Taking everything into account, WABC scores 5 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. WABC was also a bad performer in the overall market in the last year.
- 64% of all other stocks performed better in the past year than WABC.
- WABC is one of the lesser performing stocks in the Banks industry. 81% of 383 stocks in the same industry do better.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- WABC is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so WABC is lagging the market slightly.
- In the last month WABC has a been trading in the 46.54 - 52.34 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is only medium, WABC does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 49.70, a Stop Loss order could be placed below this zone.
More info and screens
45.45
3 important support areas can be observed.
- A support zone ranging from 48.34 to 49.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @47.15 from a horizontal line in the daily time frame.
- A support zone ranging from 45.91 to 46.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 50.60 to 52.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The long term trend for WABC is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for WABC is up. |
| ChartMill Relative Strength | 36.78 | NEUTRAL | WABC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of WABC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of WABC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of WABC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.25 | NEUTRAL | The RSI value for WABC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.18 | POSITIVE | The MACD value suggests WABC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 72.93 | NEUTRAL | The Stochastics value for WABC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.92 | MEDIUM VOLATILITY | The ATR as a percentage value for WABC suggests some volalility. |
| Average Directional Index/ADX (14) | 37.49 | POSITIVE | The high ADX value value for WABC suggests a strong trend. |
49.86
-1.39 (-2.71%)
WESTAMERICA BANCORPORATION / WABC FAQ
What is the technical rating for WABC stock?
ChartMill assigns a technical rating of 5 / 10 to WABC.
What is the current trend direction of WESTAMERICA BANCORPORATION (WABC) stock?
The current trend direction for WESTAMERICA BANCORPORATION (WABC) is Bearish.
What is the RSI signal for WABC stock?
WESTAMERICA BANCORPORATION (WABC) has an RSI value of 53.2493. This indicates that the stock is currently neutral.
What is the MACD signal for WESTAMERICA BANCORPORATION (WABC) stock?
The MACD indicator for WESTAMERICA BANCORPORATION (WABC) has a value of 0.176809, indicating a bearish trend.
Can you provide the short term momentum for WESTAMERICA BANCORPORATION?
The short term momentum for WESTAMERICA BANCORPORATION (WABC) is positive.