WESTAMERICA BANCORPORATION (WABC) Stock Technical Analysis
NASDAQ:WABC - US9570901036 - Common Stock
50.03 USD
-0.34 (-0.68%)
50.03 USD
0 (0%)
Taking everything into account, WABC scores 5 out of 10 in our technical rating. WABC has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
66% of all other stocks performed better in the past year than WABC.
WABC is part of the Banks industry. There are 393 other stocks in this industry, of which 83% are performing better than WABC.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month WABC has a been trading in the 46.71 - 50.99 range, which is quite wide. It is currently trading near the high of this range.
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.
WABC has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 50.54. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 49.55, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
43.27
57.25
2 important support areas can be observed.
- A support zone ranging from 48.34 to 49.55. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 43.71 to 43.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 50.54 to 52.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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 | UP | POSITIVE | The short term trend for WABC is up. |
| ChartMill Relative Strength | 34.33 | 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) | DOWN | NEGATIVE | The current price of WABC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 55.37 | NEUTRAL | The RSI value for WABC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.19 | POSITIVE | The MACD value suggests WABC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 78.57 | NEUTRAL | The Stochastics value for WABC is a neutral value. |
| Average True Range in percent/ATR (20) | 1.96 | LOW VOLATILITY | The low ATR as a percentage value for WABC suggests low volalility. |
| Average Directional Index/ADX (14) | 18.86 | 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)
50.03
-0.34 (-0.68%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-0.68%
1 Week2.73%
2 Weeks0.75%
1 Month4.45%
3 Month4.12%
6 Month-4.01%
12 Month-3.4%
2 Year13.63%
3 Year-10.58%
5 Year-17.79%
10 Year10.83%
15 Year-1.28%
Volatility
ATR(14)1.05
ATR(20)%1.96%
ATR Inc-9.81%
Range Today0.83
ADR(20)0.96
ADR(20)%1.92%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS34.33
Mansfield-1
10 Day High50.99
10 Day Low48.53
20 Day High50.99
20 Day Low46.71
52 Week High59.97
52 Week Low42
CS1 End49.55
CR1 Start50.54
Volume & EV
DER(3)-1.29%
DER(5)-1.41%
Volume108.60K
Volume Incr7.78%
Vol(5)151.41K
Vol(50)135.49K