PACWEST BANCORP - PACW 7 3/4 PERP (PACWP) Stock Technical Analysis
NASDAQ:PACWP - Nasdaq - US6952632023 - Currency: USD
Overall PACWP gets a technical rating of 7 out of 10. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, PACWP is a bad performer.
72% of all other stocks performed better in the past year than PACWP.
PACWP is one of the lesser performing stocks in the Banks industry. 93% of 395 stocks in the same industry do better.
The long and short term trends are both positive. This is looking good!
PACWP is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so PACWP is performing more or less in line with the market.
PACWP is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
In the last month PACWP has a been trading in a tight range between 20.36 and 21.45.
PACWP has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 21.13. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 20.94, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
18.37
26.26
We found 3 important support areas.
- A support zone ranging from 20.86 to 20.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 20.17 to 20.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 18.56 to 18.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 21.13 to 21.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @26.00 from a horizontal 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 | UP | POSITIVE | The long term trend for PACWP is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PACWP is up. |
| ChartMill Relative Strength | 28.53 | NEGATIVE | PACWP has a low relative strength, it was outperformed by 71.47% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PACWP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PACWP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of PACWP is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 55.53 | NEUTRAL | The RSI value for PACWP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests PACWP has a negative trend. |
| Stochastics (14,3) | 69.51 | NEUTRAL | The Stochastics value for PACWP is a neutral value. |
| Average True Range in percent/ATR (20) | 2.15 | MEDIUM VOLATILITY | The ATR as a percentage value for PACWP suggests some volalility. |
| Average Directional Index/ADX (14) | 26.54 | POSITIVE | The high ADX value value for PACWP 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 21.38 | 20.85 | 0.53 (2.48%) | 25.00% |
| An entry @21.38. This is a Buy Stop order right above the resistance zone. | An exit @20.85. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.53 points, which is 2.48%. | For a 0.62% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of PACWP. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
PACWEST BANCORP - PACW 7 3/4 PERP
NASDAQ:PACWP (11/30/2023, 8:16:12 PM)
20.94
-0.31 (-1.46%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-1.46%
1 Week1.36%
2 Weeks0.05%
1 Month2.9%
3 Month1.55%
6 Month49.15%
12 Month-18.49%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.37
ATR(20)%2.15%
ATR Inc17.13%
Range Today0.43
ADR(20)0.44
ADR(20)%2.09%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS28.53
Mansfield0.12
10 Day High21.41
10 Day Low20.6
20 Day High21.45
20 Day Low20.36
52 Week High26.79
52 Week Low4.5
CS1 End20.94
CR1 Start21.13
Volume & EV
DER(3)0.18%
DER(5)-2.38%
Volume157.40K
Volume Incr43.69%
Vol(5)80.28K
Vol(50)69.83K