Technical Indicator Focus on Shares of East West Bancorp (EWBC)

Investors may be tracking technical signals on shares of East West Bancorp (EWBC). After a recent check, we have spotted the short-term moving average Hilo channel at Sell. This indicator calculates the moving average based on highs/lows rather than the closing price. The signal direction is currently Weakest. This signal indicates whether the Buy or Sell signal is getting stronger or weakening, or whether the Hold is heading towards a Buy or Sell. Looking at the reading from another indicator, the 20-day moving average vs price signal is showing Sell. This is the signal from the 20-day MA which is used to monitor changes in stock price. The current signal direction has been noted as Strongest.

Investors will most likely make plenty of mistakes when dealing with the equity market. Learning from these mistakes is what will propel the individual forward. Those who don’t learn from their mistakes are destined to repeat, and failure might be right around the corner. Every investor strives to spot that uncovered stock before it explodes. However, chasing returns from big winners that have already made their moves may end up leaving the investor befuddled. Even though a stock has been hot, there is no guarantee that it will stay hot. Many investors may get stock tips from friends or colleagues. Of course the tips may be legitimate, but they could just be irrelevant. When it comes to stock picking strategies, investors might be best served to make sure that they have done the actual research themselves. Making trades based on tips or rumors may place the investor in a tough spot for future market success. 

Focusing in on some other information, we can see that the stock has a current weighted alpha of -24.30. The weighted alpha measures how much the stock has increased or decreased over one year period. The weighting puts greater emphasis on more recent activity providing a more relevant measure for short-term technical analysts to use. A positive weighted alpha reading indicates that the stock has risen over the past year. A negative reading would indicate that the stock is down over that same time period. Technical traders often use the weighted alpha to help discover stocks that are building momentum. Turning to analyst views, the current analyst rating on the stock is 4.5454545454545. This is using a scale where a 5 would represent a Strong Buy, a 4 would equal a Moderate Buy, 3 a hold, 2 a moderate sell, and a rating of 1 would indicate a Strong Sell.

Investors may be watching stock price support and resistance levels on shares of East West Bancorp (EWBC). The support is simply a level where a stock may see a bounce after it has dropped. If the stock price can break through the first level of support, the attention may shift to the second level of support. The resistance is the opposite of support. As a stock rises, it may see a retreat once it reaches a certain level of resistance. After a recent look, the stock’s first resistance level is 50.82. On the end, investors are keeping an eye on the first support level of 48.87. Investors will be watching the company shares closely as we head through earnings season. Interested parties will be watching to see if the company can beat analyst estimates for the quarter, and see what kind of impact the earnings results have on the stock moving forward.

Investors may also want to take a longer-term look at East West Bancorp (EWBC) shares. According to the most recent information, the stock has a 52-week high of 73.98 and a 52-week low of 40.05. Tracking longer-term price action may help provide investors with a bigger range of reference when doing stock analysis. We can also check on the current opinion signal. For today’s trading session, the signal is 64% Sell. This is the combined signal for the previous month when applying a wide array of studies based on price movement. Investors may also be interested in the strength and direction of the opinion signals. The opinion direction is currently Strongest. This is a measurement over the past three trading sessions that provides an indication of whether the latest recent price movement is following the signal. A Buy or Sell signal with a “Strongest” direction indicates that the signal is gaining strength. The opinion strength signal is currently reading Weak.

Following all the swirling information about publically traded companies can be quite a task. Every day there may be new pieces of news that emerge about a specific company. The prudent investor is typically able to keep abreast of the information, but most importantly figure out what news is worth paying attention to, and what news should be filtered out. Keeping a sharp eye on earnings reports and fundamental company data can play a big part in picking the right stocks for the portfolio. Once the numbers have been crunched, investors should be able to see things a little bit clearer and know what the general feel for the stock is. Of course there will be stocks that look good after thorough examination but still fail to perform as expected.