CATHAY GENERAL BANCORP (CATY)
US1491501045 - Common Stock
We assign a technical rating of 10 out of 10 to CATY. Both in the recent history as in the last year, CATY has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that CATY is one of the better performing stocks in the market, outperforming 83% of all stocks. On top of that, CATY also shows a nice and consistent pattern of rising prices.
CATY 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.
CATY is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
CATY is part of the Banks industry. There are 404 other stocks in this industry, CATY did better than 63% of them.
CATY has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 51.50, a Stop Loss order could be placed below this zone.
More info and screens
36.54
53.48
When analyzing the support we can see 5 important areas.
- A support zone ranging from 50.74 to 51.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @47.61 from a trend line in the daily time frame.
- A support zone ranging from 44.34 to 44.59. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @38.02 from a trend line in the weekly time frame.
- Support @36.91 from a trend line in the weekly time frame.
We found 1 important resistance area.
- Resistance @52.95 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS83.48
Mansfield1.17
10 Day High54.07
10 Day Low49.73
20 Day High54.07
20 Day Low44.55
52 Week High54.07
52 Week Low33.88
Performance
1 Week-0.25%
2 Weeks1.16%
1 Month13.06%
3 Month14.88%
6 Month42.14%
12 Month40.55%
2 Year10.85%
3 Year22.91%
5 Year39.9%
10 Year102.96%
15 Year559.54%
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)
Technical Indicators
MACD(12,26,9)-0.08
RSI(14)63.29
LBB46.67
UBB55.02
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 |
|---|---|---|---|
| 52.96 | 50.73 | 2.23 (4.21%) | 23.75% |
| An entry @52.96. This is a Buy Stop order right above the resistance zone. | An exit @50.73. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.23 points, which is 4.21%. | For a 1.00% total portfolio risk, you can invest 23.75% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of CATY. Please evaluate whether better entry and exit points can be found.
- 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.
CATHAY GENERAL BANCORP
NASDAQ:CATY (11/22/2024, 1:26:40 PM)
52.63
+1.12 (+2.17%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg2.17%
1 Week-0.25%
2 Weeks1.16%
1 Month13.06%
3 Month14.88%
6 Month42.14%
12 Month40.55%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)1.78
ATR(20)%3.12%
ATR Inc
Range Today1.25
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High54.07
10 Day Low49.73
20 Day High54.07
20 Day Low44.55
52 Week High54.07
52 Week Low33.88
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume76.69K
Volume Incr-20.04%
Vol(5)247.70K
Vol(50)293.11K