WESTERN NEW ENGLAND BANCORP (WNEB) Stock Technical Analysis
NASDAQ:WNEB - US9588921018 - Common Stock
12.37 USD
+0.52 (+4.39%)
12.37 USD
0 (0%)
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.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, WNEB did better than 89% of all other stocks.
WNEB is part of the Banks industry. There are 393 other stocks in this industry. WNEB outperforms 95% of them.
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 10.25 - 12.40 range, which is quite wide. It is currently trading near the high of this range.
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 offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
8.47
12.49
When analyzing the support we can see 5 important areas.
- A support zone ranging from 11.64 to 11.77. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 11.21 to 11.35. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 9.36 to 9.42. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @9.09 from a horizontal line in the daily time frame.
- Support @8.56 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 | 89.27 | POSITIVE | WNEB has a high relative strength, it outperformed 89.27% 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) | 73.85 | OVERBOUGHT | The high RSI value suggests WNEB may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests WNEB has a positive trend. |
| Stochastics (14,3) | 94.23 | OVERBOUGHT | The high Stochastics value suggests WNEB may be overbought. |
| Average True Range in percent/ATR (20) | 2.67 | MEDIUM VOLATILITY | The ATR as a percentage value for WNEB suggests some volalility. |
| Average Directional Index/ADX (14) | 34.31 | 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)
12.37
+0.52 (+4.39%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg4.39%
1 Week6.18%
2 Weeks11.74%
1 Month9.28%
3 Month35.04%
6 Month32.58%
12 Month40.09%
2 Year96.35%
3 Year48.5%
5 Year141.6%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.3
ATR(20)%2.67%
ATR Inc32.29%
Range Today0.54
ADR(20)0.3
ADR(20)%2.45%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.27
Mansfield2.1
10 Day High12.41
10 Day Low10.94
20 Day High12.41
20 Day Low10.25
52 Week High12.41
52 Week Low7.63
CS1 End11.77
CR1 StartN/A
Volume & EV
DER(3)5.41%
DER(5)1.62%
Volume136.60K
Volume Incr-20.77%
Vol(5)79.42K
Vol(50)136.25K