Cathay General Bancorp (CATY) and Sonic Automotive Inc. (SAH) Does It Again With Another Awesome Display Of Technical Chart Data

Cathay General Bancorp (NASDAQ:CATY) traded at an unexpectedly low on Friday, posting a -1.97% after which it closed the day’ session at $36.82. The results of the trading session contributed to over 119290 shares changing hands. Shocker? The volume performance for the stock on the day in question is unusually low, especially when matched against average 278210.0. Traders can make of these figures one thing: sentiment in terms of actual shares traded is cooling down. Current trading movement for the stock has attracted a bevy of interest from several analysts, most weighing in on the outlook and upside for the stock in one way or another.

What Analysts Are Saying And Expect

The price target set for the Cathay General Bancorp (CATY) is $37.71 and this sets up an interesting set of potential movement for the stock. Based on current valuation, the price target means that analysts expect the stock to move 2.36%. The target price is an amalgamation of differing takes on what the stock will do over time.

Wedbush for instance, Upgrade the stock on May 02, 2018 whilst RBC Capital Mkts issued a Reiterated the stock on October 26, 2017. RBC Capital Mkts Reiterated coverage for the stock on July 20, 2017 and Piper Jaffray issued a Upgrade the stock on February 02, 2017. DA Davidson also Reiterated the stock on April 21, 2016.

All these opinions have come together to present the composite price target for the stock. Traders should keep an eye on these opinions.

Traders seeking a better understanding of the stock can look at the underlying technical data The stock is up on the following periods of measurement of performance. On a weekly basis, the stock is 0.25%. On a monthly basis the stock is 1.68%. The quarterly performance for the stock is 10.94%, while the half-yearly performance is 7.25%. The stock’s beta is 1.29 whilst the stock has an average true range (ATR) of 0.59. Other technical indicators are worth considering in assessing the prospects for CATY. RSI for instance is currently at 53.30. The stock has seen a uptick on its SMA 50 which is now 2.91%. In looking the SMA 200 we see that the stock has seen a 3.47%.

Sonic Automotive Inc. (NYSE:SAH)

Sonic Automotive Inc. (SAH) traded at an unexpectedly low on Friday, posting a -2.27% after which it closed the day’ session at $32.75. The results of the trading session contributed to over 119640 shares changing hands. Surprise? The volume performance for the stock on the day in question is unusually low, especially when matched against average 333.32K. Traders can make of these figures one thing: sentiment in terms of actual shares traded is cooling down. SAH has certainly shown an interesting set of movements, but what is the outlook from analysts. Quite interesting in fact.

What Analysts Are Saying And Expect

The price target set for the Sonic Automotive Inc. (SAH) is $33.17 and this sets up an interesting set of potential movement for the stock. Based on current valuation, the price target means that analysts expect the stock to move 1.27%. The target price is an amalgamation of differing takes on what the stock will do over time.

Morgan Stanley for instance, Upgrade the stock on November 14, 2019 whilst JP Morgan issued a Upgrade the stock on September 10, 2019. BofA/Merrill Downgrade coverage for the stock on August 15, 2019 and Stephens issued a Upgrade the stock on June 05, 2019. BofA/Merrill also Upgrade the stock on April 26, 2019.

All these opinions have come together to present the composite price target for the stock. Traders should keep an eye on these opinions.

The deeper technical indicators have offered up some solid data for traders The stock is down on the following periods of measurement of performance. On a weekly basis, the stock is -0.15%. On a monthly basis the stock is -1.65%. The quarterly performance for the stock is 21.70%, while the half-yearly performance is 7.25%. The stock’s beta is 1.89 whilst the stock has an average true range (ATR) of 1.10. Other technical indicators are worth considering in assessing the prospects for SAH. RSI for instance is currently at 50.66. The stock has seen a uptick on its SMA 50 which is now 4.74%. In looking the SMA 200 we see that the stock has seen a 38.71%.