EAST WEST BANCORP INC (EWBC) Stock Technical Analysis
NASDAQ:EWBC • US27579R1041
We assign a technical rating of 8 out of 10 to EWBC. 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 term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- When comparing the yearly performance of all stocks, we notice that EWBC is one of the better performing stocks in the market, outperforming 76% of all stocks.
- EWBC is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so EWBC is lagging the market slightly.
- EWBC is part of the Banks industry. There are 381 other stocks in this industry, EWBC did better than 62% of them.
- In the last month EWBC has a been trading in the 110.76 - 123.82 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, EWBC also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 116.22, a Stop Loss order could be placed below this zone.
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96.59
3 important support areas can be observed.
- A support zone ranging from 113.56 to 116.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 110.98 to 111.35. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @97.57 from a trend line in the daily 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 | NEUTRAL | NEUTRAL | The short term trend for EWBC is neutral. |
| ChartMill Relative Strength | 76.22 | POSITIVE | EWBC has a high relative strength, it outperformed 76.22% 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) | 53.98 | NEUTRAL | The RSI value for EWBC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests EWBC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 53.84 | NEUTRAL | The Stochastics value for EWBC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.97 | MEDIUM VOLATILITY | The ATR as a percentage value for EWBC suggests some volalility. |
| Average Directional Index/ADX (14) | 18.9 | NEGATIVE | The low ADX value for EWBC suggests a weak or negative 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 |
|---|---|---|---|
| 118.54 | 113.55 | 4.99 (4.21%) | 23.78% |
| An entry @118.54. This is a Buy Stop order right above the 10 day moving average. | An exit @113.55. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 4.99 points, which is 4.21%. | When investing 23.78% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of EWBC. Please evaluate whether better entry and exit points can be found.
- 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.
117.83
+0.59 (+0.5%)
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.
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 53.9777. 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 0.124762, indicating a bearish trend.