WEST BANCORPORATION (WTBA) Stock Technical Analysis
USA - NASDAQ:WTBA - US95123P1066 - Common Stock
Overall WTBA gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, WTBA is only an average performer.
WTBA has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. We notice that large players showed an interest for WTBA in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
18.16
We found 4 important support areas.
- A support zone ranging from 20.34 to 20.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 19.58 to 19.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 19.14 to 19.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 18.34 to 18.49. 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 | UP | POSITIVE | The short term trend for WTBA is up. |
| ChartMill Relative Strength | 63.73 | 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 | POSITIVE | The current price of WTBA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 61.38 | 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) | 83.29 | OVERBOUGHT | The high Stochastics value suggests WTBA may be overbought. |
| Average True Range in percent/ATR (20) | 3.19 | MEDIUM VOLATILITY | The ATR as a percentage value for WTBA suggests some volalility. |
| Average Directional Index/ADX (14) | 27.94 | POSITIVE | The high ADX value value for WTBA suggests a strong 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 |
|---|---|---|---|
| 22.18 | 20.80 | 1.38 (6.20%) | 16.13% |
| An entry @22.18. This is a Buy Stop order right above the 10 day high. | An exit @20.80. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.38 points, which is 6.20%. | When investing 16.13% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
21.74
+0.25 (+1.16%)
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 current trend direction of WEST BANCORPORATION (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 61.3839. This indicates that the stock is currently neutral.
Can you provide the short term momentum for WEST BANCORPORATION?
The short term momentum for WEST BANCORPORATION (WTBA) is positive.
Can you provide the support and resistance levels for WEST BANCORPORATION?
WEST BANCORPORATION (WTBA) has a support level at 20.73. Check the full technical report for our detailed analysis of WTBA support and resistance levels.