Technical Analysis for CATY - Cathay General Bancorp
|Grade||Last Price||% Change||$ Change|
CATY closed up 0.97 percent on Friday, February 17, 2017, on 1.5 times normal volume. The bulls were able to push the stock to a new 52-week high. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a pullback should not be unexpected.
Trend Table & Recent Alerts
|Weak or Absent||Up||Up||Up|
|See historical CATY trend table...|
|Date||Alert Name||Type||% Chg|
|Feb 17||New 52 Week High||Bullish||0.00%|
|Feb 17||Reversal New Highs Setup||Bullish Swing Setup||0.00%|
|Feb 17||Non-ADX 1,2,3,4 Bullish||Bullish Swing Setup||0.00%|
|Feb 16||NR7||Range Contraction||0.97%|
|Feb 15||New 52 Week High||Bullish||0.95%|
|Feb 14||New 52 Week High||Bullish||1.13%|
|Feb 10||Stochastic Reached Overbought||Other||3.03%|
|Feb 9||Crossed Above 50 DMA||Bullish||4.09%|
|Feb 8||Fell Below 50 DMA||Bearish||6.37%|
|Feb 8||Doji - Bearish?||Reversal||6.37%|
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Cathay General Bancorp operates as the holding company for Cathay Bank, which offers various commercial banking products and services for individuals, professionals, and small to medium-sized businesses in the United States. Its deposit products comprise passbook accounts, checking accounts, money market deposit accounts, certificates of deposit, individual retirement accounts, college certificates of deposit, and public funds deposits. The companys loan portfolio consists of commercial mortgage loans, commercial loans, small business administration loans, residential mortgage loans, real estate construction loans, equity lines of credit, and installment loans to individuals for automobile, household, and other consumer expenditures. In addition, the company provides trade financing, letters of credit, wire transfers, forward currency spot and forward contracts, travelers checks, safe deposit, night deposit, social security payment deposit, collection, bank-by-mail, drive-up and walk-up windows, automatic teller machines, Internet banking, and other customary bank services. As of April 16, 2013, it had 31 branches in California; 8 branches in New York State; 1 branch in Massachusetts; 2 branches in Texas; 3 branches in Washington State; 3 branches in Illinois; 1 branch in New Jersey; 1 branch in Hong Kong; and a representative office in Shanghai and in Taipei. The company was founded in 1990 and is based in Los Angeles, California.
Is CATY a Buy, Sell or Hold?
|Indicator||Bull Case||Neutral / Hold||Bear Case|
|Oversold / Overbought|
|Summary:||Counts: 3 bullish, 0 bearish and 2 neutral indicators. You may wish to incorporate that into your trading strategies.|
See more CATY news...
|52 Week High||39.43|
|52 Week Low||25.34|
|200-Day Moving Average||32.35|
|50-Day Moving Average||37.62|
|20-Day Moving Average||37.55|
|10-Day Moving Average||38.31|
|Average True Range||0.85|
|Chandelier Exit (Long, 3 ATRs)||36.88|
|Chandelier Exit (Short, 3 ATRs)||38.43|
|Upper Bollinger Band||39.62|
|Lower Bollinger Band||35.48|
|Percent B (%b)||0.95|