FIRST WESTERN FINANCIAL INC (MYFW) Technical Analysis
NASDAQ:MYFW • US33751L1052
Current stock price
MYFW Technical Rating and Analysis
Overall MYFW gets a technical rating of 3 out of 10. Although MYFW is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Warning: MYFW has an average volume of 26178 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- Looking at the yearly performance, MYFW did better than 75% of all other stocks. We also observe that the gains produced by MYFW over the past year are nicely spread over this period.
- In the last month MYFW has a been trading in the 23.19 - 25.36 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- MYFW is an average performer in the Banks industry, it outperforms 69% of 380 stocks in the same industry.
- MYFW 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 MYFW is lagging the market slightly.
MYFW Weekly and Daily overview Charts
MYFW Setup Rating and Analysis
MYFW has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 24.77. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 24.48, a Stop Loss order could be placed below this zone.
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MYFW Support and Resistance Analysis
20.04
4 important support areas can be observed.
- A support zone ranging from 24.42 to 24.48. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 23.62 to 23.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @22.44 from a horizontal line in the daily time frame.
- Support @20.24 from a trend line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 24.77 to 25.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 26.67 to 26.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @27.27 from a horizontal line in the daily time frame.
MYFW 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 | NEUTRAL | NEUTRAL | The long term trend for MYFW is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MYFW is down. |
| ChartMill Relative Strength | 75.43 | POSITIVE | MYFW has a high relative strength, it outperformed 75.43% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of MYFW is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MYFW is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MYFW is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.06 | NEUTRAL | The RSI value for MYFW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests MYFW has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 72.76 | NEUTRAL | The Stochastics value for MYFW is a neutral value. |
| Average True Range in percent/ATR (20) | 3.17 | MEDIUM VOLATILITY | The ATR as a percentage value for MYFW suggests some volalility. |
| Average Directional Index/ADX (14) | 27.02 | POSITIVE | The high ADX value value for MYFW suggests a strong trend. |
MYFW Chart- and CandleStick Pattern Analysis
MYFW Technicals: Chart, Performance Metrics, Trend & Indicators
24.5
-0.12 (-0.49%)
FIRST WESTERN FINANCIAL INC / MYFW TA FAQ
What is the ChartMill technical rating of FIRST WESTERN FINANCIAL INC (MYFW) stock?
ChartMill assigns a technical rating of 3 / 10 to MYFW.
Can you provide the trend direction for FIRST WESTERN FINANCIAL INC?
The current trend direction for FIRST WESTERN FINANCIAL INC (MYFW) is Bearish.
What is the RSI signal for MYFW stock?
FIRST WESTERN FINANCIAL INC (MYFW) has an RSI value of 47.0551. This indicates that the stock is currently neutral.
What is the support and resistance level for MYFW stock?
FIRST WESTERN FINANCIAL INC (MYFW) has a support level at 24.48 and a resistance level at 24.77. Check the full technical report for our detailed analysis of MYFW support and resistance levels.