CATHAY GENERAL BANCORP (CATY)

US1491501045 - Common Stock

47.49  +0.47 (+1%)

Premarket: 47.9 +0.41 (+0.86%)

Technical Rating and Analysis

5

Overall CATY gets a technical rating of 5 out of 10. CATY has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.

In the last month CATY has a been trading in the 46.56 - 55.29 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
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, CATY outperforms 68% of them, which is more or less in line with the market.
CATY is part of the Banks industry. There are 407 other stocks in this industry, CATY did better than 51% of them.
CATY 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 CATY is lagging the market slightly.
Weekly and Daily overview Charts
CATY Weekly chart
CATY Daily chart
Setup Rating and Analysis

2

CATY has an average technical rating and it also does not offer a high quality setup 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.

Support and Resistance Analysis

36.79

54.40

When analyzing the support we can see 5 important areas.

  • A support zone ranging from 47.01 to 47.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @45.98 from a trend line in the daily time frame.
  • Support @44.09 from a trend line in the daily time frame.
  • Support @38.52 from a trend line in the weekly time frame.
  • Support @37.16 from a trend line in the weekly time frame.

2 important resistance areas can be observed.

  • A resistance zone ranging from 52.82 to 52.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Resistance @53.86 from a horizontal line in the daily time frame.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS68.31
Mansfield0.39
10 Day High52.43
10 Day Low46.56
20 Day High55.29
20 Day Low46.56
52 Week High55.29
52 Week Low33.88
Performance
1 Week-6.09%
2 Weeks-7.68%
1 Month-7.8%
3 Month9.47%
6 Month31.73%
12 Month6.58%
2 Year16.43%
3 Year10.47%
5 Year24.81%
10 Year85.58%
15 Year529.01%
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)-0.68
RSI(14)36.58
LBB47.02
UBB53.38
CATY Daily chart

CATHAY GENERAL BANCORP

NASDAQ:CATY (12/20/2024, 8:00:02 PM)

Premarket: 47.9 +0.41 (+0.86%)

47.49

+0.47 (+1%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg1%
1 Week-6.09%
2 Weeks-7.68%
1 Month-7.8%
3 Month9.47%
6 Month31.73%
12 Month6.58%
2 Year16.43%
3 Year10.47%
5 Year24.81%
10 Year85.58%
15 Year529.01%
Volatility
ATR(14)1.41
ATR(20)%2.96%
ATR Inc15.04%
Range Today1.48
ADR(20)1.38
ADR(20)%2.91%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS68.31
Mansfield0.39
10 Day High52.43
10 Day Low46.56
20 Day High55.29
20 Day Low46.56
52 Week High55.29
52 Week Low33.88
CS1 End47.48
CR1 Start52.82
Volume & EV
DER(3)-2.97%
DER(5)-0.97%
Volume1.27M
Volume Incr123.82%
Vol(5)668.82K
Vol(50)336.38K