WESTAMERICA BANCORPORATION (WABC) Stock Technical Analysis
NASDAQ:WABC - Nasdaq - US9570901036 - Common Stock - Currency: USD
We assign a technical rating of 2 out of 10 to WABC. WABC has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
WABC is part of the Banks industry. There are 396 other stocks in this industry, of which 78% are performing better than WABC.
In the last month WABC has a been trading in the 47.41 - 51.67 range, which is quite wide. It is currently trading near the lows of this range.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
When comparing the performance of all stocks over the past year, WABC turns out to be only a medium performer in the overall market: it outperformed 46% of all stocks.
WABC is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so WABC is lagging the market slightly.
The technical rating of WABC 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
43.27
57.25
We found 1 important support area.
- A support zone ranging from 43.71 to 44.07. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 48.75 to 50.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @51.85 from a horizontal line in the daily time frame.
- Resistance @53.05 from a horizontal line in the daily time frame.
- 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 | 46.67 | 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) | 43.16 | NEUTRAL | The RSI value for WABC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.2 | NEGATIVE | The MACD value suggests WABC has a negative trend. |
| Stochastics (14,3) | 18.46 | OVERSOLD | The low Stochastics value suggests WABC may be oversold. |
| Average True Range in percent/ATR (20) | 2.11 | MEDIUM VOLATILITY | The ATR as a percentage value for WABC suggests some volalility. |
| Average Directional Index/ADX (14) | 16.81 | 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)
47.97
-0.37 (-0.78%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-0.78%
1 Week-5.2%
2 Weeks-3.77%
1 Month-0.54%
3 Month-2.5%
6 Month-16.72%
12 Month-0.54%
2 Year26.8%
3 Year-20.33%
5 Year-18.67%
10 Year4.83%
15 Year-13.83%
Volatility
ATR(14)0.99
ATR(20)%2.11%
ATR Inc-14.37%
Range Today0.83
ADR(20)0.93
ADR(20)%1.94%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS46.67
Mansfield-0.71
10 Day High51.67
10 Day Low47.5
20 Day High51.67
20 Day Low47.41
52 Week High59.97
52 Week Low42
CS1 End44.07
CR1 Start48.75
Volume & EV
DER(3)-0.85%
DER(5)-2.61%
Volume148.70K
Volume Incr-2.85%
Vol(5)183.18K
Vol(50)201.46K