CATY NEWS why is Cathay General Bancorp price falling or rising

CATY NEWS reasons for why stock price of Cathay General Bancorp is falling or rising

CATY Cathay General is falling or rising technical reasons

Technical analysis forecast for Cathay General Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Cathay General CATY at this time. Stock is falling and might fall more.

It appears as if Cathay General CATY gave a large move recently.

Stock of Cathay General (CATY) is trading below an important moving average line, but it crossed this line recently, which means that it could show a small or a large recovery soon enough depending on its trend.

My analysis of Cathay General is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 35 as stoploss in an intra day buy trade for a target of 35.86. However, stock will show a bearish move below 35.

CATY Cathay General is falling or rising NEWS fundamental reasons

More announcements and NEWS

CATY Cathay General Bancorp current price & indicator signals

Moving Averages for Cathay General Bancorp

  • 5Day Average: 35.41
  • 12Day Average: 35.19
  • 20Day Average: 35.72
  • 50Day Average: 37.61
  • 100Day Average: 40.01
  • 150Day Average: 38.52
  • 200Day Average: 37.95

CATY Indicators & signals

Indicator MACD (12,26,9)

35.45, 36.18, -0.82
Indicator MACD is in negative zone

Indicator ADX (14)

14.81, 21.9, 29.52
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 42
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of CATY Cathay General Bancorp are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
26 Fri Apr 2024 35.04 34.73 to 35.28 0.23% 0.44 times
25 Thu Apr 2024 34.96 34.62 to 35.26 -1.6% 1.79 times
24 Wed Apr 2024 35.53 34.57 to 35.65 1.83% 0.74 times
23 Tue Apr 2024 34.89 33.88 to 35.37 -4.72% 1.88 times
22 Mon Apr 2024 36.62 35.91 to 36.81 1.72% 0.76 times
19 Fri Apr 2024 36.00 34.54 to 36.07 3.87% 0.72 times
18 Thu Apr 2024 34.66 34.42 to 35.03 0% 0.77 times
17 Wed Apr 2024 34.66 34.61 to 35.19 0.35% 0.82 times
16 Tue Apr 2024 34.54 34.23 to 34.85 -1.51% 0.75 times
15 Mon Apr 2024 35.07 34.62 to 35.74 -0.48% 1.2 times
12 Fri Apr 2024 35.24 34.59 to 35.25 0.54% 0.57 times
11 Thu Apr 2024 35.05 34.61 to 35.17 0.31% 0.6 times

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CATY NEWS why is Cathay General Bancorp price falling or rising

 

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