Great Western Bancorp Inc (GWB) Technical Analysis
NYSE:GWB
Current stock price
GWB Technical Rating and Analysis
Taking everything into account, GWB scores 1 out of 10 in our technical rating. GWB 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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- In the last month GWB has a been trading in the 30.30 - 37.90 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- When comparing the yearly performance of all stocks, we notice that GWB is one of the better performing stocks in the market, outperforming 74% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
- GWB is an average performer in the Banks industry, it outperforms 60% of 380 stocks in the same industry.
- GWB 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 GWB is lagging the market slightly.
GWB Weekly and Daily overview Charts
GWB Setup Rating and Analysis
The technical rating of GWB is bad and it also does not present a quality setup 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
GWB Support and Resistance Analysis
27.80
When analyzing the support we notice one important area.
- A support zone ranging from 28.08 to 28.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- Resistance @32.69 from a horizontal line in the daily time frame.
- A resistance zone ranging from 33.26 to 33.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
GWB 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 | DOWN | NEGATIVE | The long term trend for GWB is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for GWB is down. |
| ChartMill Relative Strength | 74.46 | POSITIVE | GWB has a high relative strength, it outperformed 74.46% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of GWB is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of GWB is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of GWB is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 31.03 | NEUTRAL | The RSI value for GWB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.62 | NEGATIVE | The MACD value suggests GWB has a negative trend. |
| Stochastics (14,3) | 7.18 | OVERSOLD | The low Stochastics value suggests GWB may be oversold. |
| Average True Range in percent/ATR (20) | 4.11 | MEDIUM VOLATILITY | The ATR as a percentage value for GWB suggests some volalility. |
GWB Chart- and CandleStick Pattern Analysis
GWB Technicals: Chart, Performance Metrics, Trend & Indicators
30.88
-0.5 (-1.59%)
Great Western Bancorp Inc / GWB TA FAQ
What is the technical rating for GWB stock?
ChartMill assigns a technical rating of 1 / 10 to GWB.
What is the current trend direction of Great Western Bancorp Inc (GWB) stock?
The current trend direction for Great Western Bancorp Inc (GWB) is Bearish.
What is the RSI signal for Great Western Bancorp Inc (GWB) stock?
Great Western Bancorp Inc (GWB) has an RSI value of 31.032. This indicates that the stock is currently neutral.
Can you provide the MACD signal for Great Western Bancorp Inc?
The MACD indicator for Great Western Bancorp Inc (GWB) has a value of -0.615229, indicating a bearish trend.
Can you provide the buy/sell signal for Great Western Bancorp Inc?
The buy/sell signal for Great Western Bancorp Inc (GWB) is sell as both the short term and long term trends are negative.