FIRST WESTERN FINANCIAL INC (MYFW) Stock Technical Analysis
USA - NASDAQ:MYFW - US33751L1052 - Common Stock
22.25 USD
+0.1 (+0.45%)
22.25 USD
0 (0%)
Taking everything into account, MYFW scores 3 out of 10 in our technical rating. In the last year, MYFW was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
When comparing the yearly performance of all stocks, MYFW is a bad performer in the overall market: 67% of all stocks are doing better.
In the last month MYFW has a been trading in the 21.95 - 23.62 range, which is quite wide. It is currently trading near the lows of this range.
Warning: MYFW has an average volume of 27660 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
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.
MYFW is part of the Banks industry. There are 391 other stocks in this industry, MYFW did better than 52% of them.
MYFW is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MYFW is lagging the market.
MYFW has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 22.19, 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
19.95
25.02
When analyzing the support we can see 3 important areas.
- A support zone ranging from 22.06 to 22.19. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A support zone ranging from 20.53 to 20.70. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @20.15 from a trend line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 22.27 to 22.84. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 23.36 to 23.43. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 24.55 to 24.77. 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 MYFW is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MYFW is neutral. |
| ChartMill Relative Strength | 33.46 | NEUTRAL | MYFW is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MYFW is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of MYFW is below the rising 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) | 45.11 | NEUTRAL | The RSI value for MYFW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests MYFW has a negative trend. |
| Stochastics (14,3) | 34.79 | NEUTRAL | The Stochastics value for MYFW is a neutral value. |
| Average True Range in percent/ATR (20) | 2.95 | MEDIUM VOLATILITY | The ATR as a percentage value for MYFW suggests some volalility. |
| Average Directional Index/ADX (14) | 10.8 | NEGATIVE | The low ADX value for MYFW suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
22.25
+0.1 (+0.45%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg0.45%
1 Week0.86%
2 Weeks-2.28%
1 Month-4.42%
3 Month-9.37%
6 Month18.67%
12 Month5.15%
2 Year66.42%
3 Year-19.41%
5 Year56.69%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.75
ATR(20)%2.95%
ATR Inc15.39%
Range Today0.47
ADR(20)0.63
ADR(20)%2.84%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS33.46
Mansfield-0.38
10 Day High23.62
10 Day Low22.05
20 Day High23.62
20 Day Low21.96
52 Week High24.88
52 Week Low17.1
CS1 End22.19
CR1 Start22.27
Volume & EV
DER(3)-3.58%
DER(5)2.18%
Volume23.90K
Volume Incr-18.48%
Vol(5)23.80K
Vol(50)27.66K