WASHINGTON TRUST BANCORP (WASH) Technical Analysis
NASDAQ:WASH • US9406101082
Current stock price
WASH Technical Rating and Analysis
Taking everything into account, WASH scores 5 out of 10 in our technical rating. WASH has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
- WASH is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- When comparing the performance of all stocks over the past year, WASH turns out to be only a medium performer in the overall market: it outperformed 69% of all stocks.
- WASH is part of the Banks industry. There are 380 other stocks in this industry, WASH did better than 55% of them.
- WASH is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so WASH is lagging the market slightly.
WASH Weekly and Daily overview Charts
WASH Setup Rating and Analysis
Although the technical rating is only medium, WASH does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 32.58, a Stop Loss order could be placed below this zone.
More info and screens
WASH Support and Resistance Analysis
25.01
We found 5 important support areas.
- A support zone ranging from 32.00 to 32.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @29.28 from a horizontal line in the daily time frame.
- Support @28.07 from a horizontal line in the daily time frame.
- Support @26.12 from a horizontal line in the weekly time frame.
- Support @25.26 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 36.56 to 36.76. This zone is formed by a combination of multiple trend lines in multiple time frames.
WASH 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 WASH is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for WASH is neutral. |
| ChartMill Relative Strength | 69.16 | NEUTRAL | WASH is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of WASH is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of WASH is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of WASH is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 44.89 | NEUTRAL | The RSI value for WASH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests WASH has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 69.81 | NEUTRAL | The Stochastics value for WASH is a neutral value. |
| Average True Range in percent/ATR (20) | 3.11 | MEDIUM VOLATILITY | The ATR as a percentage value for WASH suggests some volalility. |
| Average Directional Index/ADX (14) | 21.43 | NEUTRAL | The ADX value for WASH suggests a possible start of a new trend. |
WASH Chart- and CandleStick Pattern Analysis
WASH Technicals: Chart, Performance Metrics, Trend & Indicators
32.64
-0.53 (-1.6%)
WASHINGTON TRUST BANCORP / WASH TA FAQ
What is the ChartMill technical rating of WASHINGTON TRUST BANCORP (WASH) stock?
ChartMill assigns a technical rating of 5 / 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 44.8864. 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 0.0443428, indicating a bearish trend.