WASHINGTON TRUST BANCORP INC. - Daily - Technical analysis published on 02/17/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Bearish
Technical indicators
39%
28%
33%
My opinion
Bearish under 51.64 USD
My targets
47.80 USD (-2.33%)
45.26 USD (-7.52%)
My analysis
In the short term, we can see an acceleration in the bearish trend on WASHINGTON TRUST BANCORP INC., which is a positive signal for sellers. As long as the price remains above 51.64 USD, a sale could be considered. The first bearish objective is located at 47.80 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 45.26 USD as an objective. Crossing it would then enable sellers to target 41.99 USD. If the price were to return above 51.64 USD, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
FORCE
0
10
3.9
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The WASHINGTON TRUST BANCORP INC. rating is 48.94 USD. The price registered a decrease of -0.49% on the session and was between 48.78 USD and 49.29 USD. This implies that the price is at +0.33% from its lowest and at -0.71% from its highest.48.78
49.29
48.94
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of WASHINGTON TRUST BANCORP INC. indicates that the overall trend is bearish. 75% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
On the 18 technical indicators analysed, 7 are bullish, 6 are neutral and 5 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 41.99 | 45.26 | 47.80 | 48.94 | 49.06 | 51.64 | 52.58 |
| Change (%) | -14.20% | -7.52% | -2.33% | - | +0.25% | +5.52% | +7.44% |
| Change | -6.95 | -3.68 | -1.14 | - | +0.12 | +2.70 | +3.64 |
| Level | Major | Minor | Major | - | Intermediate | Intermediate | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 48.67 | 48.79 | 48.99 | 49.11 | 49.30 | 49.42 | 49.62 |
| Camarilla | 49.09 | 49.12 | 49.15 | 49.18 | 49.21 | 49.24 | 49.27 |
| Woodie | 48.71 | 48.81 | 49.02 | 49.12 | 49.34 | 49.44 | 49.65 |
| Fibonacci | 48.79 | 48.91 | 48.99 | 49.11 | 49.23 | 49.30 | 49.42 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 45.72 | 46.56 | 47.71 | 48.55 | 49.70 | 50.54 | 51.69 |
| Camarilla | 48.31 | 48.50 | 48.68 | 48.86 | 49.04 | 49.23 | 49.41 |
| Woodie | 45.88 | 46.64 | 47.87 | 48.63 | 49.86 | 50.62 | 51.85 |
| Fibonacci | 46.56 | 47.32 | 47.79 | 48.55 | 49.31 | 49.78 | 50.54 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 37.26 | 41.91 | 44.62 | 49.26 | 51.98 | 56.62 | 59.33 |
| Camarilla | 45.31 | 45.98 | 46.66 | 47.33 | 48.00 | 48.68 | 49.35 |
| Woodie | 36.29 | 41.42 | 43.65 | 48.78 | 51.01 | 56.14 | 58.37 |
| Fibonacci | 41.91 | 44.72 | 46.45 | 49.26 | 52.08 | 53.81 | 56.62 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 40.93 | |
| MACD (12,26,9): | -0.7500 | |
| Directional Movement: | -13.73 | |
| AROON (14): | -7.14 | |
| DEMA (21): | 48.51 | |
| Parabolic SAR (0,02-0,02-0,2): | 51.13 | |
| Elder Ray (13): | -0.14 | |
| Super Trend (3,10): | 51.01 | |
| Zig ZAG (10): | 48.94 | |
| VORTEX (21): | 0.8400 | |
| Stochastique (14,3,5): | 57.96 | |
| TEMA (21): | 48.28 | |
| Williams %R (14): | -32.91 | |
| Chande Momentum Oscillator (20): | 1.82 | |
| Repulse (5,40,3): | -0.1900 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2700 | |
| Courbe Coppock: | 5.91 |
| MA7: | 49.02 | |
| MA20: | 49.41 | |
| MA50: | 51.45 | |
| MA100: | 50.68 | |
| MAexp7: | 49.01 | |
| MAexp20: | 49.56 | |
| MAexp50: | 50.52 | |
| MAexp100: | 50.48 | |
| Price / MA7: | -0.16% | |
| Price / MA20: | -0.95% | |
| Price / MA50: | -4.88% | |
| Price / MA100: | -3.43% | |
| Price / MAexp7: | -0.14% | |
| Price / MAexp20: | -1.25% | |
| Price / MAexp50: | -3.13% | |
| Price / MAexp100: | -3.05% |
News
Don"t forget to follow the news on WASHINGTON TRUST BANCORP INC.. At the time of publication of this analysis, the latest news was as follows:
- Washington Trust Bancorp, Inc. to Host Earnings Call
- Washington Trust Provides Commercial Financing for the Development of a Two-Parcel Property in Dedham, MA
- Washington Trust Reports Record Full-Year 2016 Earnings
- Washington Trust Announces Date of Fourth Quarter 2016 Earnings Release, Conference Call and Webcast
- Washington Trust Provides $33.5 Million in Financing for Five Building Retail Property in North Haven, CT
This member declared not having a position on this financial instrument or a related financial instrument.
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