PACWEST BANCORP - PACW 7 3/4 PERP (PACWP) Technical Analysis
NASDAQ:PACWP • US6952632023
Overall PACWP gets a technical rating of 7 out of 10. Although PACWP is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- When comparing the yearly performance of all stocks, PACWP is a bad performer in the overall market: 72% of all stocks are doing better.
- PACWP is part of the Banks industry. There are 381 other stocks in this industry, of which 82% are performing better than PACWP.
- 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.
Besides having an excellent technical rating, PACWP 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
3 important support areas can be observed.
- 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.
2 important resistance areas can be observed.
- 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. |
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.
PACWP Technicals: Chart, Performance Metrics, Trend & Indicators
PACWEST BANCORP - PACW 7 3/4 PERP
NASDAQ:PACWP (11/30/2023, 8:16:12 PM)
20.94
-0.31 (-1.46%)
PACWEST BANCORP - PACW 7 3/4 PERP / PACWP FAQ
What is the ChartMill technical rating of PACWEST BANCORP - PACW 7 3/4 PERP (PACWP) stock?
ChartMill assigns a technical rating of 7 / 10 to PACWP.
What is the current trend direction of PACWEST BANCORP - PACW 7 3/4 PERP (PACWP) stock?
The current trend direction for PACWEST BANCORP - PACW 7 3/4 PERP (PACWP) is Bullish.
What is the RSI signal for PACWEST BANCORP - PACW 7 3/4 PERP (PACWP) stock?
PACWEST BANCORP - PACW 7 3/4 PERP (PACWP) has an RSI value of 55.5309. This indicates that the stock is currently neutral.
What is the MACD signal for PACWP stock?
The MACD indicator for PACWEST BANCORP - PACW 7 3/4 PERP (PACWP) has a value of -0.0231508, indicating a bearish trend.
What are the support and resistance levels for PACWEST BANCORP - PACW 7 3/4 PERP (PACWP) stock?
PACWEST BANCORP - PACW 7 3/4 PERP (PACWP) has a support level at 20.94 and a resistance level at 21.13. Check the full technical report for our detailed analysis of PACWP support and resistance levels.