WESTERN NEW ENGLAND BANCORP (WNEB) Stock Technical Analysis
NASDAQ:WNEB - Nasdaq - US9588921018 - Common Stock - Currency: USD
We assign a technical rating of 6 out of 10 to WNEB. In the last year, WNEB was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
Looking at the yearly performance, WNEB did better than 87% of all other stocks.
WNEB is part of the Banks industry. There are 396 other stocks in this industry. WNEB outperforms 78% of them.
WNEB is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so WNEB is performing more or less in line with the market.
WNEB is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
WNEB has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. We notice that large players showed an interest for WNEB in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
6.16
10.10
When analyzing the support we can see 3 important areas.
- Support @8.07 from a trend line in the weekly time frame.
- A support zone ranging from 7.83 to 7.91. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @6.22 from a horizontal line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 9.40 to 9.45. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @9.78 from a horizontal line in the daily time frame.
- A resistance zone ranging from 10.00 to 10.00. 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 | UP | POSITIVE | The long term trend for WNEB is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for WNEB is neutral. |
| ChartMill Relative Strength | 87.66 | POSITIVE | WNEB has a high relative strength, it outperformed 87.66% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of WNEB is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of WNEB is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of WNEB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 46.29 | NEUTRAL | The RSI value for WNEB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests WNEB has a negative trend. |
| Stochastics (14,3) | 17.49 | OVERSOLD | The low Stochastics value suggests WNEB may be oversold. |
| Average True Range in percent/ATR (20) | 2.46 | MEDIUM VOLATILITY | The ATR as a percentage value for WNEB suggests some volalility. |
| Average Directional Index/ADX (14) | 20.7 | NEUTRAL | The ADX value for WNEB suggests a possible start of a new 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 9.46 | 9.11 | 0.35 (3.73%) | 25.00% |
| An entry @9.46. This is a Buy Stop order right above the 10 day moving average. | An exit @9.11. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.35 points, which is 3.73%. | For a 0.93% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
9.17
-0.13 (-1.4%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-1.4%
1 Week-3.07%
2 Weeks-4.58%
1 Month-0.33%
3 Month-1.71%
6 Month-3.47%
12 Month34.85%
2 Year62.01%
3 Year7.88%
5 Year73.67%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.18
ATR(20)%2.46%
ATR Inc-4.03%
Range Today0.21
ADR(20)0.22
ADR(20)%2.39%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.66
Mansfield0.39
10 Day High9.88
10 Day Low9.12
20 Day High9.88
20 Day Low8.98
52 Week High10.08
52 Week Low6.1
CS1 End8.07
CR1 Start9.4
Volume & EV
DER(3)3.1%
DER(5)2.25%
Volume56.50K
Volume Incr-45.43%
Vol(5)39.40K
Vol(50)62.41K