PACWEST BANCORP (PACW)       23.32  -0.42 (-1.77%)

23.32  -0.42 (-1.77%)

US6952631033 - Common Stock - After market: 23.32 0 (0%)

Technical Rating

0

We assign a technical rating of 0 out of 10 to PACW. PACW's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.



PACW has an average volume of 1071170 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, PACW is a bad performer in the overall market: 79% of all stocks are doing better.
PACW is part of the Banks industry. There are 309 other stocks in this industry, of which 97% are performing better than PACW.
PACW is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index however is also trading in the lower part of its yearly range, so it may just be a bad time for stocks in general.
In the last month PACW has a been trading in the 23.20 - 27.60 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.

Statistics

1 Month 3 Months 6 Months 12 Months -14.55% -14.45% -45.22% -50.06% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 21.1 23.205 - 51.81
PACW Weekly chart
PACW Daily chart

Support/Resistance Analysis


23.08

27.47
We found 1 important support area.
  • A support zone ranging from 23.31 to 23.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
  • A resistance zone ranging from 24.71 to 25.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A resistance zone ranging from 25.60 to 25.68. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
  • Resistance @26.12 from a horizontal line in the daily time frame.
  • A resistance zone ranging from 26.79 to 27.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

Setup Analysis

Setup Rating

2

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.


PACW Daily chart

PACWEST BANCORP23.32

NASDAQ:PACW (9/26/2022, 7:08:58 PM)-0.42 (-1.77%)

After market: 23.32 0 (0%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Financials
GICS Industry Banks
Performance
Today -1.77% 1 Week -10.1%
2 Weeks -14.48% 1 Month -14.55%
3 Month -14.45% 6 Month -45.22%
Volatility
ATR(14) 0.98 ATR(20)% 4.02%
ATR Inc -36.04% Range Today 0.6
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 21.1 Mansfield -2.71
10 Day High 26.66 10 Day Low 23.21
20 Day High 27.6 20 Day Low 23.21
52 Week High 51.81 52 Week Low 23.21
CS1 End 23.31 CR1 Start 24.71
Volume & EV
DER(3) -1.55% DER(5) -2.2%
Volume 1.24M Volume Incr 39.68%
Vol(5) 1.39M Vol(50) 1.07M

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