PACWEST BANCORP (PACW) Technical Analysis

NASDAQ:PACW • US6952631033

7.54 USD

-0.21 (-2.71%)

At close: Nov 30, 2023

7.6 USD

+0.06 (+0.8%)

After Hours: 11/30/2023, 8:16:12 PM

PACW Technical Rating and Analysis

Taking everything into account, PACW scores 1 out of 10 in our technical rating. PACW scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, PACW is a bad performer in the overall market: 90% of all stocks are doing better.
PACW is one of the lesser performing stocks in the Banks industry. 94% of 381 stocks in the same industry do better.
PACW is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so PACW is lagging the market.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
PACW has an average volume of 4913340 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month PACW has a been trading in the 7.14 - 8.44 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

More info and screens

Technical Analysis Relative Strength ChartMill Trend Indicator Simple Moving Average Show peers with best TA rating

PACW Weekly and Daily overview Charts

PACWEST BANCORP / PACW Weekly stock chart

PACWEST BANCORP / PACW Daily stock chart

PACW Setup Rating and Analysis

The technical rating of PACW 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

ChartMill Technical Ratings Pocket Pivots Bull Flags Show peers with best setup rating

PACW Support and Resistance Analysis

6.68

12.41

When analyzing the support we can see 3 important areas.

Support @7.50 from a trend line in the daily time frame.
A support zone ranging from 7.22 to 7.24. This zone is formed by a combination of multiple trend lines in multiple time frames.
A support zone ranging from 6.75 to 6.75. This zone is formed by a combination of multiple trend lines in multiple time frames.

We can see 4 important resistance areas.

A resistance zone ranging from 7.85 to 7.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 8.16 to 8.35. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @9.31 from a trend line in the daily time frame.
Resistance @12.29 from a trend line in the weekly time frame.

More info and screens

What is Support and Resistance Support and Resistance indicators Support and Resistance Screener and Trading Strategies

PACW 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 PACW is down.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for PACW is neutral.
ChartMill Relative Strength	10.13	NEGATIVE	PACW has a low relative strength, it was outperformed by 89.87% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	MIXED	The current price of PACW is below the rising SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of PACW is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of PACW is below a declining SMA(200).
Relative Strength Index/RSI (14)	45	NEUTRAL	The RSI value for PACW is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.04	NEGATIVE	The MACD value suggests PACW has a negative trend.
Stochastics (14,3)	45.2	NEUTRAL	The Stochastics value for PACW is a neutral value.
Average True Range in percent/ATR (20)	4.95	MEDIUM VOLATILITY	The ATR as a percentage value for PACW suggests some volalility.
Average Directional Index/ADX (14)	13.97	NEGATIVE	The low ADX value for PACW suggests a weak or negative trend.

PACW 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)

More info

Bullish Engulfing Bearish Engulfing Bullish Harami Bullish Hammer Gravestone Doji Dragonfly Doji Shooting Star Dark Cloud Cover Bull Flags Ascending Triangle Descending Triangle Symmetrical Triangle Rising Wedge Falling Wedge Double Bottom Ascending Channel Descending Channel Double Top Squeeze Plays

PACW Technicals: Chart, Performance Metrics, Trend & Indicators

PACWEST BANCORP

NASDAQ:PACW (11/30/2023, 8:16:12 PM)

After market: 7.6 +0.06 (+0.8%)

7.54

-0.21 (-2.71%)

Chartmill TA Rating

Chartmill Setup Rating

Sector

GICS SectorFinancials

GICS IndustryBanks

Performance

% Chg-2.71%

1 Week-7.03%

2 Weeks-8.61%

1 Month4.87%

3 Month-8.5%

6 Month-1.69%

12 Month-70.88%

2 Year-83.15%

3 Year-67.58%

5 Year-81.26%

10 Year-81.67%

15 Year-71.65%

Volatility

ATR(14)0.34

ATR(20)%4.95%

ATR Inc114.49%

Range Today0.54

ADR(20)0.33

ADR(20)%4.38%

Trend & SMA

ST Trend

LT Trend

SMA(5)

SMA(10)

SMA(20)

SMA(50)

SMA(100)

SMA(200)

Relative Strength & Ranges

CRS10.13

3 months CRSN/A

6 months CRSN/A

Mansfield-4.59

10 Day High8.44

10 Day Low7.46

20 Day High8.44

20 Day Low7.15

52 Week High30.07

52 Week Low2.48

CS1 End7.5

CR1 Start7.85

Volume & EV

DER(3)2.53%

DER(5)3.77%

Volume24.72M

Volume Incr258.61%

Vol(5)13.38M

Vol(50)4.91M

PACWEST BANCORP / PACW TA FAQ

What is the technical rating for PACW stock?

ChartMill assigns a technical rating of 1 / 10 to PACW.

What is the current trend direction of PACWEST BANCORP (PACW) stock?

The current trend direction for PACWEST BANCORP (PACW) is Bearish.

What is the RSI signal for PACWEST BANCORP (PACW) stock?

PACWEST BANCORP (PACW) has an RSI value of 45.0032. This indicates that the stock is currently neutral.

What is the MACD signal for PACWEST BANCORP (PACW) stock?

The MACD indicator for PACWEST BANCORP (PACW) has a value of -0.0395984, indicating a bearish trend.