WESTAMERICA BANCORPORATION (WABC) Technical Analysis
NASDAQ:WABC • US9570901036
Current stock price
WABC Technical Rating and Analysis
We assign a technical rating of 3 out of 10 to WABC. In the last year, WABC was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.
- WABC is part of the Banks industry. There are 381 other stocks in this industry, of which 65% are performing better than WABC.
- WABC 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 WABC is performing more or less in line with the market.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- 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 44% of all stocks.
- In the last month WABC has a been trading in the 47.96 - 53.48 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
WABC Weekly and Daily overview Charts
WABC Setup Rating and Analysis
WABC has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 49.79, a Stop Loss order could be placed below this zone.
More info and screens
WABC Support and Resistance Analysis
45.45
We found 2 important support areas.
- Support @49.79 from a trend line in the daily time frame.
- A support zone ranging from 45.91 to 47.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 50.37 to 53.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
WABC Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The short term trend for WABC is down. |
| ChartMill Relative Strength | 44.75 | 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) | UP | MIXED | The current price of WABC is below 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) | 44.78 | NEUTRAL | The RSI value for WABC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.22 | NEGATIVE | The MACD value suggests WABC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 38.95 | NEUTRAL | The Stochastics value for WABC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.88 | MEDIUM VOLATILITY | The ATR as a percentage value for WABC suggests some volalility. |
| Average Directional Index/ADX (14) | 22.24 | NEUTRAL | The ADX value for WABC suggests a possible start of a new trend. |
WABC Chart- and CandleStick Pattern Analysis
WABC Technicals: Chart, Performance Metrics, Trend & Indicators
50.32
+0.25 (+0.5%)
WESTAMERICA BANCORPORATION / WABC TA FAQ
What is the technical rating for WABC stock?
ChartMill assigns a technical rating of 3 / 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 44.7832. 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 -0.224637, indicating a bearish trend.
Can you provide the short term momentum for WESTAMERICA BANCORPORATION?
The short term momentum for WESTAMERICA BANCORPORATION (WABC) is negative.