FIRST WESTERN FINANCIAL INC (MYFW) Stock Technical Analysis
NASDAQ:MYFW - Nasdaq - US33751L1052 - Common Stock - Currency: USD
Taking everything into account, MYFW scores 7 out of 10 in our technical rating. In the last year, MYFW was one of the better performers, but we do observe some doubts in the very recent evolution.
In the last month MYFW has a been trading in the 21.87 - 24.88 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.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
When comparing the yearly performance of all stocks, we notice that MYFW is one of the better performing stocks in the market, outperforming 76% of all stocks. We also observe that the gains produced by MYFW over the past year are nicely spread over this period.
MYFW is part of the Banks industry. There are 393 other stocks in this industry. MYFW outperforms 77% of them.
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.
Although MYFW has an excellent technical rating, it does not present a decent entry opportunity 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
17.36
25.02
4 important support areas can be observed.
- A support zone ranging from 22.18 to 22.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 20.33 to 20.33. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @19.25 from a trend line in the weekly time frame.
- Support @17.54 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- 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 | 76.58 | POSITIVE | MYFW has a high relative strength, it outperformed 76.58% off all stocks 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) | 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) | 38.49 | NEUTRAL | The RSI value for MYFW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.27 | NEGATIVE | The MACD value suggests MYFW has a negative trend. |
| Stochastics (14,3) | 32.15 | NEUTRAL | The Stochastics value for MYFW is a neutral value. |
| Average True Range in percent/ATR (20) | 4.07 | MEDIUM VOLATILITY | The ATR as a percentage value for MYFW suggests some volalility. |
| Average Directional Index/ADX (14) | 33.32 | POSITIVE | The high ADX value value for MYFW suggests a strong 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)
22.27
-0.72 (-3.13%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-3.13%
1 Week-9.55%
2 Weeks-6.66%
1 Month-1.29%
3 Month2.39%
6 Month5.55%
12 Month33.91%
2 Year7.38%
3 Year-20.44%
5 Year57.83%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1
ATR(20)%4.07%
ATR Inc39.33%
Range Today1.3
ADR(20)0.87
ADR(20)%3.92%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS76.58
Mansfield0.09
10 Day High24.88
10 Day Low21.87
20 Day High24.88
20 Day Low21.87
52 Week High24.88
52 Week Low15.54
CS1 End22.24
CR1 Start24.55
Volume & EV
DER(3)2.99%
DER(5)6.11%
Volume58.60K
Volume Incr35.23%
Vol(5)97.46K
Vol(50)60.00K