WEST BANCORPORATION (WTBA) Stock Technical Analysis
NASDAQ:WTBA - Nasdaq - US95123P1066 - Common Stock - Currency: USD
Taking everything into account, WTBA scores 0 out of 10 in our technical rating. WTBA scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, WTBA is a bad performer in the overall market: 74% of all stocks are doing better.
WTBA is one of the lesser performing stocks in the Banks industry. 82% of 392 stocks in the same industry do better.
WTBA is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month WTBA has a been trading in the 17.31 - 20.97 range, which is quite wide. It is currently trading near the lows of this range.
Volume is considerably higher in the last couple of days.
WTBA has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 17.96, a Stop Loss order could be placed below this zone.
More info and screens
17.62
20.84
When analyzing the support we notice one important area.
- A support zone ranging from 17.80 to 17.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- Resistance @18.60 from a horizontal line in the daily time frame.
- A resistance zone ranging from 18.91 to 19.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 20.59 to 20.63. 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 | DOWN | NEGATIVE | The long term trend for WTBA is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for WTBA is down. |
| ChartMill Relative Strength | 26.08 | NEGATIVE | WTBA has a low relative strength, it was outperformed by 73.92% off all stocks 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) | DOWN | NEGATIVE | The current price of WTBA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of WTBA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 37.65 | NEUTRAL | The RSI value for WTBA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests WTBA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 21.5 | 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) | 20.36 | 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)
17.97
+0.17 (+0.96%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg0.96%
1 Week0.06%
2 Weeks-3.9%
1 Month-11.13%
3 Month-7.54%
6 Month-18.09%
12 Month0.45%
2 Year-2.97%
3 Year-26.98%
5 Year2.1%
10 Year-0.33%
15 Year204.58%
Volatility
ATR(14)0.65
ATR(20)%3.71%
ATR Inc-16.15%
Range Today0.51
ADR(20)0.64
ADR(20)%3.59%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS26.08
Mansfield-1.96
10 Day High19.01
10 Day Low17.31
20 Day High20.97
20 Day Low17.31
52 Week High24.85
52 Week Low17.31
CS1 End17.96
CR1 Start18.6
Volume & EV
DER(3)-10.11%
DER(5)-11.26%
Volume38.50K
Volume Incr64.26%
Vol(5)50.42K
Vol(50)33.45K