CATHAY GENERAL BANCORP

- USD (-)

- 15 min delayed data - NASDAQ Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
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Type:	Stocks
Ticker:	CATY
ISIN:

CATHAY GENERAL BANCORP - Daily - Technical analysis published on 07/23/2024 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

89%

11%

My opinion

Bullish above 42.17 USD

My targets

44.59 USD (+2.98%)

My analysis

CATHAY GENERAL BANCORP is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 42.17 USD. The next resistance located at 44.59 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

8.9

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by dukeokafor. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The CATHAY GENERAL BANCORP rating is 43.30 USD. On the day, this instrument gained +0.65% with the lowest point at 41.37 USD and the highest point at 43.79 USD. The deviation from the price is +4.67% for the low point and -1.12% for the high point.

41.37

43.79

43.30

A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.

Opening Gap DOWN

Type : Bearish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The study of the highest / lowest by the Central Records scanner shows the following results:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of CATHAY GENERAL BANCORP in Daily shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 16 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Daily

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Near horizontal resistance

Type : Bearish

Timeframe : Daily

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	40.19	42.17	43.24	43.30	44.59
Change (%)	-7.18%	-2.61%	-0.14%	-	+2.98%
Change	-3.11	-1.13	-0.06	-	+1.29
Level	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	39.43	40.40	41.85	42.82	44.27	45.24	46.69
Camarilla	42.64	42.86	43.08	43.30	43.52	43.74	43.97
Woodie	39.67	40.52	42.09	42.94	44.51	45.36	46.93
Fibonacci	40.40	41.32	41.90	42.82	43.74	44.32	45.24

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	35.99	37.93	39.97	41.91	43.95	45.89	47.93
Camarilla	40.91	41.27	41.64	42.00	42.37	42.73	43.10
Woodie	36.03	37.96	40.01	41.94	43.99	45.92	47.97
Fibonacci	37.93	39.45	40.39	41.91	43.43	44.37	45.89

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	32.00	33.37	35.55	36.92	39.10	40.47	42.65
Camarilla	36.74	37.07	37.40	37.72	38.05	38.37	38.70
Woodie	32.40	33.57	35.95	37.12	39.50	40.67	43.05
Fibonacci	33.37	34.73	35.57	36.92	38.28	39.12	40.47

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	74.37
MACD (12,26,9):	1.7300
Directional Movement:	24.72
AROON (14):	64.28
DEMA (21):	41.94
Parabolic SAR (0,02-0,02-0,2):	41.18
Elder Ray (13):	1.68
Super Trend (3,10):	39.76
Zig ZAG (10):	43.30
VORTEX (21):	1.1600
Stochastique (14,3,5):	85.94
TEMA (21):	43.15
Williams %R (14):	-7.24
Chande Momentum Oscillator (20):	7.03
Repulse (5,40,3):	6.9100
ROCnROLL:	1
TRIX (15,9):	0.4700
Courbe Coppock:	28.57

MA7:	42.46
MA20:	39.17
MA50:	37.51
MA100:	37.10
MAexp7:	42.12
MAexp20:	39.92
MAexp50:	38.21
MAexp100:	37.69
Price / MA7:	+1.98%
Price / MA20:	+10.54%
Price / MA50:	+15.44%
Price / MA100:	+16.71%
Price / MAexp7:	+2.80%
Price / MAexp20:	+8.47%
Price / MAexp50:	+13.32%
Price / MAexp100:	+14.88%

Quotes : - 15 min delayed data - NASDAQ Stocks

News

The last news published on CATHAY GENERAL BANCORP at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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