WASHINGTON TRUST BANCORP (WASH) Stock Technical Analysis
NASDAQ:WASH - Nasdaq - US9406101082 - Common Stock - Currency: USD
Taking everything into account, WASH scores 6 out of 10 in our technical rating. In the past year, WASH was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
WASH is one of the lesser performing stocks in the Banks industry. 79% of 397 stocks in the same industry do better.
WASH is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month WASH has a been trading in the 26.66 - 30.15 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, WASH turns out to be only a medium performer in the overall market: it outperformed 49% of all stocks.
WASH has an average technical rating and also the quality of the setup is only medium 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.
More info and screens
25.82
32.21
3 important support areas can be observed.
- A support zone ranging from 28.30 to 28.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @26.86 from a trend line in the weekly time frame.
- A support zone ranging from 26.08 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 29.59 to 29.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @31.89 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 | 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 | 49.84 | NEUTRAL | WASH is not amongst the best or worst performers 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) | UP | POSITIVE | The current price of WASH is above the rising 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) | 59.36 | NEUTRAL | The RSI value for WASH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.17 | POSITIVE | The MACD value suggests WASH has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 81.28 | OVERBOUGHT | The high Stochastics value suggests WASH may be overbought. |
| Average True Range in percent/ATR (20) | 2.34 | MEDIUM VOLATILITY | The ATR as a percentage value for WASH suggests some volalility. |
| Average Directional Index/ADX (14) | 10.62 | NEGATIVE | The low ADX value for WASH 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)
29.29
-0.37 (-1.25%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-1.25%
1 Week-1.21%
2 Weeks3.98%
1 Month4.98%
3 Month12.14%
6 Month-0.98%
12 Month2.66%
2 Year-8.64%
3 Year-46.63%
5 Year-12.15%
10 Year-26.35%
15 Year51.29%
Volatility
ATR(14)0.71
ATR(20)%2.34%
ATR Inc-36.17%
Range Today0.34
ADR(20)0.64
ADR(20)%2.2%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS49.84
Mansfield-1.32
10 Day High30.15
10 Day Low27.43
20 Day High30.15
20 Day Low26.66
52 Week High40.59
52 Week Low24.95
CS1 End28.58
CR1 Start29.59
Volume & EV
DER(3)-1.73%
DER(5)-2.24%
Volume103.70K
Volume Incr-0.1%
Vol(5)146.68K
Vol(50)133.60K