CATHAY GENERAL BANCORP

- USD (-)

- 15 min delayed data - NASDAQ Stocks

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Change:	-
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Type:	Stocks
Ticker:	CATY
ISIN:

CATHAY GENERAL BANCORP - Daily - Technical analysis published on 01/21/2020 (GMT)

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Londinia

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Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Court terme: Bullish

De fond: Strongly bullish

Technical indicators

39%

33%

28%

My opinion

Bullish above 35.74 USD

My targets

38.73 USD (+2.19%)

39.92 USD (+5.33%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on CATHAY GENERAL BANCORP as long as the price remains well above 35.74 USD. The buyers” bullish objective is set at 38.73 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 39.92 USD. If there is any crossing, the next objective would be the resistance located at 42.22 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.

In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.

FORCE

5.5

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

CATHAY GENERAL BANCORP rating 37.90 USD. The price registered an increase of -0.08% on the session with the lowest point at 37.86 USD and the highest point at 38.36 USD. The deviation from the price is +0.11% for the low point and -1.20% for the high point.

37.86

38.36

37.90

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

Opening Gap UP

Type : Bullish

Timeframe : Openning

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

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

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of CATHAY GENERAL BANCORP indicates that the overall trend is strongly bullish. The signals given by moving averages are 89.29% bullish. This strongly bullish trend seems to be running out of steam given the signals being 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 Moving Average 50

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : Daily

In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 7 are bullish, 5 are neutral and 6 are bearish. Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

RSI indicator is back over 50

Type : Bullish

Timeframe : Daily

MACD indicator is back over 0

Type : Bullish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

Williams %R indicator is back over -50

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

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	34.41	35.74	37.48	37.90	38.73	39.92	42.22
Change (%)	-9.21%	-5.70%	-1.11%	-	+2.19%	+5.33%	+11.40%
Change	-3.49	-2.16	-0.42	-	+0.83	+2.02	+4.32
Level	Major	Minor	Major	-	Intermediate	Major	Minor

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	36.66	36.95	37.44	37.73	38.22	38.51	39.00
Camarilla	37.72	37.79	37.86	37.93	38.00	38.07	38.15
Woodie	36.76	37.00	37.54	37.78	38.32	38.56	39.10
Fibonacci	36.95	37.25	37.43	37.73	38.03	38.21	38.51

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	36.32	36.73	37.02	37.43	37.72	38.13	38.42
Camarilla	37.11	37.18	37.24	37.31	37.37	37.43	37.50
Woodie	36.26	36.70	36.96	37.40	37.66	38.10	38.36
Fibonacci	36.73	37.00	37.16	37.43	37.70	37.86	38.13

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	33.07	34.41	36.23	37.57	39.39	40.73	42.55
Camarilla	37.18	37.47	37.76	38.05	38.34	38.63	38.92
Woodie	33.31	34.53	36.47	37.69	39.63	40.85	42.79
Fibonacci	34.41	35.62	36.36	37.57	38.78	39.52	40.73

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):	54.10
MACD (12,26,9):	0.0300
Directional Movement:	3.76
AROON (14):	-78.57
DEMA (21):	37.80
Parabolic SAR (0,02-0,02-0,2):	37.08
Elder Ray (13):	0.40
Super Trend (3,10):	37.03
Zig ZAG (10):	37.90
VORTEX (21):	0.9400
Stochastique (14,3,5):	48.55
TEMA (21):	37.58
Williams %R (14):	-37.74
Chande Momentum Oscillator (20):	-0.15
Repulse (5,40,3):	-0.4200
ROCnROLL:	1
TRIX (15,9):	0.0300
Courbe Coppock:	3.48

MA7:	37.60
MA20:	37.89
MA50:	37.49
MA100:	36.15
MAexp7:	37.69
MAexp20:	37.71
MAexp50:	37.33
MAexp100:	36.68
Price / MA7:	+0.80%
Price / MA20:	+0.03%
Price / MA50:	+1.09%
Price / MA100:	+4.84%
Price / MAexp7:	+0.56%
Price / MAexp20:	+0.50%
Price / MAexp50:	+1.53%
Price / MAexp100:	+3.33%

News

The latest news and videos published on CATHAY GENERAL BANCORP at the time of the analysis were as follows:

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

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