Cathay General Bancorp $CATY Technical Update

The Cathay General Bancorp (NASDAQ: CATY) update and the technical summary table below can help you manage risk and optimize returns. We have day, swing, and longer-term trading plans for CATY, and 1300 other stocks too, updated in real time for our trial subscribers. The data below is a snapshot, but updates are available now.

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Technical Summary

Term →Near Mid Long
Bias Strong Weak Neutral
P1 38.00 35.42 37.42
P2 38.70 38.52 40.92
P3 39.29 41.47 44.17

Long Term Trading Plans for CATY

November 8, 2018, 2:00 pm ET

The Technical Summary and Trading Plans for CATY help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this CATY Report.

CATY - (Long) Support Plan

Buy over 37.42 target 40.92 stop loss @ 37.16.
The technical summary data tells us to buy CATY near 37.42 with an upside target of 40.92. This data also tells us to set a stop loss @ 37.16 to protect against excessive loss in case the stock begins to move against the trade. 37.42 is the first level of support below 39.15 , and by rule, any test of support is a buy signal. In this case, support 37.42 would be being tested, so a buy signal would exist.

CATY - (Short) Resistance Plan

Short under 40.92 target 37.42 stop loss @ 41.18.
The technical summary data is suggesting a short of CATY as it gets near 40.92 with a downside target of 37.42. We should have a stop loss in place at 41.18 though. 40.92 is the first level of resistance above 39.15, and by rule, any test of resistance is a short signal. In this case, if resistance 40.92 is being tested, so a short signal would exist.

CATY Long Term Analysis

CATY EPS Analysis

CATY Dividend Chart

CATY Revenue chart

CATY Growth rate - Quarterly

CATY Growth rate - Yearly

CATY PE chart

CATY PEG chart