Technical Analysis for WABC - Westamerica Bancorporation

Grade Last Price % Change Price Change
C 50.37 0.90% 0.45
WABC closed up 0.9 percent on Friday, May 17, 2024, on approximately normal volume. The price action carved out a bearish shooting star candlestick pattern. That may indicate a downside reversal. Look for price to trade beneath the low of the shooting star for confirmation. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Up Up

Date Alert Name Type % Chg
Shooting Star Candlestick Bearish 0.00%
Pocket Pivot Bullish Swing Setup 0.00%
Gapped Up Strength 0.00%
Overbought Stochastic Strength 0.00%
Up 3 Days in a Row Strength 0.00%
NR7 Range Contraction 0.90%
Narrow Range Bar Range Contraction 0.90%
Stochastic Reached Overbought Strength 0.90%
Multiple of Ten Bearish Other 0.90%
Inside Day Range Contraction 0.90%

   Recent Intraday Alerts

Alert Time
Up 2% 1 day ago
Up 1 ATR 1 day ago
Rose Above Previous Day's High 1 day ago
Up 1% 1 day ago
10 DMA Support 2 days ago

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Profile

Westamerica Bancorporation Description

Westamerica Bancorporation operates as the bank holding company for Westamerica Bank that provides a range of banking services to corporate and individual customers. Its deposit products include retail savings and checking accounts; non interest bearing demand deposits; interest bearing transaction, savings, and time deposits; and certificates of deposit. The company's loan portfolio comprises commercial and residential real estate loans, commercial loans, construction loans, and consumer and other installment loans. It operates through 95 branch offices in 21 counties in northern and central California. The company was formerly known as Independent Bankshares Corporation and changed its name to Westamerica Bancorporation in 1983. Westamerica Bancorporation was founded in 1972 and is headquartered in San Rafael, California.


Classification

Sector: Financial Services
Industry: Banks - Regional - US
Keywords: Banking Bank Deposit Products Demand Deposit Banking Services Residential Real Estate Loans

Is WABC a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 56.794
52 Week Low 35.9762
Average Volume 110,256
200-Day Moving Average 47.15
50-Day Moving Average 47.49
20-Day Moving Average 48.53
10-Day Moving Average 49.73
Average True Range 0.92
RSI (14) 65.64
ADX 17.93
+DI 31.10
-DI 16.81
Chandelier Exit (Long, 3 ATRs) 48.29
Chandelier Exit (Short, 3 ATRs) 47.47
Upper Bollinger Bands 51.25
Lower Bollinger Band 45.81
Percent B (%b) 0.84
BandWidth 11.20
MACD Line 0.85
MACD Signal Line 0.71
MACD Histogram 0.1408
Fundamentals Value
Market Cap 1.34 Billion
Num Shares 26.7 Million
EPS 6.06
Price-to-Earnings (P/E) Ratio 8.31
Price-to-Sales 3.71
Price-to-Book 1.56
PEG Ratio 8.32
Dividend 1.72
Dividend Yield 3.41%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 51.89
Resistance 3 (R3) 51.95 51.50 51.63
Resistance 2 (R2) 51.50 51.12 51.47 51.55
Resistance 1 (R1) 50.94 50.88 51.22 50.88 51.46
Pivot Point 50.49 50.49 50.64 50.46 50.49
Support 1 (S1) 49.93 50.11 50.21 49.87 49.28
Support 2 (S2) 49.48 49.87 49.45 49.19
Support 3 (S3) 48.92 49.48 49.11
Support 4 (S4) 48.86