Taking everything into account, WASH scores 3 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. WASH was also a bad performer in the overall market in the last year.
Although the technical rating is bad, WASH does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 28.87. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 28.06, 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
25.01
We found 3 important support areas.
- A support zone ranging from 27.55 to 28.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @27.10 from a trend line in the daily time frame.
- A support zone ranging from 25.26 to 26.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 28.87 to 29.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 29.80 to 30.54. 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 | NEUTRAL | NEUTRAL | The long term trend for WASH is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for WASH is up. |
| ChartMill Relative Strength | 19.39 | NEGATIVE | WASH has a low relative strength, it was outperformed by 80.61% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of WASH is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of WASH is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of WASH is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57.69 | NEUTRAL | The RSI value for WASH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.15 | POSITIVE | The MACD value suggests WASH has a positive trend. |
| Stochastics (14,3) | 89.1 | OVERBOUGHT | The high Stochastics value suggests WASH may be overbought. |
| Average True Range in percent/ATR (20) | 2.23 | MEDIUM VOLATILITY | The ATR as a percentage value for WASH suggests some volalility. |
| Average Directional Index/ADX (14) | 14.35 | NEGATIVE | The low ADX value for WASH suggests a weak or negative trend. |
28.4
-0.19 (-0.66%)
WASHINGTON TRUST BANCORP / WASH FAQ
Can you provide the ChartMill technical rating for WASHINGTON TRUST BANCORP?
ChartMill assigns a technical rating of 3 / 10 to WASH.
What is the trend direction for WASH stock?
The current trend direction for WASHINGTON TRUST BANCORP (WASH) is Bearish.
What is the RSI signal for WASHINGTON TRUST BANCORP (WASH) stock?
WASHINGTON TRUST BANCORP (WASH) has an RSI value of 57.6897. This indicates that the stock is currently neutral.
What is the short term momentum for WASH stock?
The short term momentum for WASHINGTON TRUST BANCORP (WASH) is positive.