Taking everything into account, WNEB scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, WNEB has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, WNEB did better than 90% of all other stocks. On top of that, WNEB also shows a nice and consistent pattern of rising prices.
- WNEB is one of the better performing stocks in the Banks industry, it outperforms 90% of 383 stocks in the same industry.
- WNEB is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month WNEB has a been trading in the 12.33 - 14.44 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although WNEB has an excellent technical rating, it does not present a decent entry opportunity 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
9.39
3 important support areas can be observed.
- A support zone ranging from 12.84 to 12.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 12.16 to 12.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @9.48 from a trend line in the weekly 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 WNEB is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for WNEB is up. |
| ChartMill Relative Strength | 90.26 | POSITIVE | WNEB has a high relative strength, it outperformed 90.26% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of WNEB is above the rising 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) | 71.85 | OVERBOUGHT | The high RSI value suggests WNEB may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests WNEB has a positive trend. |
| Stochastics (14,3) | 90.07 | OVERBOUGHT | The high Stochastics value suggests WNEB may be overbought. |
| Average True Range in percent/ATR (20) | 2.8 | MEDIUM VOLATILITY | The ATR as a percentage value for WNEB suggests some volalility. |
| Average Directional Index/ADX (14) | 33.66 | POSITIVE | The high ADX value value for WNEB suggests a strong trend. |
14.19
+0.05 (+0.35%)
WESTERN NEW ENGLAND BANCORP / WNEB FAQ
What is the ChartMill technical rating of WESTERN NEW ENGLAND BANCORP (WNEB) stock?
ChartMill assigns a technical rating of 10 / 10 to WNEB.
What is the trend direction for WNEB stock?
The current trend direction for WESTERN NEW ENGLAND BANCORP (WNEB) is Bullish.
What is the RSI signal for WNEB stock?
WESTERN NEW ENGLAND BANCORP (WNEB) has an RSI value of 71.8546. This indicates that the stock is currently overbought.
Can you provide the short term momentum for WESTERN NEW ENGLAND BANCORP?
The short term momentum for WESTERN NEW ENGLAND BANCORP (WNEB) is positive.
Can you provide the buy/sell signal for WESTERN NEW ENGLAND BANCORP?
The buy/sell signal for WESTERN NEW ENGLAND BANCORP (WNEB) is buy as both the short term and long term trends are positive.