WATERSTONE FINANCIAL INC (WSBF) Technical Analysis
NASDAQ:WSBF • US94188P1012
We assign a technical rating of 6 out of 10 to WSBF. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- When comparing the yearly performance of all stocks, we notice that WSBF is one of the better performing stocks in the market, outperforming 78% of all stocks. On top of that, WSBF also shows a nice and consistent pattern of rising prices.
- WSBF is part of the Financial Services industry. There are 98 other stocks in this industry. WSBF outperforms 90% of them.
- WSBF 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 WSBF is performing more or less in line with the market.
- In the last month WSBF has a been trading in the 16.85 - 18.54 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
- Volume is considerably higher in the last couple of days.
Although the technical rating is only medium, WSBF does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 17.46, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
11.85
2 important support areas can be observed.
- A support zone ranging from 17.28 to 17.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @11.97 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 17.65 to 17.87. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 18.18 to 18.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @18.76 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 WSBF is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for WSBF is down. |
| ChartMill Relative Strength | 78.51 | POSITIVE | WSBF has a high relative strength, it outperformed 78.51% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of WSBF is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of WSBF is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of WSBF is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.39 | NEUTRAL | The RSI value for WSBF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests WSBF has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 50.51 | NEUTRAL | The Stochastics value for WSBF is a neutral value. |
| Average True Range in percent/ATR (20) | 3.17 | MEDIUM VOLATILITY | The ATR as a percentage value for WSBF suggests some volalility. |
| Average Directional Index/ADX (14) | 11.59 | NEGATIVE | The low ADX value for WSBF suggests a weak or negative 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 |
|---|---|---|---|
| 17.88 | 17.27 | 0.61 (3.41%) | 25.00% |
| An entry @17.88. This is a Buy Stop order right above the resistance zone. | An exit @17.27. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.61 points, which is 3.41%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.85%. |
- The distance between exit and entry is rather small compared to the average daily movement of WSBF. 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.
WSBF Technicals: Chart, Performance Metrics, Trend & Indicators
17.64
-0.09 (-0.51%)
WATERSTONE FINANCIAL INC / WSBF FAQ
Can you provide the ChartMill technical rating for WATERSTONE FINANCIAL INC?
ChartMill assigns a technical rating of 6 / 10 to WSBF.
What is the trend direction for WSBF stock?
The current trend direction for WATERSTONE FINANCIAL INC (WSBF) is Bullish.
What is the RSI signal for WSBF stock?
WATERSTONE FINANCIAL INC (WSBF) has an RSI value of 47.393. This indicates that the stock is currently neutral.
What is the short term momentum for WATERSTONE FINANCIAL INC (WSBF) stock?
The short term momentum for WATERSTONE FINANCIAL INC (WSBF) is negative.
What is the buy/sell signal for WSBF stock?
The buy/sell signal for WATERSTONE FINANCIAL INC (WSBF) is hold as the short term and long term trends are mixed.