | NEUTRAL | The long term trend for EWBC is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for EWBC is neutral. |
| ChartMill Relative Strength | 49.96 | NEUTRAL | EWBC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of EWBC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of EWBC is below 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) | 49.19 | NEUTRAL | The RSI value for EWBC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests EWBC has a positive trend. |
| Stochastics (14,3) | 59.85 | NEUTRAL | The Stochastics value for EWBC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.99 | MEDIUM VOLATILITY | The ATR as a percentage value for EWBC suggests some volalility. |
| Average Directional Index/ADX (14) | 16.78 | NEGATIVE | The low ADX value for EWBC suggests a weak or negative trend. |
102.52
+0.55 (+0.54%)
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 2 / 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 Bearish.
Can you provide the RSI signal for EAST WEST BANCORP INC?
EAST WEST BANCORP INC (EWBC) has an RSI value of 49.1949. This indicates that the stock is currently neutral.
What is the support and resistance level for EWBC stock?
EAST WEST BANCORP INC (EWBC) has a support level at 95.98 and a resistance level at 108.87. Check the full technical report for our detailed analysis of EWBC support and resistance levels.