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Westamerica Bancorporation Stock Forecast NASDAQ:WABC

$57.24 (0.69%)

Volume: 58k

Closed: Dec 08, 2021

Hollow Logo Score: -0.237

Westamerica Bancorporation Stock Forecast

$57.24 (0.69%)

Volume: 58k

Closed: Dec 08, 2021

Score Hollow Logo -0.237
Which way will WABC go? Request
Stop-loss: $55.12 (-3.70%)
Key Stats
P/E Ratio 17.35
Beta 0.81
Trailing Dividend Rate 2.85% ($1.63)
* 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 50 and the stock is currently not being overbought or oversold

Stronger technical forecast for Westamerica Bancorporation stock price after Wednesday trading.
(Updated on Dec 08, 2021)


Hold candidate since 2021-12-08

The Westamerica Bancorporation stock price gained 0.69% on the last trading day (Wednesday, 8th Dec 2021), rising from $56.85 to $57.24. During the day the stock fluctuated 2.43% from a day low at $56.18 to a day high of $57.54. The price has fallen in 6 of the last 10 days and is down by -1.31% for this period. Volume fell on the last day by -48 thousand shares and in total, 58 thousand shares were bought and sold for approximately $3.32 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 2.84% during the next 3 months and, with a 90% probability hold a price between $55.46 and $59.91 at the end of this 3-month period.

Signals & Forecast

The Westamerica Bancorporation stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $55.60 and $56.31. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, November 30, 2021, and so far it has risen 6.43%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss

Westamerica Bancorporation finds support from accumulated volume at $57.09 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $1.37 (2.43%) between high and low. For the last week, the stock has had a daily average volatility of 3.01%.

Our recommended stop-loss: $55.12 (-3.70%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 6 days ago.)

Is Westamerica Bancorporation stock A Buy?

Westamerica Bancorporation holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.237

Predicted Opening Price for Westamerica Bancorporation of Thursday, December 9, 2021

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

Fair opening price December 9, 2021 Current price
$56.99 $57.24 (Overvalued)
Hold/Accumulate Upgraded

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Analyst Ratings

On Oct 22, 2021 "Maxim Group" gave "$76.00" rating for WABC. The price target was set to $57.24+0.0%.

Volatility and Risk
Daily Average Volatility: 3.01 %
Overall Risk: Very High High Medium Low Very Low
Volatility
3.01 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $57.80
Price: $57.24
Support: $57.09

WABC Insider Trading Show all Trades

INSIDER POWER

1.379

Last 100 transactions
Buy: 372 102 | Sell: 269 914 (Shares)
Date Action Amount Person Type
Apr 19, 2021 Sell 2 200 Mac Millan Catherine C Common Stock
Apr 13, 2021 Sell 50 Bartolini Louis E Common Stock
Apr 12, 2021 Sell 50 Bartolini Louis E Common Stock
Mar 01, 2021 Sell 740 Ensinger George S Common Stock
Mar 01, 2021 Sell 570 Ensinger George S Common Stock
Show all Insider Trades
INSIDER POWER

1.379

Last 100 transactions
Buy: 372 102 | Sell: 269 914 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 58.35 1.94 %
57.83 1.03 %
57.51 0.47 %
Current price: 57.24
Support 56.46 -1.36 %
56.14 -1.92 %
55.62 -2.83 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 58.00 1.33 %
57.93 1.21 %
57.80 0.98 %
Current price 57.24
Support 57.09 -0.26%
55.15 -3.65%
54.07 -5.54%

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About Westamerica Bancorporation

Westamerica Bancorporation operates as the bank holding company for Westamerica Bank that provides various banking products and services to individual and corporate customers. It accepts various deposit products, such as retail savings and checking accounts; interest and non-interest bearing demand deposits; money market checking deposits; and certificates of deposit. The company’s loan portfolio includes commercial loans, commercial and residen... Read more

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