Technical analysis from Cdn Western Bank (CWB.TO.TO, TSE:CWB.TO) on the Toronto Stock Exchange (TSX). Download the latest price data & trading signals

Cdn Western Bank
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Ulcer index has fallen as the price rises for Cdn Western Bank
Ulcer Index /
Ulcer index has fallen as the price rises for Cdn Western Bank

[BEARISH]: Cdn Western Bank UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 1.02.

Detrended Price for CWB has signalled bullish price movements are likely
Detrended Price Oscillator /
Detrended Price for CWB has signalled bullish price movements are likely

[BULLISH]: Cdn Western Bank currently has a confirmed uptrend. Price is currently above the displaced moving average for CWB. Currently, the return on DPO20 is -0.5%.

Elders Force Index /
Elders Force Index (17290) has signalled bullish conditions in recent trading for CWB

[BULLISH]: Cdn Western Bank current price has highlighted recent buying pressure. Currently, the Elders Force Index is 17290.

Range Tod Vs Range Yest /
Contracting price range for CWB signalling sellers continue to be less eager

CWB: Range today versus range yesterday Current Signal ->(1) 25 May: BULLISH (2) 24 May: BEARISH (3) 23 May: BEARISH

On Balance Volume /
Traders are currently accumulating Cdn Western Bank

[BULLISH]: Cdn Western Bank current price has highlighted recent accumulation. Currently, the OBV is 2.2036e+006.

Short Trend /
Daily bar has again closed the day with an Downtrend for CWB

CWB: Daily Trend Current Signal -> (1) 25 May: BEARISH (2) 24 May: BEARISH (3) 23 May: BEARISH

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Price Range /
Range for CWB has not surpassed the range of the previous trading session

[BEARISH]: Cdn Western Bank current downtrend in the first timeframe. Currently, the Range is $0.27.

Rate of Change /
Positive ROC for Cdn Western Bank is a leading indicator for continued price rise

[BULLISH]: Cdn Western Bank currently has positive rate of change of 0.584%. This means the current price is greater than the price 14 days ago and therefore gaining momentum & is a leading indicator of price movement in the upward direction

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Recent trading for CWB has failed to beat the previous volume by -25.8 [Downtrend]
Volume /
Recent trading for CWB has failed to beat the previous volume by -25.8 [Downtrend]

[BEARISH]: Cdn Western Bank current volume downtrend in the first timeframe. Volume for CWB is 131616 (-25.8).

CWB: Medium term trend is still an Uptrend
Medium Trend /
CWB: Medium term trend is still an Uptrend

[BULLISH]: Cdn Western Bank is in an uptrend in the medium term timeframe. The current rally number is 23 & the highest rally count for the LTM is 116. The highest rally for the month is 18

Ease of Movement /
Cdn Western Bank was easily moved downward on low volume in recent trading

CWB: EOM Recent Trading -> (1) 25 May: -53.337 (2) 24 May: -60.284 (3) 23 May: -60.346

Close Tod Vs Range Tod /
Trading for Cdn Western Bank highlights the commitment of buyers to carry positions overnight.

[BULLISH]: Cdn Western Bank buyers are in control at the market close. This is the first day of buyer commitment for Cdn Western Bank adding strength to an uptrend in the first timeframe & highlights the commitment of buyers to carry positions overnight. Over the last 12 months there has been 83 trading days with the closing price in the upper part of the range giving a confirmation ratio of 31.6%. Over the last month there has been 5 trading days with the closing price in the upper range giving a confirmation ratio of 27.8%. Currently this quarter, closing price has spent 11 days in the upper price range compared to 8 days in the lower range giving a ratio of 1.4x.

Accumulation / Distribution /
Market conditions are indicating accumulation is current for CWB

CWB: ADLINE Current Signal -> (1) 25 May: BULLISH (2) 24 May: BULLISH (3) 23 May: BULLISH

Accumulation DVI signal for Cdn Western Bank is confirmed
Daily Volume Index /
Accumulation DVI signal for Cdn Western Bank is confirmed

[BULLISH]: Cdn Western Bank current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the DVI is 66.

Limit order for a short position has been identified for Cdn Western Bank @$16.49
Fibonacci Extensions /
Limit order for a short position has been identified for Cdn Western Bank @$16.49

Cdn Western Bank has moved above the 161.8% level ($16.49) [Bearish]. Look for a short limit order entry near this point. Exit price for CWB should be set @$19.25 & short position stoploss for Cdn Western Bank should be set at $13.73

Exponential Moving Average /
Price continues to trade below the Exponential Moving Average(5) for CWB

[BEARISH]: Cdn Western Bank currently has a confirmed downtrend. Recent trading has caused the EMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on EMA5 is -0.5%.

Pivot Points /
Cdn Western Bank: Pivot Point ($34.413)

Cdn Western Bank has broken the first support point ($34.306) [Bearish]. Look for a short limit order entry near this point. Exit price for CWB should be set @$34.143 & short position stoploss for Cdn Western Bank should be set between $34.683 & $34.846

Three Black Crows /
Cdn Western Bank: Three Black Crows

[BEARISH]: Cdn Western Bank has formed a new Three Black Crows reversal pattern.

Limit order for a short position has been identified for Cdn Western Bank [Bearish]
Demarks Pivot Points /
Limit order for a short position has been identified for Cdn Western Bank [Bearish]

Cdn Western Bank has broken the first DeMark support point ($34.3725) [Bearish]. Look for a short limit order entry near this point. Exit price for CWB should be set @$34.2250 & short position stoploss for Cdn Western Bank should be set at $34.495

[Bearish]: WMA(5) is serving as a resistance line for Cdn Western Bank
Weighted Moving Average /
[Bearish]: WMA(5) is serving as a resistance line for Cdn Western Bank

[BEARISH]: Cdn Western Bank currently has a confirmed downtrend. Recent trading has caused the WMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on WMA5 is -0.5%.

Simple Moving Average(5) signal continues for Cdn Western Bank indicating downward price movement is likely
Simple Moving Average /
Simple Moving Average(5) signal continues for Cdn Western Bank indicating downward price movement is likely

[BEARISH]: Cdn Western Bank currently has a confirmed downtrend. Recent trading has caused the SMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SMA5 is -0.5%.

High Price /
[Bearish]: Cdn Western Bank has failed beat previous high by -0.8 %

CWB: HIGH Current Signal -> (1) 25 May: BEARISH (2) 24 May: BEARISH (3) 23 May: BEARISH

Aroon Oscillator /
Cdn Western Bank: ARO(80) has signalled a strong uptrend is current

[BULLISH]: Cdn Western Bank has a current ARU(25) of 88 and a current ARD(25) of 8

Percentage Price /
Cdn Western Bank: Price Percentage Oscillator

[BULLISH]: Cdn Western Bank currently has positive PPO 0.621%. This means the current price is gaining momentum through a rise on the short term exponential moving average.

Stochastic Oscillator /
Cdn Western Bank is now oversold with the Stochastic Oscillator @26.1

[BULLISH]: Cdn Western Bank is currently Oversold highlighting the potential for a short term trend reversal in the upward direction.

MACD oscillator remains positive for CWB
MACD /
MACD oscillator remains positive for CWB

CWB: MACD Recent Trading -> (1) 25 May: 0.0073 (2) 24 May: 0.0456 (3) 23 May: 0.0776

Cdn Western Bank currently has negative volume rate of change for -41
Volume Rate of Change /
Cdn Western Bank currently has negative volume rate of change for -41

[BEARISH]: Cdn Western Bank currently has negative rate of change of -41%. This means the current volume is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is -0.5%.

Elder Ray Index /
Bear power has increased for Cdn Western Bank signalling bearish conditions are likely

[BEARISH]: Cdn Western Bank Elder Ray Index is signalling a Bearish movementERI is -0.352 indicating bear power. Prices are being driven below the consensus of value for CWB during the last trading session [Selling Pressure]

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