The Battle Of Washington Federal, Inc. ($WAFD) And Washington Trust Bancorp, Inc. ($WASH)

2019-08-20 | Welcome! Today we compared how two different stocks in the Major Banks industry are trading: Washington Federal, Inc. and Washington Trust Bancorp, Inc.. While these two companies may have very different market capitalizations and balance sheets, they are worth comparing given how they are in the same sector. Below you’ll see how the different technical indicators differ between these two stocks, and we’ll also show what Trading View thinks of them based on the technical analysis. But before we get ahead of ourselves, please note that this is technical analysis only (ie. analyzing how these companies are trading, not digging into the company fundamentals), and therefore you should not rely only on this to guide you on whether you should buy or sell anything – take it with a grain of salt only, and pay attention to the disclaimer below. With that said, many traders find value in technical analysis and others even swear by it, so if that is you, I hope my analysis will be of use to you. Let’s get to it…

First things first: during its last day of trading, Washington Federal, Inc. opened at 35.09, got to a maximum price of 35.26 and dropped to as low as 34.93 before finishing the session at 35.11. In total there were 338000 shares traded, which is enough to conduct our analysis. Compare that now to Washington Trust Bancorp, Inc., which opened at 47.89, had a high of 47.93, a low of 47.48, closed at 47.54 and had a total volume of 21300.

VOLUME ANALYSIS: Generally, the higher the volume indicators are, the better – you need liquidity to trade, after all. All of the volume indicators are as follows… (click here for an explanation on volume)

Volume Indicator Washington Federal, Inc. Washington Trust Bancorp, Inc.
Accumulation-distribution index 135.80941 1069.52
on-balance volume -34.61 -47.41
chaikin money flow

2.88235 21.5
force index

1.2064 0.8085
ease of movement rating

0.0111 0.0101
volume-price trend

2.14214 -2.25366
negative volume index

1000.0 1000.0

VOLATILITY ANALYSIS: Now to compare the volatility between these two companies… (click here for an explanation on volatility)

Volatility Indicator Washington Federal, Inc. Washington Trust Bancorp, Inc.
Average true range 0.35507 0.59978
Bolinger bands 35.59738 48.01024
Upper bollinger band 33.53262 46.36976
Lower bollinger band

34.93 47.48
Bollinger high band indicator

nan 1.0
Bollinger high low indicator

1.0 1.0
Central keltner channel

35.09333 47.76667
High band keltner channel

34.92333 47.72667
Low band keltner channel

35.26333 47.80667
High band keltner channel indicator

1.0 1.0
Low band keltner channel indicator

1.0 1.0
Donchain channel high band

34.93 47.48
Donchain channel low band

34.93 47.48
Donchain channel high band indicator

1.0 1.0
Donchain channel low band indicator

1.0 1.0

TREND ANALYSIS: Now for the most interesting and detailed part, the trend. Where is the stock actually going? Let’s compare the indicators… (click here for an explanation on trend)

Trend Indicator Washington Federal, Inc. Washington Trust Bancorp, Inc.
Moving Average Convergence Divergence (MACD) trend_macd -0.01301
MACD signal -0.0091 -0.00723
MACD difference -0.00728 -0.00578
fast Exponential Moving Average (EMA) indicator

34.93 47.48
slow Exponential Moving Average (EMA) indicator

34.93 47.48
Average Directional Movement Index (ADX)

unknown unknown
ADX positive

20.0 20.0
ADX negative

20.0 20.0
positive Vortex Indicator (VI)

1.0 1.0
negative VI

1.0 1.0
trend vortex difference

0.28391 0.05298

3.71038 -3.79791
Mass Index (MI)

1.0 1.0
Commodity Channel Index (CCI)

-66.66667 -66.66667
Detrended Price Oscillator (DPO)

-2.03986 2.35495
KST Oscillator (KST)

62.02048 -47.25505
KST Oscillator (KST Signal)

62.02048 -47.25505
KST difference

-5.54878 -2.9096
Ichimoku rating

35.175 47.91
Ichimoku B rating

35.175 47.91
Ichimoku visual trend A

33.77421 50.45812
Ichimoku visual trend B

34.37128 49.97876
Aroon Indicator (AI)

4.0 4.0
AI indicator down

4.0 4.0
AI difference

-4.0 -4.0

MOMENTUM ANALYSIS: What about momentum? Let’s dive into it… (click here for an explanation on momentum)

Momentum Indicator Washington Federal, Inc. Washington Trust Bancorp, Inc.
Relative Strength Index (RSI) 50.0 50.0
Money Flow Index (MFI) 100.0 20.12143
True Strength Index (TSI) 100.0 -100.0
ultimate oscillator

92.72682 -23.62263
stochastic oscillator

194.11765 1125.0
stochastic oscillator signal

194.11765 1125.0
Williams %R rating

94.11765 1025.0
awesome oscillator

-0.0597 -0.13016

RETURNS: That’s all for technical analysis. Now let’s just list the returns for Washington Federal, Inc. and Washington Trust Bancorp, Inc..

Daily return 6.20205 -4.7255
Daily log return -2.11204 -1.22909
Cumulative return -2.08989 -1.22157

So there you have it: our deep, grueling analysis comparing Washington Federal, Inc. and Washington Trust Bancorp, Inc. together. But what does all of the above mean? Various technical indicators above are positive, while others are negative, and if we want to decide overall if the technical analysis indicates a bullish or bearish chart, we have to consider all of them together. That’s what the Trading View widget below can do, so let’s see what it says considering all these indicators. First, here’s Washington Federal, Inc.:

The verdict above will consider all these technical indicators and consider which are strong and weak, and then put them all together to come up with a conclusion stating whether WAFD is strong or weak. Again – this is not a reliable indication of whether Washington Federal, Inc. is a good investment! None of these indicators consider the company fundamentals. All of this data is based on how it trades only. Now with that out of the way, let’s compare it with Washington Trust Bancorp, Inc.

So there you have it. We hope you have found this analysis useful, and if you see any errors or have any feedback, please comment below.

How can you profit off trading these 2 companies and other stocks like it? First, check out the Beat The Market Analyzer software – this is worth its weight in gold. Some other great services for earning income from trading and investing are Dividend Stocks (an outstanding resource for anyone interested in high dividend paying stocks), Microcap Millionaires (the best site online for profiting off micro-cap stocks) and Trading Code (an extremely powerful system for profiting off trading).

DISCLAIMER: We are not registered investment advisers and the above analysis should be taken at face value only. We strongly advise against buying or selling anything based solely on our analysis above, and are not responsible for any losses that you may incur if you choose make any investment decisions based on the above.

Gary Ivenchuck

Gary is a stock trading expert and is responsible for covering technical analysis news on Logistics Business Review. Recently he has been working tirelessly to analyse stocks for our readers, and is always available to hear from people asking for stock analysis.
Gary Ivenchuck

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