Cathay General Bancorp | CATY

Daily Technical Analysis of Cathay General Bancorp

Cathay General Bancorp moved up less than 1% today. The market isn't being very decisive in its valuation of Banks company. It looks like CATY may be interacting with a slightly angled support line. This area could represent a pivot point that it moves up from. In addition to being near an angled support line CATY is near a weak support line. We'll see if it bounces off or heads lower. CATY hasn't had very clear momentum over the last 3 months in either direction. Which makes it a little harder to predict. But hasn't shown the selling pressure to make me feel certain it will break through the line.

If the price bounces off of the support and moves up it'll probably head up to the $45.05 level, at which point it may hit some selling pressure. If it punches through this support level, it can easily push down to $38.18 where it may meet further support, hopefully it can consolidate around that point.

Analyst Ratings for Cathay General Bancorp By Price Target And Rating

The analysts are pretty neutral on Cathay General Bancorp right now, so not much useful information here. The current Analysts Sentiment Score is -0.22. Most companies range between (-200 to 200).

Here's a break down of the latest rating changes. Piper Sandler downgraded from Neutral to Underweight on 2023-11-06 and added a price target of $31.00. Wedbush provided a price target decease of -4.76% to $40.00 from $42.00 on 2023-10-24. Truist Financial decided to move down their price target on 2023-09-27 to $38.00 which is a -5% decrease. Keefe, Bruyette & Woo provided a price target boost of 5.41% to $39.00 from $37.00 on 2023-07-25. DA Davidson provided a price target boost of 20.59% to $41.00 from $34.00 on 2023-07-25. 51job announced that they are reiterating a rating of Maintains on 2023-06-29. VNET Group reiterated a rating of Maintains on 2023-06-29. Stephens boosted their price targ by 2.33% to $44.00 on 2023-01-26.

Earnings Per Share (EPS) Estimates By Year and Quarter

Short interest for Cathay General Bancorp

We take into account several different measures of short interest to create a composite score. These measures are shown in the chart below. Short selling is when investors are betting against a stock. We compile these factors to create a dynamic Short Score - this can indicate poor sentiment, internal problems with a company or industry and the anticipation of future price declines. We look at the short interest percent, days to cover, the rate of change and total shares sold short.

Social Sentiment for Cathay General Bancorp

Social Sentiment is an aggregation of several different factors such as news, articles, blogs, user content, ratings, etc. Which is shown in the chart below. It may become predictive of a reversal if price and the sentiment diverge. Broader market forces may push prices up or down but if market participants maintain a different view on a specific stock, it may be taken as an opportunity to buy or sell in those cases.