WESTAMERICA BANCORPORATION (WABC) Technical Analysis
NASDAQ:WABC • US9570901036
Current stock price
WABC Technical Rating and Analysis
We assign a technical rating of 8 out of 10 to WABC. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, WABC is only an average performer.
- WABC is part of the Banks industry. There are 377 other stocks in this industry, of which 62% 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.
- In the last month WABC has a been trading in the 49.00 - 54.71 range, which is quite wide. It is currently trading near the high of this range.
- 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 62% of all stocks.
WABC Weekly and Daily overview Charts
WABC Setup Rating and Analysis
Although WABC has an excellent technical rating, it does not present a decent entry opportunity 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.
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WABC Support and Resistance Analysis
45.71
We found 3 important support areas.
- A support zone ranging from 49.60 to 51.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 46.96 to 47.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @46.17 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 53.88 to 54.36. This zone is formed by a combination of multiple trend lines 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 | 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 | 62.1 | 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) | 66.61 | NEUTRAL | The RSI value for WABC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.3 | POSITIVE | The MACD value suggests WABC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 85.01 | OVERBOUGHT | The high Stochastics value suggests WABC may be overbought. |
| Average True Range in percent/ATR (20) | 1.89 | LOW VOLATILITY | The low ATR as a percentage value for WABC suggests low volalility. |
| Average Directional Index/ADX (14) | 17.51 | NEGATIVE | The low ADX value for WABC suggests a weak or negative trend. |
WABC Chart- and CandleStick Pattern Analysis
WABC Technicals: Chart, Performance Metrics, Trend & Indicators
53.87
+0.05 (+0.09%)
WESTAMERICA BANCORPORATION / WABC TA 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 WESTAMERICA BANCORPORATION (WABC) stock?
WESTAMERICA BANCORPORATION (WABC) has an RSI value of 66.6064. This indicates that the stock is currently neutral.
Can you provide the MACD signal for WESTAMERICA BANCORPORATION?
The MACD indicator for WESTAMERICA BANCORPORATION (WABC) has a value of 0.302767, indicating a bearish trend.
What is the support and resistance level for WABC stock?
WESTAMERICA BANCORPORATION (WABC) has a support level at 51.76 and a resistance level at 53.88. Check the full technical report for our detailed analysis of WABC support and resistance levels.