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- 1 PACW stock price is currently trading at $8.03 with a drop of 2.55% in the last 24 hours and a current market cap of $951.898 Million.
- 2 PacWest Bancorp (PACW: NASDAQ) stock price decreased by 10.48% since last month.
PACW stock price is under bearish momentum on the daily time frame. On the daily chart, the share was under strong shorting pressure. The upside trend of PacWest Bancorp may halt near $55, and from then, it will be in a continued downtrend. Meanwhile, the support of the share price is near $7.50. PACW price is presently trading beneath the 50, 100, and 200-day EMAs. If the price surges beyond the 200-day EMA, a strong upside trend could be seen in the future.
PacWest Bancorp (PACW: NASDAQ) is presently trading at $8.03 with a trading volume of 1.812 Million. The average trading volume of the previous 10 days is 2.053 Million. The company has a market cap of $951.898 Million and a dividend yield of 0.50%. Additionally, it has a basic EPS of -$10.61.
PACW stock performance has not been so good this year since the beginning of the year it gave a negative return of -65.40% and in the previous 6 months it gave -68.42% of returns. However, last week the performance turned green from red and gave a positive return of 2.95%.
Technical Analysis: Will PACW Stock Price Revive From Lows?
PACW stock (NASDAQ: PacWest Bancorp) is trading below the 50, 100, and 200-day EMAs (Exponential moving averages), which are not upholding the price trend. Nevertheless, if more selling volume adds up in stock then more downward levels can be seen in upcoming weeks. The price might smash new lows by making lower highs and lows. Hence, PacWest Bancorp price is expected to move downwards giving bearish views over the daily time frame chart.
The current value of RSI is 47.26 points. The 14 SMA is above the median line at 42.64 points which indicates that the PACW stock is neutral. The MACD line at -0.1725 and the signal line at -0.2136 are above the zero line. A bullish crossover is observed in the MACD indicator which signals mild strength for the PacWest Bancorp stock price.
Summary
PacWest Bancorp (PACW: NASDAQ) has been in a prolonged downtrend. However, the MACD and RSI are giving the neural signs. On a weekly time frame the fall in stock price has stopped.
Technical Levels
- Support Levels: $7.12 and $6.28.
- Resistance Levels: $9.02 and $10.08.
Disclaimer
The analysis delivered in this article is for informational and educational objectives only. Do not depend on this information as financial, investment, or trading recommendations. Investing and trading in stock involves risk. Please assess your situation and risk tolerance before making any investment decisions.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
