WESTAMERICA BANCORP.

- USD (-)

- 15 min delayed data - NASDAQ Stocks

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Type:	Stocks
Ticker:	WABC
ISIN:

WESTAMERICA BANCORP. - Daily - Technical analysis published on 08/07/2019 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Court terme: Strongly bearish

De fond: Bearish

Technical indicators

11%

72%

17%

My opinion

Bearish under 60.75 USD

My targets

59.42 USD (-0.20%)

57.16 USD (-4.00%)

My analysis

WESTAMERICA BANCORP. is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 60.75 USD. The next support located at 59.42 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 57.16 USD. Below this support, sellers could then target 54.50 USD.

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

WESTAMERICA BANCORP. rating 59.54 USD. The price is lower by -2.07% since the last closing and was between 59.15 USD and 60.08 USD. This implies that the price is at +0.66% from its lowest and at -0.90% from its highest.

59.15

60.08

59.54

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

Opening Gap DOWN

Type : Bearish

Timeframe : Openning

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

Technical

Technical analysis of WESTAMERICA BANCORP. in Daily shows an overall bearish trend. The signals given by moving averages are 78.57% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, 13 technical indicators on 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is under support 2

Type : Neutral

Timeframe : Daily

Ichimoku : price is under the cloud

Type : Bearish

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Horizontal support is broken

Type : Bearish

Timeframe : Daily

Support of channel is broken

Type : Bearish

Timeframe : Daily

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	54.50	57.16	59.42	59.54	60.75	62.19	63.11
Change (%)	-8.46%	-4.00%	-0.20%	-	+2.03%	+4.45%	+6.00%
Change	-5.04	-2.38	-0.12	-	+1.21	+2.65	+3.57
Level	Minor	Intermediate	Major	-	Intermediate	Minor	Major

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	58.93	59.53	60.16	60.76	61.39	61.99	62.62
Camarilla	60.46	60.57	60.69	60.80	60.91	61.03	61.14
Woodie	58.96	59.54	60.19	60.77	61.42	62.00	62.65
Fibonacci	59.53	60.00	60.29	60.76	61.23	61.52	61.99

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	56.99	59.17	60.58	62.76	64.17	66.35	67.76
Camarilla	60.99	61.32	61.65	61.98	62.31	62.64	62.97
Woodie	56.60	58.98	60.19	62.57	63.78	66.16	67.37
Fibonacci	59.17	60.55	61.39	62.76	64.14	64.98	66.35

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	55.73	57.75	60.92	62.94	66.11	68.13	71.30
Camarilla	62.67	63.15	63.62	64.10	64.58	65.05	65.53
Woodie	56.32	58.04	61.51	63.23	66.70	68.42	71.89
Fibonacci	57.75	59.73	60.95	62.94	64.92	66.14	68.13

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	36.32
MACD (12,26,9):	-0.0600
Directional Movement:	-13.39
AROON (14):	-35.71
DEMA (21):	61.91
Parabolic SAR (0,02-0,02-0,2):	64.50
Elder Ray (13):	-2.19
Super Trend (3,10):	63.58
Zig ZAG (10):	59.53
VORTEX (21):	0.8600
Stochastique (14,3,5):	14.35
TEMA (21):	61.75
Williams %R (14):	-94.31
Chande Momentum Oscillator (20):	-2.24
Repulse (5,40,3):	-1.5400
ROCnROLL:	2
TRIX (15,9):	0.0800
Courbe Coppock:	2.58

MA7:	62.01
MA20:	61.89
MA50:	61.36
MA100:	62.03
MAexp7:	61.39
MAexp20:	61.86
MAexp50:	61.77
MAexp100:	61.77
Price / MA7:	-3.98%
Price / MA20:	-3.80%
Price / MA50:	-2.97%
Price / MA100:	-4.01%
Price / MAexp7:	-3.01%
Price / MAexp20:	-3.75%
Price / MAexp50:	-3.61%
Price / MAexp100:	-3.61%

News

The last news published on WESTAMERICA 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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