WEST BANCORPORATION (WTBA) Stock Technical Analysis
NASDAQ:WTBA - Nasdaq - US95123P1066 - Common Stock - Currency: USD
We assign a technical rating of 6 out of 10 to WTBA. In the past year, WTBA was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
WTBA is part of the Banks industry. There are 394 other stocks in this industry, of which 78% are performing better than WTBA.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
When compared to the yearly performance of all other stocks, WTBA outperforms 51% of them, which is more or less in line with the market.
WTBA is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so WTBA is lagging the market.
In the last month WTBA has a been trading in the 18.51 - 21.67 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
WTBA has an average technical rating and also the quality of the setup is only medium 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
17.97
21.30
We found 2 important support areas.
- A support zone ranging from 19.68 to 19.83. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 18.15 to 18.91. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 20.46 to 20.63. 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 20.99 to 21.09. 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 | NEUTRAL | NEUTRAL | The long term trend for WTBA is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for WTBA is up. |
| ChartMill Relative Strength | 51.36 | NEUTRAL | WTBA is not amongst the best or worst performers 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 | MIXED | The current price of WTBA is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.6 | NEUTRAL | The RSI value for WTBA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests WTBA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 64.02 | NEUTRAL | The Stochastics value for WTBA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.88 | MEDIUM VOLATILITY | The ATR as a percentage value for WTBA suggests some volalility. |
| Average Directional Index/ADX (14) | 24.06 | NEUTRAL | The ADX value for WTBA suggests a possible start of a new 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)
20.22
-0.5 (-2.41%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-2.41%
1 Week-4.13%
2 Weeks2.95%
1 Month3.32%
3 Month10.43%
6 Month1.1%
12 Month5.53%
2 Year0.8%
3 Year-22.26%
5 Year23.22%
10 Year3.53%
15 Year202.24%
Volatility
ATR(14)0.62
ATR(20)%2.88%
ATR Inc-29.51%
Range Today0.36
ADR(20)0.52
ADR(20)%2.56%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS51.36
Mansfield-0.89
10 Day High21.67
10 Day Low19.42
20 Day High21.67
20 Day Low18.51
52 Week High24.85
52 Week Low17.33
CS1 End19.83
CR1 Start20.46
Volume & EV
DER(3)0.7%
DER(5)-1.08%
Volume15.80K
Volume Incr-34.56%
Vol(5)21.88K
Vol(50)30.96K