WESTAMERICA BANCORPORATION (WABC) Stock Technical Analysis
USA - NASDAQ:WABC - US9570901036 - Common Stock
49.1 USD
+0.25 (+0.51%)
49.1 USD
0 (0%)
Taking everything into account, WABC scores 2 out of 10 in our technical rating. In the last year, WABC was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
61% of all other stocks performed better in the past year than WABC.
WABC is part of the Banks industry. There are 392 other stocks in this industry, of which 75% are performing better than WABC.
In the last month WABC has a been trading in the 47.37 - 50.79 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
WABC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so WABC is lagging the market.
Volume is considerably higher in the last couple of days.
Although the technical rating is bad, WABC does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 49.12. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 48.93, a Stop Loss order could be placed below this zone.
More info and screens
46.85
57.25
We found 2 important support areas.
- A support zone ranging from 48.26 to 48.93. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @47.32 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 49.12 to 49.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 50.70 to 52.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @56.68 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 | NEUTRAL | NEUTRAL | The long term trend for WABC is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for WABC is neutral. |
| ChartMill Relative Strength | 39.02 | NEUTRAL | WABC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of WABC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of WABC is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of WABC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.45 | NEUTRAL | The RSI value for WABC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests WABC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 48.34 | NEUTRAL | The Stochastics value for WABC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.1 | MEDIUM VOLATILITY | The ATR as a percentage value for WABC suggests some volalility. |
| Average Directional Index/ADX (14) | 16.02 | NEGATIVE | The low ADX value for WABC 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)
49.1
+0.25 (+0.51%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg0.51%
1 Week2.16%
2 Weeks0.45%
1 Month-1.82%
3 Month1.09%
6 Month-2.48%
12 Month0.2%
2 Year13.53%
3 Year-6.1%
5 Year-9.66%
10 Year10.49%
15 Year-9.89%
Volatility
ATR(14)1.08
ATR(20)%2.1%
ATR Inc-29.97%
Range Today0.73
ADR(20)1
ADR(20)%2.05%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS39.02
Mansfield-1.25
10 Day High50.11
10 Day Low47.37
20 Day High50.79
20 Day Low47.37
52 Week High59.97
52 Week Low42
CS1 End48.93
CR1 Start49.12
Volume & EV
DER(3)0.89%
DER(5)1.66%
Volume110.70K
Volume Incr92.89%
Vol(5)264.58K
Vol(50)151.45K