Western New England Bancorp, Inc. ($WNEB) vs Cortland Bancorp ($CLDB)

2019-08-20 | Welcome! Today we compared how two different stocks in the Savings Institutions industry are trading: Western New England Bancorp, Inc. and Cortland Bancorp. 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, Western New England Bancorp, Inc. opened at 8.9, got to a maximum price of 9.02 and dropped to as low as 8.53 before finishing the session at 8.57. In total there were 64500 shares traded, which is enough to conduct our analysis. Compare that now to Cortland Bancorp, which opened at 23.49, had a high of 23.49, a low of 23.49, closed at 23.49 and had a total volume of 800.0.

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 Western New England Bancorp, Inc. Cortland Bancorp
Accumulation-distribution index 76.44744 22.5
on-balance volume 8.78 -22.5
chaikin money flow

7.16667 0.48924
force index

0.0221 0.9797
ease of movement rating

0.00224 -1e-05
volume-price trend

-0.63342 0.35149
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 Western New England Bancorp, Inc. Cortland Bancorp
Average true range 0.13622 0.41922
Bolinger bands 8.85542 24.39507
Upper bollinger band 8.37458 21.59493
Lower bollinger band

8.53 23.49
Bollinger high band indicator

1.0 1.0
Bollinger high low indicator

1.0 1.0
Central keltner channel

8.81667 23.49
High band keltner channel

8.69667 23.49
Low band keltner channel

8.93667 23.49
High band keltner channel indicator

1.0 1.0
Low band keltner channel indicator

1.0 1.0
Donchain channel high band

8.53 23.49
Donchain channel low band

8.53 23.49
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 Western New England Bancorp, Inc. Cortland Bancorp
Moving Average Convergence Divergence (MACD) trend_macd -0.02221
MACD signal 0.00212 -0.01234
MACD difference 0.0017 -0.00987
fast Exponential Moving Average (EMA) indicator

8.53 23.49
slow Exponential Moving Average (EMA) indicator

8.53 23.49
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

0.01276 0.02807
trix

-5.66601 1.56851
Mass Index (MI)

1.0 1.8
Commodity Channel Index (CCI)

-66.66667 -66.66667
Detrended Price Oscillator (DPO)

0.68307 -0.31643
KST Oscillator (KST)

-74.14091 13.65491
KST Oscillator (KST Signal)

-74.14091 13.65491
KST difference

4.61301 -10.68027
Ichimoku rating

8.96 23.49
Ichimoku B rating

8.96 23.49
Ichimoku visual trend A

9.32612 23.42959
Ichimoku visual trend B

9.21526 23.47568
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 Western New England Bancorp, Inc. Cortland Bancorp
Relative Strength Index (RSI) 50.0 50.0
Money Flow Index (MFI) 50.50149 100.0
True Strength Index (TSI) -100.0 100.0
ultimate oscillator

-253.80053 100.0
stochastic oscillator

408.33333 50.0
stochastic oscillator signal

408.33333 50.0
Williams %R rating

308.33333 -50.0
awesome oscillator

-0.02449 -0.12197

RETURNS: That’s all for technical analysis. Now let’s just list the returns for Western New England Bancorp, Inc. and Cortland Bancorp.

Daily return -7.41409 1.36549
Daily log return 1.97337 -4.30595
Cumulative return 1.99297 -4.21456

So there you have it: our deep, grueling analysis comparing Western New England Bancorp, Inc. and Cortland Bancorp 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 Western New England 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 WNEB is strong or weak. Again – this is not a reliable indication of whether Western New England 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 Cortland Bancorp

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@logistics-business-review.com
Gary Ivenchuck

Leave a Reply

Your email address will not be published. Required fields are marked *