WEST BANCORPORATION (WTBA) Technical Analysis
NASDAQ:WTBA • US95123P1066
Overall WTBA gets a technical rating of 4 out of 10. In the last year, WTBA was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
- In the last month WTBA has a been trading in the 22.86 - 26.60 range, which is quite wide. It is currently trading near the lows of this range.
- The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
- When compared to the yearly performance of all other stocks, WTBA outperforms 61% of them, which is more or less in line with the market.
- WTBA is part of the Banks industry. There are 381 other stocks in this industry, WTBA did better than 61% of them.
- WTBA is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so WTBA is lagging the market slightly.
WTBA has an average technical rating and the quality of the presented setup is also not ideal at the moment. Prices have been consolidating lately.
More info and screens
18.31
5 important support areas can be observed.
- Support @23.56 from a trend line in the daily time frame.
- Support @22.81 from a trend line in the daily time frame.
- A support zone ranging from 21.77 to 21.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @18.84 from a trend line in the weekly time frame.
- Support @18.49 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 23.72 to 23.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 26.31 to 26.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | DOWN | NEGATIVE | The short term trend for WTBA is down. |
| ChartMill Relative Strength | 61.74 | NEUTRAL | WTBA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of WTBA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of WTBA is below 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) | 40.76 | NEUTRAL | The RSI value for WTBA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.23 | NEGATIVE | The MACD value suggests WTBA has a negative trend. |
| Stochastics (14,3) | 27.36 | NEUTRAL | The Stochastics value for WTBA is a neutral value. |
| Average True Range in percent/ATR (20) | 3.71 | MEDIUM VOLATILITY | The ATR as a percentage value for WTBA suggests some volalility. |
| Average Directional Index/ADX (14) | 20.73 | NEUTRAL | The ADX value for WTBA suggests a possible start of a new trend. |
WTBA Technicals: Chart, Performance Metrics, Trend & Indicators
23.67
-0.26 (-1.09%)
WEST BANCORPORATION / WTBA FAQ
Can you provide the ChartMill technical rating for WEST BANCORPORATION?
ChartMill assigns a technical rating of 4 / 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 40.7639. This indicates that the stock is currently neutral.
What is the buy/sell signal for WTBA stock?
The buy/sell signal for WEST BANCORPORATION (WTBA) is hold as the short term and long term trends are mixed.
Can you provide the support and resistance levels for WEST BANCORPORATION?
WEST BANCORPORATION (WTBA) has a support level at 23.56 and a resistance level at 23.72. Check the full technical report for our detailed analysis of WTBA support and resistance levels.