WBS NYSE |
Webster Financial Corp • Banks Regional |
Fri 20 Dec, 2:09 pm ET | |
Breakout tradeWATCH for possible breakout above 55.37
Target: 58.64, 6.3% Stop: 53.97 Loss: 2.2%
P/L ratio: 2.8 : 1 - Good
Breakout Long Short Narrow price area with possible breakout and long trade entry Default chart
Quote 55.18 +1.05,+1.9% L 53.55 O 53.63 H 55.85 Volume 713.1k -7.2% typical 52 Wk 39.6 to 62.8 Earnings recent Oct 17 pMkt Link PEG 1.3 P/E 12.3 Short 2.19%Div 2.96% EPS 4.41Mkt Cap 9.28B |
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Top ˄Fri 20 Dec, 2:09 pm ET
8 Month Detailed Chart
100%
Narrow price area with possible breakout and long trade entry
Scale +/-0(min) to 10(max)
QUOTE
55.18, +1.05 pts (+1.9%), Fri 20 Dec, 2:09 pm ET
strong up from yesterday's close, may pause/stop.
Today's
L 53.55 O 53.63 H 55.85Typical price range:
53.36 to
54.9 ± 0.773 pts, ± 1.4%
Extreme price range (85% of time)
52.58 to
55.68 ± 1.55 pts, ± 2.8%
VOLUME
713.1k shares, -7.2% compared to typical volume of 768.27k by 2:09 pm ET.
Typical daily volume is 1.2mil shares over the past 6 months.
RALLIES/PULLBACKS** Current price area
Typical: 4.71 pts (8.5%) occurs 25% of the time.
Extreme: 6.12 pts (11.1%) occurs 5% of the time.
A summary of bullish and bearish indicators. | |
BULLISH
[Positioning] Short term extreme pullback, expect pullback to pause/stop.
[Positioning] Oversold, odds favor long trades.
[Positioning] at support
[Timing] Strong bullish 3 day candlestick pattern with Strong 3 day accumulation.
[Timing] Average bullish 1 day moneyflow
[Timing] breakout watch above 55.37, no resistance in area just above.
BEARISH
[Positioning] 1 Day Price change strong up, may pause
[Positioning] Intermediate trend possibly bearish, Uptrend turned sideways, may continue or pullback.
Indicators for positioning trade entry and exits.
1 DAY PRICE CHANGE
strong up (+1.05 pts, +1.9%) from yesterday's close, may pause/stop.
SHORT TERM DIRECTION
extreme pullback, expect pullback to pause/stop.
OVERBOUGHT/SOLD
Oversold, odds favor long trades.
1 MONTH TREND
INTERMEDIATE TREND** Past 4 months
possibly bearish, Uptrend turned sideways, may continue or pullback.
SUPPORT/RESISTANCE
55.18, at support,
54.61 ± 0.765
type single,
strength 5
Support Below : -6.2% at
51.75 ± 0.724
type single,
strength 3
Resistance Above : +7.3% at
59.19 ± 0.829
type double,
strength 6
Indicators for timing trade entry and exits.
Over 120 three day candlestick chart patterns analyzed.
3 DAY CANDLESTICK
Strong bullish 3 day candlestick pattern.
Strong 3 day accumulation, occurs 20% of the time.
Days Back
Strong Bullish
Mild Bullish
Neutral
Mild Bearish
Strong Bearish
0
5
10
15
25
3 Day Candlestick (over last 25 days)
3 Day Candlestick (2 day avg)
MONEYFLOW
Average bullish 1 day moneyflow by 2:09 pm ET,
occurs 50% of the time.
BREAKOUT
WATCH for possible breakout above 55.37, no resistance in area just above.
Type: Continuation breakout from single resistance.
Target:
58.64, 6.3% Stop: 53.97
Loss: 2.2%
P/L ratio: 2.8 : 1 - Good
BREAKDOWN
None.
Support and Resistance Areas
Over the past 8 months.
Type/Strength Help
CURRENT PRICE
55.18, at support,
54.61 ± 0.765
type single,
strength 5
SUPPORT BELOW
-6.2% at 51.75 ± 0.724 type single,
strength 3
-11.8% at 48.69 ± 0.682 type triple,
strength 10
-15.7% at 46.53 ± 0.651 type double,
strength 2
...
RESISTANCE ABOVE
+7.3% at 59.19 ± 0.829 type double,
strength 6
+12.6% at 62.16 ± 0.87 type single,
strength 1
75%
Trade Quality
Long
TARGET 1
Price:
59.19 Profit:
7.3% (Typical rally)
Stop/Trailing Stop: 53.97 Loss: 2.2%
P/L Ratio: 3.3 : 1 - Good
POTENTIAL
Excellent, there are 0 resistance areas on the way to Target 1.
When there are few resistance areas, stocks may quickly rise to targets.
TARGET 2
Price:
61.26 Profit:
11% P/L Ratio: 5 : 1 - Excellent
(Extreme rally)
Breakout trade indicators.
Breakout Tip
BREAKOUT
WATCH for possible breakout above 55.37, no resistance in area just above.
Type: Continuation breakout from single resistance.
Target:
58.64, 6.3% Stop: 53.97
Loss: 2.2%
P/L ratio: 2.8 : 1 - Good
0%
Trade Quality
Short
TARGET 1
Price:
56.06 Profit:
0% (Strong pullback has exceeded Target 1)
Cover/Trailing Cover: 56.43 Loss: 2.3%
POTENTIAL
Excellent, there are 1 support areas on the way to Target 1.
When there are few support areas, stocks may quickly fall to targets.
TARGET 1 SUPPORT
Current price at support:
54.61 ± 0.765
type single,
strength 5
-0% at 56.06 is Target 1
TARGET 2
Price:
54.61 Profit:
1% P/L Ratio: 0.4 : 1 - Poor
(Extreme pullback)
Breakdown trade indicators.