Taking everything into account, EWBC scores 9 out of 10 in our technical rating. 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.
EWBC has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 115.92, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
73.90
When analyzing the support we can see 4 important areas.
- A support zone ranging from 114.96 to 115.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @112.39 from a horizontal line in the daily time frame.
- A support zone ranging from 106.57 to 110.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @74.65 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 117.46 to 118.84. 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 | 81.13 | POSITIVE | EWBC has a high relative strength, it outperformed 81.13% 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) | 61.48 | NEUTRAL | The RSI value for EWBC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests EWBC has a negative trend. |
| Stochastics (14,3) | 76.69 | NEUTRAL | The Stochastics value for EWBC is a neutral value. |
| Average True Range in percent/ATR (20) | 1.99 | LOW VOLATILITY | The low ATR as a percentage value for EWBC suggests low volalility. |
| Average Directional Index/ADX (14) | 36.11 | POSITIVE | The high ADX value value for EWBC suggests a strong trend. |
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 |
|---|---|---|---|
| 118.85 | 114.95 | 3.90 (3.28%) | 25.00% |
| An entry @118.85. This is a Buy Stop order right above the resistance zone. | An exit @114.95. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 3.90 points, which is 3.28%. | For a 0.82% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
117.45
-1.39 (-1.17%)
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 9 / 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.
Can you provide the RSI signal for EAST WEST BANCORP INC?
EAST WEST BANCORP INC (EWBC) has an RSI value of 61.4824. This indicates that the stock is currently neutral.
Can you provide the MACD signal for EAST WEST BANCORP INC?
The MACD indicator for EAST WEST BANCORP INC (EWBC) has a value of -0.0394687, indicating a bearish trend.
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.