Overall WTBA gets a technical rating of 8 out of 10. Although WTBA is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- Both the short term and long term trends are positive. This is a very positive sign.
- WTBA 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 WTBA has a been trading in the 21.92 - 26.60 range, which is quite wide. It is currently trading near the high of this range.
- Looking at the yearly performance, WTBA did better than 77% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
- WTBA is an average performer in the Banks industry, it outperforms 62% of 381 stocks in the same industry.
- Volume is considerably higher in the last couple of days.
Although WTBA 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
18.31
When analyzing the support we can see 4 important areas.
- A support zone ranging from 22.74 to 23.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @22.33 from a horizontal line in the daily time frame.
- A support zone ranging from 21.31 to 21.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @18.49 from a horizontal 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 WTBA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for WTBA is up. |
| ChartMill Relative Strength | 77.24 | POSITIVE | WTBA has a high relative strength, it outperformed 77.24% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of WTBA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of WTBA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of WTBA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 71.41 | OVERBOUGHT | The high RSI value suggests WTBA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.3 | POSITIVE | The MACD value suggests WTBA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 92.19 | OVERBOUGHT | The high Stochastics value suggests WTBA may be overbought. |
| Average True Range in percent/ATR (20) | 3.01 | MEDIUM VOLATILITY | The ATR as a percentage value for WTBA suggests some volalility. |
| Average Directional Index/ADX (14) | 35.79 | POSITIVE | The high ADX value value for WTBA suggests a strong trend. |
26.08
-0.11 (-0.42%)
WEST BANCORPORATION / WTBA FAQ
Can you provide the ChartMill technical rating for WEST BANCORPORATION?
ChartMill assigns a technical rating of 8 / 10 to WTBA.
What is the trend direction for WTBA stock?
The current trend direction for WEST BANCORPORATION (WTBA) is Bullish.
Can you provide the RSI signal for WEST BANCORPORATION?
WEST BANCORPORATION (WTBA) has an RSI value of 71.412. This indicates that the stock is currently overbought.
What is the buy/sell signal for WTBA stock?
The buy/sell signal for WEST BANCORPORATION (WTBA) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for WEST BANCORPORATION?
WEST BANCORPORATION (WTBA) has a support level at 23.36. Check the full technical report for our detailed analysis of WTBA support and resistance levels.