How the (CATY) price action is used to our Advantage

March 17, 2025, 23:40 pm ET, BY Rick W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for CATY

• NONE. Details

There is no current Support Plan to trigger a buy of this stock at this time. This usually means that there are no clear support levels at this time, so buying the stock as it falls could be considered catching a falling knife. Buy signals only exist if resistance breaks higher.
This often is a signal that the stock you are watching is weak. Waiting for a turn higher may be more intelligent than trying to catch a falling knife. In any case, new support levels are usually revised to the database at the beginning of the next trading session.

• Short CATY slightly under 45.61, target n/a, stop loss @ 45.74 Details

The technical summary data is suggesting a short of CATY as it gets near 45.61, but the downside target is not available from the current data. This tells us to hold that position if it is triggered until a new downside target has been established (updates occur at the beginning of every trading session) or until the position has been stopped. The summary data tells us to have a stop loss in place at 45.74. 45.61 is the first level of resistance above 43.98, and by rule, any test of resistance is a short signal. In this case, if resistance 45.61 is being tested, so a short signal would exist.

Swing Trading Plans for CATY

• Buy CATY slightly over 45.61, target 49.76, Stop Loss @ 45.48 Details

If 45.61 begins to break higher, the technical summary data tells us to buy CATY just slightly over 45.61, with an upside target of 49.76. The data also tells us to set a stop loss @ 45.48 in case the stock turns against the trade. 45.61 is the first level of resistance above 43.98, and by rule, any break above resistance is a buy signal. In this case, 45.61, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short CATY slightly near 45.61, target 43.21, Stop Loss @ 45.74. Details

The technical summary data is suggesting a short of CATY if it tests 45.61 with a downside target of 43.21. We should have a stop loss in place at 45.74 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 45.61, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for CATY

• Buy CATY slightly over 44.23, target 45.61, Stop Loss @ 44.13 Details

If 44.23 begins to break higher, the technical summary data tells us to buy CATY just slightly over 44.23, with an upside target of 45.61. The data also tells us to set a stop loss @ 44.13 in case the stock turns against the trade. 44.23 is the first level of resistance above 43.98, and by rule, any break above resistance is a buy signal. In this case, 44.23, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short CATY slightly near 44.23, target 43.23, Stop Loss @ 44.33. Details

The technical summary data is suggesting a short of CATY if it tests 44.23 with a downside target of 43.23. We should have a stop loss in place at 44.33 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 44.23, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for  Cathay General Bancorp (CATY) available here: CATY.

CATY Ratings for March 17:

Term →	Near	Mid	Long
Rating	Neutral	Weak	Strong
P1	0	0	45.61
P2	43.23	41.16	49.76
P3	44.23	43.21	54.32

AI Generated Signals for CATY

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Our job as #investors is to pay attention to the #stocks we own.  Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The  Cathay General Bancorp (NASDAQ: CATY) data table below can help you with price action, and we have more details too. Trading plans for CATY are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.