PACWEST BANCORP (PACW) Stock Technical Analysis
NASDAQ:PACW - Nasdaq - US6952631033 - Common Stock - Currency: USD
We assign a technical rating of 1 out of 10 to PACW. 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 long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
90% of all other stocks performed better in the past year than PACW.
PACW is one of the lesser performing stocks in the Banks industry. 96% of 395 stocks in the same industry do better.
PACW is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
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.
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
6.68
12.41
3 important support areas can be observed.
- 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.
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. |
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)
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
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