WESTAMERICA BANCORPORATION (WABC) Stock Technical Analysis
NASDAQ:WABC • US9570901036
Overall WABC gets a technical rating of 8 out of 10. Although WABC is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- WABC is part of the Banks industry. There are 381 other stocks in this industry, of which 68% are performing better than WABC.
- Both the short term and long term trends are positive. This is a very positive sign.
- 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.
- WABC 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.
- 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 59% of all stocks.
WABC has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 52.49. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 52.12, a Stop Loss order could be placed below this zone.
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44.85
When analyzing the support we can see 3 important areas.
- A support zone ranging from 51.08 to 52.12. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 48.98 to 49.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 45.30 to 47.15. 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 52.49 to 52.49. 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 | UP | POSITIVE | The long term trend for WABC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for WABC is up. |
| ChartMill Relative Strength | 59.11 | 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) | 63.63 | NEUTRAL | The RSI value for WABC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests WABC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 70.92 | NEUTRAL | The Stochastics value for WABC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.48 | MEDIUM VOLATILITY | The ATR as a percentage value for WABC suggests some volalility. |
| Average Directional Index/ADX (14) | 34.28 | POSITIVE | The high ADX value value for WABC 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 |
|---|---|---|---|
| 52.50 | 51.07 | 1.43 (2.72%) | 25.00% |
| An entry @52.50. This is a Buy Stop order right above the resistance zone. | An exit @51.07. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.43 points, which is 2.72%. | For a 0.68% 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 WABC. 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.
52.21
+0.05 (+0.1%)
WESTAMERICA BANCORPORATION / WABC FAQ
What is the technical rating for WABC stock?
ChartMill assigns a technical rating of 8 / 10 to WABC.
What is the current trend direction of WESTAMERICA BANCORPORATION (WABC) stock?
The current trend direction for WESTAMERICA BANCORPORATION (WABC) is Bullish.
What is the RSI signal for WABC stock?
WESTAMERICA BANCORPORATION (WABC) has an RSI value of 63.6288. 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 0.0636488, indicating a bearish trend.
Can you provide the short term momentum for WESTAMERICA BANCORPORATION?
The short term momentum for WESTAMERICA BANCORPORATION (WABC) is positive.