Technical Analysis for CATY - Cathay General Bancorp
|Grade||Last Price||% Change||Price Change|
CATY closed down 0.4 percent on Monday, August 21, 2017, on 82 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a bounce should not be unexpected.
Trend Table & Recent Alerts
|Weak or Absent||Down||Down||Down|
|See historical CATY trend table...|
|Date||Alert Name||Type||% Chg|
|Aug 21||NR7||Range Contraction||0.00%|
|Aug 18||Lower Bollinger Band Walk||Other||-0.40%|
|Aug 17||Stochastic Reached Oversold||Other||-0.14%|
|Aug 17||Cup with Handle||Other||-0.14%|
|Aug 16||NR7||Range Contraction||-2.76%|
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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 company's 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, traveler's 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: 0 bullish, 3 bearish and 2 neutral indicators. You may wish to incorporate that into your trading strategies.|
See more CATY news...
|52 Week High||40.5969|
|52 Week Low||28.6754|
|200-Day Moving Average||37.1287|
|50-Day Moving Average||37.4562|
|20-Day Moving Average||36.759|
|10-Day Moving Average||35.775|
|Average True Range||0.7708|
|Chandelier Exit (Long, 3 ATRs)||36.9276|
|Chandelier Exit (Short, 3 ATRs)||36.8124|
|Upper Bollinger Band||39.0715|
|Lower Bollinger Band||34.4465|
|Percent B (%b)||0.1|
|MACD Signal Line||-0.4692|