WESTERN NEW ENGLAND BANCORP (WNEB) Stock Technical Analysis
NASDAQ:WNEB - Nasdaq - US9588921018 - Common Stock - Currency: USD
Taking everything into account, WNEB scores 9 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.
When comparing the yearly performance of all stocks, we notice that WNEB is one of the better performing stocks in the market, outperforming 74% of all stocks.
WNEB is currently trading near its 52 week high, which is a good sign. 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 8.53 - 10.16 range, which is quite wide. It is currently trading near the high of this range.
WNEB is part of the Banks industry. There are 396 other stocks in this industry, WNEB did better than 66% of them.
Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, WNEB also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 9.99. Right above this resistance zone may be a good entry point.
More info and screens
6.16
10.19
We found 6 important support areas.
- A support zone ranging from 9.88 to 9.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 9.41 to 9.57. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 8.94 to 9.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 8.61 to 8.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @8.37 from a trend line in the weekly time frame.
- Support @6.22 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- Resistance @10.09 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 WNEB is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for WNEB is up. |
| ChartMill Relative Strength | 74.13 | POSITIVE | WNEB has a high relative strength, it outperformed 74.13% 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) | 59.91 | NEUTRAL | The RSI value for WNEB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests WNEB has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 82.96 | OVERBOUGHT | The high Stochastics value suggests WNEB may be overbought. |
| Average True Range in percent/ATR (20) | 2.65 | MEDIUM VOLATILITY | The ATR as a percentage value for WNEB suggests some volalility. |
| Average Directional Index/ADX (14) | 28.21 | POSITIVE | The high ADX value value for WNEB suggests a strong 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 |
|---|---|---|---|
| 10.10 | 9.87 | 0.23 (2.28%) | 25.00% |
| An entry @10.10. This is a Buy Stop order right above the resistance zone. | An exit @9.87. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.23 points, which is 2.28%. | For a 0.57% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of WNEB. Please evaluate whether better entry and exit points can be found.
- 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.
NASDAQ:WNEB (7/21/2025, 2:43:02 PM)
10.07
+0.09 (+0.9%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg0.9%
1 Week2.2%
2 Weeks0.15%
1 Month15.97%
3 Month16.78%
6 Month9.85%
12 Month18.73%
2 Year49.25%
3 Year13.47%
5 Year98.12%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.28
ATR(20)%2.65%
ATR Inc12.3%
Range Today0.13
ADR(20)0.26
ADR(20)%2.56%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS74.13
Mansfield0.21
10 Day High10.16
10 Day Low9.57
20 Day High10.16
20 Day Low8.53
52 Week High10.16
52 Week Low7.38
CS1 End9.89
CR1 Start9.99
Volume & EV
DER(3)1.77%
DER(5)0.72%
Volume19.16K
Volume Incr-68.96%
Vol(5)63.52K
Vol(50)116.22K