FIRST WESTERN FINANCIAL INC (MYFW) Technical Analysis
NASDAQ:MYFW • US33751L1052
Current stock price
26.39 USD
+0.35 (+1.34%)
At close:
26.39 USD
0 (0%)
After Hours:
MYFW Technical Rating and Analysis
Overall MYFW gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, MYFW is showing a nice and steady performance.
- Warning: MYFW has an average volume of 24406 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 may just continue or reversal may be around the corner!
- When comparing the yearly performance of all stocks, we notice that MYFW is one of the better performing stocks in the market, outperforming 72% of all stocks. We also observe that the gains produced by MYFW over the past year are nicely spread over this period.
- MYFW 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 MYFW is lagging the market slightly.
- MYFW is part of the Banks industry. There are 376 other stocks in this industry, MYFW did better than 66% of them.
- In the last month MYFW has a been trading in the 24.21 - 27.14 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
MYFW Weekly and Daily overview Charts
MYFW Setup Rating and Analysis
Although MYFW has an excellent technical rating, it does not offer a high 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
MYFW Support and Resistance Analysis
20.23
27.54
When analyzing the support we can see 3 important areas.
- Support @24.75 from a trend line in the weekly time frame.
- A support zone ranging from 23.62 to 24.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @20.43 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 26.46 to 27.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | 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 | 72.98 | POSITIVE | MYFW has a high relative strength, it outperformed 72.98% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MYFW is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MYFW is above 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) | 57.41 | NEUTRAL | The RSI value for MYFW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests MYFW has a negative trend. |
| Stochastics (14,3) | 55.38 | NEUTRAL | The Stochastics value for MYFW is a neutral value. |
| Average True Range in percent/ATR (20) | 2.27 | MEDIUM VOLATILITY | The ATR as a percentage value for MYFW suggests some volalility. |
| Average Directional Index/ADX (14) | 26.83 | POSITIVE | The high ADX value value for MYFW suggests a strong trend. |
MYFW Chart- and CandleStick Pattern Analysis
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)
MYFW Technicals: Chart, Performance Metrics, Trend & Indicators
26.39
+0.35 (+1.34%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg1.34%
1 Week-2.01%
2 Weeks-0.38%
1 Month7.19%
3 Month6.28%
6 Month18.34%
12 Month29.74%
2 Year58.31%
3 Year48.59%
5 Year2.8%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.69
ATR(20)%2.27%
ATR Inc97.59%
Range Today1.43
ADR(20)0.56
ADR(20)%2.13%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS72.98
3 months CRS78.48
6 months CRS83.46
Mansfield0.18
10 Day High27.14
10 Day Low25.05
20 Day High27.14
20 Day Low24.21
52 Week High28
52 Week Low20
CS1 End24.75
CR1 Start26.46
Volume & EV
DER(3)5.29%
DER(5)1.69%
Volume44.10K
Volume Incr-28.53%
Vol(5)17.30K
Vol(50)24.41K
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 9 / 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 Bullish.
Can you provide the RSI signal for FIRST WESTERN FINANCIAL INC?
FIRST WESTERN FINANCIAL INC (MYFW) has an RSI value of 57.4101. This indicates that the stock is currently neutral.
What is the short term momentum for FIRST WESTERN FINANCIAL INC (MYFW) stock?
The short term momentum for FIRST WESTERN FINANCIAL INC (MYFW) is neutral.