EAST WEST BANCORP INC.

- USD (-)

- 15 min delayed data - NASDAQ Stocks

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Type:	Stocks
Ticker:	EWBC
ISIN:

EAST WEST BANCORP INC. - Daily - Technical analysis published on 11/26/2019 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Bullish

Technical indicators

50%

17%

33%

My opinion

Bullish above 41.86 USD

My targets

46.06 USD (+0.04%)

49.19 USD (+6.84%)

My analysis

EAST WEST BANCORP INC. 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 41.86 USD. The next resistance located at 46.06 USD is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 49.19 USD. After this resistance, buyers could then target 52.73 USD.

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

5.7

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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

EAST WEST BANCORP INC. rating 46.04 USD. The price registered an increase of +2.24% on the session and was traded between 44.86 USD and 46.14 USD over the period. The price is currently at +2.63% from its lowest and -0.22% from its highest.

44.86

46.14

46.04

The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.

Opening Gap UP

Type : Bullish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner, which identifies the highest / lowest, has detected an element:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of EAST WEST BANCORP INC. indicates that the overall trend is bullish. 78.57% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : Daily

The probability of a further increase is slight given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

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:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

Aroon indicator bearish trend

Type : Bearish

Timeframe : Daily

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

Near horizontal resistance

Type : Bearish

Timeframe : Daily

Near resistance of triangle

Type : Bearish

Timeframe : Daily

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	37.90	39.72	41.86	46.04	46.06	49.19	52.73
Change (%)	-17.68%	-13.73%	-9.08%	-	+0.04%	+6.84%	+14.53%
Change	-8.14	-6.32	-4.18	-	+0.02	+3.15	+6.69
Level	Major	Minor	Major	-	Major	Major	Intermediate

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	43.85	44.12	44.58	44.85	45.31	45.58	46.04
Camarilla	44.83	44.90	44.96	45.03	45.10	45.16	45.23
Woodie	43.94	44.17	44.67	44.90	45.40	45.63	46.13
Fibonacci	44.12	44.40	44.57	44.85	45.13	45.30	45.58

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	42.51	43.06	44.04	44.59	45.57	46.12	47.10
Camarilla	44.61	44.75	44.89	45.03	45.17	45.31	45.45
Woodie	42.74	43.17	44.27	44.70	45.80	46.23	47.33
Fibonacci	43.06	43.64	44.00	44.59	45.17	45.53	46.12

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	34.68	37.17	40.04	42.53	45.40	47.89	50.76
Camarilla	41.45	41.94	42.43	42.92	43.41	43.90	44.39
Woodie	34.88	37.27	40.24	42.63	45.60	47.99	50.96
Fibonacci	37.17	39.21	40.48	42.53	44.57	45.84	47.89

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):	61.31
MACD (12,26,9):	0.4000
Directional Movement:	7.49
AROON (14):	-64.28
DEMA (21):	45.26
Parabolic SAR (0,02-0,02-0,2):	46.35
Elder Ray (13):	0.60
Super Trend (3,10):	42.50
Zig ZAG (10):	46.04
VORTEX (21):	1.0300
Stochastique (14,3,5):	49.17
TEMA (21):	45.33
Williams %R (14):	-24.22
Chande Momentum Oscillator (20):	0.07
Repulse (5,40,3):	3.6100
ROCnROLL:	1
TRIX (15,9):	0.1600
Courbe Coppock:	0.43

MA7:	44.77
MA20:	44.93
MA50:	43.90
MA100:	43.70
MAexp7:	45.05
MAexp20:	44.70
MAexp50:	44.12
MAexp100:	44.35
Price / MA7:	+2.84%
Price / MA20:	+2.47%
Price / MA50:	+4.87%
Price / MA100:	+5.35%
Price / MAexp7:	+2.20%
Price / MAexp20:	+3.00%
Price / MAexp50:	+4.35%
Price / MAexp100:	+3.81%

News

Don"t forget to follow the news on EAST WEST BANCORP INC.. At the time of publication of this analysis, the latest news was as follows:

Investor Network: East West Bancorp, Inc. to Host Earnings Call

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

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