Taking everything into account, WASH scores 6 out of 10 in our technical rating. Although WASH is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
WASH has an average technical rating and it also does not offer a high 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.
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25.01
When analyzing the support we can see 2 important areas.
- A support zone ranging from 28.04 to 29.12. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 25.26 to 26.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 30.21 to 31.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @31.95 from a horizontal line in the daily 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 | UP | POSITIVE | The long term trend for WASH is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for WASH is neutral. |
| ChartMill Relative Strength | 38.7 | NEUTRAL | WASH is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of WASH is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of WASH is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of WASH is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.04 | NEUTRAL | The RSI value for WASH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.2 | NEGATIVE | The MACD value suggests WASH has a negative trend. |
| Stochastics (14,3) | 12.03 | OVERSOLD | The low Stochastics value suggests WASH may be oversold. |
| Average True Range in percent/ATR (20) | 1.87 | LOW VOLATILITY | The low ATR as a percentage value for WASH suggests low volalility. |
| Average Directional Index/ADX (14) | 26.33 | POSITIVE | The high ADX value value for WASH suggests a strong trend. |
29.55
-0.11 (-0.37%)
WASHINGTON TRUST BANCORP / WASH FAQ
What is the ChartMill technical rating of WASHINGTON TRUST BANCORP (WASH) stock?
ChartMill assigns a technical rating of 6 / 10 to WASH.
What is the current trend direction of WASHINGTON TRUST BANCORP (WASH) stock?
The current trend direction for WASHINGTON TRUST BANCORP (WASH) is Bullish.
What is the RSI signal for WASHINGTON TRUST BANCORP (WASH) stock?
WASHINGTON TRUST BANCORP (WASH) has an RSI value of 48.0438. This indicates that the stock is currently neutral.
Can you provide the MACD signal for WASHINGTON TRUST BANCORP?
The MACD indicator for WASHINGTON TRUST BANCORP (WASH) has a value of -0.199701, indicating a bearish trend.