The Battle Of Washington Trust Bancorp, Inc. ($WASH) And Old Line Bancshares, Inc. ($OLBK)

2019-08-20 | Welcome! Today we compared how two different stocks in the Major Banks industry are trading: Washington Trust Bancorp, Inc. and Old Line Bancshares, 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 Trust Bancorp, Inc. opened at 47.89, got to a maximum price of 47.93 and dropped to as low as 47.48 before finishing the session at 47.54. In total there were 21300 shares traded, which is enough to conduct our analysis. Compare that now to Old Line Bancshares, Inc., which opened at 26.53, had a high of 26.88, a low of 26.51, closed at 26.65 and had a total volume of 157600.

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 Trust Bancorp, Inc. Old Line Bancshares, Inc.
Accumulation-distribution index 1069.52 61.80382
on-balance volume -47.41 -26.4
chaikin money flow

21.5 1.11429
force index

0.8085 0.338
ease of movement rating

0.0101 0.00533
volume-price trend

-2.25366 0.87262
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 Trust Bancorp, Inc. Old Line Bancshares, Inc.
Average true range 0.59978 0.33689
Bolinger bands 48.01024 26.88483
Upper bollinger band 46.36976 25.72517
Lower bollinger band

47.48 26.51
Bollinger high band indicator

1.0 1.0
Bollinger high low indicator

1.0 1.0
Central keltner channel

47.76667 26.64
High band keltner channel

47.72667 26.29
Low band keltner channel

47.80667 26.99
High band keltner channel indicator

1.0 1.0
Low band keltner channel indicator

1.0 1.0
Donchain channel high band

47.48 26.51
Donchain channel low band

47.48 26.51
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 Trust Bancorp, Inc. Old Line Bancshares, Inc.
Moving Average Convergence Divergence (MACD) trend_macd -0.0092
MACD signal -0.00723 -0.00511
MACD difference -0.00578 -0.00409
fast Exponential Moving Average (EMA) indicator

47.48 26.51
slow Exponential Moving Average (EMA) indicator

47.48 26.51
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

0.05298 0.34294

-3.79791 2.3976
Mass Index (MI)

1.0 1.0
Commodity Channel Index (CCI)

-66.66667 -66.66667
Detrended Price Oscillator (DPO)

2.35495 -0.83932
KST Oscillator (KST)

-47.25505 32.69547
KST Oscillator (KST Signal)

-47.25505 32.69547
KST difference

-2.9096 -3.99288
Ichimoku rating

47.91 26.705
Ichimoku B rating

47.91 26.705
Ichimoku visual trend A

50.45812 26.24816
Ichimoku visual trend B

49.97876 26.61776
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 Trust Bancorp, Inc. Old Line Bancshares, Inc.
Relative Strength Index (RSI) 50.0 50.0
Money Flow Index (MFI) 20.12143 100.0
True Strength Index (TSI) -100.0 100.0
ultimate oscillator

-23.62263 97.67256
stochastic oscillator

1125.0 105.71429
stochastic oscillator signal

1125.0 105.71429
Williams %R rating

1025.0 5.71429
awesome oscillator

-0.13016 0.00857

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

Daily return -4.7255 3.26955
Daily log return -1.22909 -1.55867
Cumulative return -1.22157 -1.54659

So there you have it: our deep, grueling analysis comparing Washington Trust Bancorp, Inc. and Old Line Bancshares, 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 Trust Bancorp, 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 WASH is strong or weak. Again – this is not a reliable indication of whether Washington Trust Bancorp, 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 Old Line Bancshares, 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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