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East West Bancorp Stock Forecast NASDAQ:EWBC

$77.92 (-6.05%)

Volume: 524k

Closed: Nov 26, 2021

Hollow Logo Score: -1.100

East West Bancorp Stock Forecast

$77.92 (-6.05%)

Volume: 524k

Closed: Nov 26, 2021

Score Hollow Logo -1.100
Which way will EWBC go? Request
Key Stats
P/E Ratio 13.50
Beta 1.35
Trailing Dividend Rate 1.68% ($1.31)
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 31 and the stock is currently not being overbought or oversold

East West Bancorp stock price took a fall of -6.05% on Friday
(Updated on Nov 26, 2021)


Sell candidate since 2021-11-26

The East West Bancorp stock price fell by -6.05% on the last day (Friday, 26th Nov 2021) from $82.94 to $77.92. and has now fallen 3 days in a row. During the day the stock fluctuated 3.65% from a day low at $77.06 to a day high of $79.87. The price has fallen in 7 of the last 10 days and is down by -6.81% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -156 thousand shares and in total, 524 thousand shares were bought and sold for approximately $40.86 million.

Given the current short-term trend, the stock is expected to rise 17.36% during the next 3 months and, with a 90% probability hold a price between $91.45 and $107.22 at the end of this 3-month period.

Signals & Forecast

There are few to no technical positive signals at the moment. The East West Bancorp stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $82.03 and $82.54. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, October 20, 2021, and so far it has fallen -9.16%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. The stock had a Golden Star Signal on Monday, September 13, 2021 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Buy
Special Signal Notification

Golden Star

The stock had a Golden Star Signal on Monday, September 13, 2021 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss

East West Bancorp finds support from accumulated volume at $75.20 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $2.81 between high and low, or 3.65%. For the last week the stock has had a daily average volatility of 2.36%.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is East West Bancorp stock A Buy?

The East West Bancorp stock holds several negative signals and despite the positive trend, we believe East West Bancorp will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.

Current score: -1.100

Predicted Opening Price for East West Bancorp of Monday, November 29, 2021

The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price November 29, 2021 Current price
$78.28 $77.92 (Undervalued)
Sell Candidate Downgraded

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Analyst Ratings

On Oct 27, 2021 "Morgan Stanley" gave "$99.00 - $100.00" rating for EWBC. The price target was changed from $81.22 to 2.1%.

Volatility and Risk
Daily Average Volatility: 2.36 %
Overall Risk: Very High High Medium Low Very Low
Volatility
2.36 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $79.18
Price: $77.92
Support: $75.20

EWBC Insider Trading Show all Trades

INSIDER POWER

0.921

Last 100 transactions
Buy: 648 135 | Sell: 704 010 (Shares)
Date Action Amount Person Type
Sep 20, 2021 Sell 150 Campbell Molly Common Stock
Sep 15, 2021 Buy 70 Estrada Rudolph Common Stock1
Sep 15, 2021 Buy 70 Estrada Rudolph Common Stock1
Sep 15, 2021 Buy 70 Estrada Rudolph Common Stock1
Sep 15, 2021 Sell 70 Estrada Rudolph Common Stock
Show all Insider Trades
INSIDER POWER

0.921

Last 100 transactions
Buy: 648 135 | Sell: 704 010 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 81.09 4.07 %
80.02 2.69 %
79.36 1.84 %
Current price: 77.92
Support 77.21 -0.91 %
76.55 -1.76 %
75.47 -3.14 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 82.94 6.44 %
82.80 6.26 %
79.18 1.62 %
Current price 77.92
Support 75.20 -3.49%
72.22 -7.32%
68.63 -11.92%

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About East West Bancorp

East West Ban East West Bancorp, Inc. operates as the bank holding company for East West Bank that provides a range of personal and commercial banking services to small and medium-sized businesses, business executives, professionals, and other individuals. The company operates through three segments: Retail Banking, Commercial Banking, and Other. It offers various deposit products comprising personal and business checking and savings accounts, time deposits an... Read more

Golden Star Signal

This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.

This signal is rare and, in most cases, gives substantial returns. From 10 000+ stocks usually only a few will trigger a Golden Star Signal per day!

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