WESTAMERICA BANCORPORATION (WABC) Stock Technical Analysis
USA - NASDAQ:WABC - US9570901036 - Common Stock
45.94 USD
+0.63 (+1.39%)
45.94 USD
0 (0%)
We assign a technical rating of 0 out of 10 to WABC. WABC's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
80% of all other stocks performed better in the past year than WABC.
WABC is part of the Banks industry. There are 391 other stocks in this industry, of which 83% are performing better than WABC.
WABC is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month WABC has a been trading in the 45.25 - 50.15 range, which is quite wide. It is currently trading near the lows of this range.
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
45.48
52.95
2 important resistance areas can be observed.
- A resistance zone ranging from 47.66 to 49.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 50.22 to 52.43. 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 | DOWN | NEGATIVE | The long term trend for WABC is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for WABC is down. |
| ChartMill Relative Strength | 20.38 | NEGATIVE | WABC has a low relative strength, it was outperformed by 79.62% off all stocks 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) | 32.66 | NEUTRAL | The RSI value for WABC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.39 | NEGATIVE | The MACD value suggests WABC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 6.94 | OVERSOLD | The low Stochastics value suggests WABC may be oversold. |
| Average True Range in percent/ATR (20) | 2.4 | MEDIUM VOLATILITY | The ATR as a percentage value for WABC suggests some volalility. |
| Average Directional Index/ADX (14) | 22.51 | NEUTRAL | The ADX value for WABC suggests a possible start of a new 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)
45.94
+0.63 (+1.39%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg1.39%
1 Week-3.73%
2 Weeks-7.79%
1 Month-4.93%
3 Month-8.38%
6 Month-0.07%
12 Month-11.31%
2 Year-2.75%
3 Year-26.77%
5 Year-12.28%
10 Year3.91%
15 Year-8.16%
Volatility
ATR(14)1.08
ATR(20)%2.4%
ATR Inc42.65%
Range Today0.79
ADR(20)1.08
ADR(20)%2.35%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS20.38
Mansfield-1.73
10 Day High50.08
10 Day Low45.25
20 Day High50.15
20 Day Low45.25
52 Week High59.97
52 Week Low42
CS1 EndN/A
CR1 Start47.66
Volume & EV
DER(3)-1.49%
DER(5)-1.83%
Volume120.10K
Volume Incr-29.23%
Vol(5)118.68K
Vol(50)150.73K