WESTERN NEW ENGLAND BANCORP (WNEB) Stock Technical Analysis
NASDAQ:WNEB • US9588921018
We assign a technical rating of 10 out of 10 to WNEB. 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.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that WNEB is one of the better performing stocks in the market, outperforming 87% of all stocks. On top of that, WNEB also shows a nice and consistent pattern of rising prices.
- WNEB is part of the Banks industry. There are 381 other stocks in this industry. WNEB outperforms 90% of them.
- 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.
- 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.
Besides having an excellent technical rating, WNEB also presents 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. There is very little resistance above the current price. 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.
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9.42
We found 3 important support areas.
- A support zone ranging from 13.03 to 13.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 12.26 to 12.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @9.52 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 | 87.81 | POSITIVE | WNEB has a high relative strength, it outperformed 87.81% 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) | 64.03 | NEUTRAL | The RSI value for WNEB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests WNEB has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 70.67 | NEUTRAL | The Stochastics value for WNEB is a neutral value. |
| Average True Range in percent/ATR (20) | 2.81 | MEDIUM VOLATILITY | The ATR as a percentage value for WNEB suggests some volalility. |
| Average Directional Index/ADX (14) | 36.46 | POSITIVE | The high ADX value value for WNEB suggests a strong trend. |
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 |
|---|---|---|---|
| 14.53 | 13.51 | 1.02 (7.02%) | 14.25% |
| An entry @14.53. This is a Buy Stop order right above the 10 day high. | An exit @13.51. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.02 points, which is 7.02%. | When investing 14.25% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
14.05
+0.13 (+0.93%)
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 64.0335. This indicates that the stock is currently neutral.
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.