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Canadian Western Bank
Buy, Hold or Sell?

Let's analyse Canadian Western Bank together

PenkeI guess you are interested in Canadian Western Bank. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of Canadian Western Bank. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

You can find me behind Let's Analyse Together in the top-right of each section.

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Quick analysis of Canadian Western Bank (30 sec.)










What can you expect buying and holding a share of Canadian Western Bank? (30 sec.)

How much money do you get?

How much money do you get?
C$1.15
When do you have the money?
1 year
How often do you get paid?
100.0%

What is your share worth?

Current worth
C$43.07
Expected worth in 1 year
C$45.90
How sure are you?
88.2%

+ What do you gain per year?

Total Gains per Share
C$4.39
Return On Investment
17.5%

For what price can you sell your share?

Current Price per Share
C$25.15
Expected price per share
C$24.42 - C$25.20
How sure are you?
50%

1. Valuation of Canadian Western Bank (5 min.)




Live pricePrice per Share (EOD)

C$25.15

Intrinsic Value Per Share

C$-422.92 - C$-510.22

Total Value Per Share

C$-379.86 - C$-467.15

2. Growth of Canadian Western Bank (5 min.)




Is Canadian Western Bank growing?

Current yearPrevious yearGrowGrow %
How rich?$3b$2.7b$203.5m6.9%

How much money is Canadian Western Bank making?

Current yearPrevious yearGrowGrow %
Making money$63.3m$63.2m$120.5k0.2%
Net Profit Margin30.4%31.7%--

How much money comes from the company's main activities?

3. Financial Health of Canadian Western Bank (5 min.)




4. Comparing to competitors in the Banks - Regional industry (5 min.)




  Industry Rankings (Banks - Regional)  

What can you expect buying and holding a share of Canadian Western Bank? (5 min.)

Welcome investor! Canadian Western Bank's management wants to use your money to grow the business. In return you get a share of Canadian Western Bank.

What can you expect buying and holding a share of Canadian Western Bank?

First you should know what it really means to hold a share of Canadian Western Bank. And how you can make/lose money.

Speculation

The Price per Share of Canadian Western Bank is C$25.15. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Canadian Western Bank.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Canadian Western Bank, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is C$43.07. Based on the TTM, the Book Value Change Per Share is C$0.71 per quarter. Based on the YOY, the Book Value Change Per Share is C$0.06 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is C$0.39 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Canadian Western Bank.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 C$% of Price per ShareC$% of Price per ShareC$% of Price per ShareC$% of Price per ShareC$% of Price per Share
Usd Eps0.722.9%0.662.6%0.622.5%0.632.5%0.632.5%
Usd Book Value Change Per Share0.973.8%0.522.1%0.040.2%1.877.4%1.877.4%
Usd Dividend Per Share0.281.1%0.291.1%0.271.1%0.271.1%0.271.1%
Usd Total Gains Per Share1.255.0%0.813.2%0.321.3%2.148.5%2.148.5%
Usd Price Per Share18.25-17.92-18.50-18.51-18.51-
Price to Earnings Ratio6.37-6.83-7.53-7.51-7.51-
Price-to-Total Gains Ratio14.58-25.70-85.30-29.63-29.63-
Price to Book Ratio0.58-0.58-0.63-0.65-0.65-
Price-to-Total Gains Ratio14.58-25.70-85.30-29.63-29.63-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share18.517945
Number of shares54
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.290.27
Usd Book Value Change Per Share0.521.87
Usd Total Gains Per Share0.812.14
Gains per Quarter (54 shares)43.64115.33
Gains per Year (54 shares)174.57461.31
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
16211316558403451
2124225340117806912
318633851517512091373
424845069023416121834
531056386529220152295
6372676104035024182756
7434788121540928213217
8496901139046732233678
95581014156552536264139
106201126174058440294600

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share4.00.00.0100.0%12.00.00.0100.0%17.00.00.0100.0%17.00.00.0100.0%17.00.00.0100.0%
Book Value Change Per Share4.00.00.0100.0%9.03.00.075.0%14.03.00.082.4%14.03.00.082.4%14.03.00.082.4%
Dividend per Share4.00.00.0100.0%12.00.00.0100.0%17.00.00.0100.0%17.00.00.0100.0%17.00.00.0100.0%
Total Gains per Share4.00.00.0100.0%10.02.00.083.3%15.02.00.088.2%15.02.00.088.2%15.02.00.088.2%

Fundamentals of Canadian Western Bank

About Canadian Western Bank

Canadian Western Bank provides personal and business banking products and services in Western Canada. The company offers current, savings, US dollar, chequing, flex notice, organization, business trust, and trust fund investment accounts. It also offers commercial lending and real estate, equipment financing and leasing, aviation financing, and dealership financing products; agriculture lending products and AgriInvest savings account; variable and fixed rate mortgages; line of credit; registered retirement savings plan, consolidation, and vehicle loans; and credit cards. In addition, the company offers cash management services; prestige banking services; life and disability creditor insurance products; and ATM, mobile, and online banking services, as well as cheque order services. Further, it provides investment products comprising guaranteed investment certificates, US dollars investments plans, registered retirement income fund, tax free savings accounts, registered education savings plans, and mutual funds; financial planning services; and specialized financing, wealth management, and trust services. Canadian Western Bank was founded in 1984 and is headquartered in Edmonton, Canada.

Fundamental data was last updated by Penke on 2024-03-28 22:28:06.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge profit.
Using its assets, the company is inefficient in making profit.
Using its investors money, the company is inefficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
Liquidity Details
 Compared to previous yearCompared to industry
The company is unable to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is just able to pay all its debts by selling its assets.
The company is unable to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is cheap.
Based on the earnings, the company is cheap.
Based on how much money comes from the company's main activities, the company is cheap.

1.1. Profitability of Canadian Western Bank.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Canadian Western Bank earns for each $1 of revenue.

  • Above 10% is considered healthy but always compare Canadian Western Bank to the Banks - Regional industry mean.
  • A Net Profit Margin of 32.4% means that $0.32 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Canadian Western Bank:

  • The MRQ is 32.4%. The company is making a huge profit. +2
  • The TTM is 30.4%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ32.4%TTM30.4%+1.9%
TTM30.4%YOY31.7%-1.3%
TTM30.4%5Y32.1%-1.6%
5Y32.1%10Y32.1%0.0%
Compared to industry (Banks - Regional)
PeriodCompanyIndustry (mean)+/- 
MRQ32.4%18.4%+14.0%
TTM30.4%28.0%+2.4%
YOY31.7%25.2%+6.5%
5Y32.1%22.8%+9.3%
10Y32.1%19.8%+12.3%
1.1.2. Return on Assets

Shows how efficient Canadian Western Bank is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Canadian Western Bank to the Banks - Regional industry mean.
  • 0.2% Return on Assets means that Canadian Western Bank generated $0.00 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Canadian Western Bank:

  • The MRQ is 0.2%. Using its assets, the company is inefficient in making profit. -1
  • The TTM is 0.2%. Using its assets, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ0.2%TTM0.2%+0.0%
TTM0.2%YOY0.2%0.0%
TTM0.2%5Y0.2%0.0%
5Y0.2%10Y0.2%0.0%
Compared to industry (Banks - Regional)
PeriodCompanyIndustry (mean)+/- 
MRQ0.2%0.1%+0.1%
TTM0.2%0.2%+0.0%
YOY0.2%0.2%+0.0%
5Y0.2%0.2%+0.0%
10Y0.2%0.2%+0.0%
1.1.3. Return on Equity

Shows how efficient Canadian Western Bank is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Canadian Western Bank to the Banks - Regional industry mean.
  • 2.3% Return on Equity means Canadian Western Bank generated $0.02 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Canadian Western Bank:

  • The MRQ is 2.3%. Using its investors money, the company is inefficient in making profit. -1
  • The TTM is 2.1%. Using its investors money, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ2.3%TTM2.1%+0.1%
TTM2.1%YOY2.3%-0.2%
TTM2.1%5Y2.3%-0.2%
5Y2.3%10Y2.3%0.0%
Compared to industry (Banks - Regional)
PeriodCompanyIndustry (mean)+/- 
MRQ2.3%1.4%+0.9%
TTM2.1%2.5%-0.4%
YOY2.3%2.7%-0.4%
5Y2.3%2.5%-0.2%
10Y2.3%2.8%-0.5%

1.2. Operating Efficiency of Canadian Western Bank.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Canadian Western Bank is operating .

  • Measures how much profit Canadian Western Bank makes for each $1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Canadian Western Bank to the Banks - Regional industry mean.
  • An Operating Margin of 0.0% means the company generated $0.00  for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Canadian Western Bank:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.0%
TTM-YOY-0.0%
TTM-5Y-0.0%
5Y-10Y-0.0%
1.2.2. Operating Ratio

Measures how efficient Canadian Western Bank is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Banks - Regional industry mean).
  • An Operation Ratio of 0.00 means that the operating costs are $0.00 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of Canadian Western Bank:

  • The MRQ is 0.000. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.000
TTM-YOY-0.000
TTM-5Y-0.000
5Y-10Y-0.000

1.3. Liquidity of Canadian Western Bank.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Canadian Western Bank is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Banks - Regional industry mean).
  • A Current Ratio of 0.00 means the company has $0.00 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of Canadian Western Bank:

  • The MRQ is 0.000. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM0.004-0.004
TTM0.004YOY0.013-0.008
TTM0.0045Y0.020-0.016
5Y0.02010Y0.0200.000
Compared to industry (Banks - Regional)
PeriodCompanyIndustry (mean)+/- 
TTM0.0040.124-0.120
YOY0.0130.225-0.212
5Y0.0200.219-0.199
10Y0.0200.131-0.111
1.3.2. Quick Ratio

Measures if Canadian Western Bank is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Canadian Western Bank to the Banks - Regional industry mean.
  • A Quick Ratio of 0.00 means the company can pay off $0.00 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Canadian Western Bank:

  • The MRQ is 0.000. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM0.028-0.028
TTM0.028YOY0.016+0.012
TTM0.0285Y0.013+0.015
5Y0.01310Y0.0130.000

1.4. Solvency of Canadian Western Bank.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Canadian Western Bank assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Canadian Western Bank to Banks - Regional industry mean.
  • A Debt to Asset Ratio of 0.90 means that Canadian Western Bank assets are financed with 90.3% credit (debt) and the remaining percentage (100% - 90.3%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Canadian Western Bank:

  • The MRQ is 0.903. The company is just able to pay all its debts by selling its assets.
  • The TTM is 0.905. The company is just able to pay all its debts by selling its assets.
Trends
Current periodCompared to+/- 
MRQ0.903TTM0.905-0.003
TTM0.905YOY0.908-0.003
TTM0.9055Y0.9050.000
5Y0.90510Y0.9050.000
Compared to industry (Banks - Regional)
PeriodCompanyIndustry (mean)+/- 
MRQ0.9030.915-0.012
TTM0.9050.917-0.012
YOY0.9080.919-0.011
5Y0.9050.919-0.014
10Y0.9050.927-0.022
1.4.2. Debt to Equity Ratio

Measures if Canadian Western Bank is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Canadian Western Bank to the Banks - Regional industry mean.
  • A Debt to Equity ratio of 927.4% means that company has $9.27 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Canadian Western Bank:

  • The MRQ is 9.274. The company is unable to pay all its debts with equity. -1
  • The TTM is 9.568. The company is unable to pay all its debts with equity. -1
Trends
Current periodCompared to+/- 
MRQ9.274TTM9.568-0.294
TTM9.568YOY9.855-0.287
TTM9.5685Y9.578-0.010
5Y9.57810Y9.5780.000
Compared to industry (Banks - Regional)
PeriodCompanyIndustry (mean)+/- 
MRQ9.27410.829-1.555
TTM9.56811.013-1.445
YOY9.85511.363-1.508
5Y9.57811.437-1.859
10Y9.57813.038-3.460

2. Market Valuation of Canadian Western Bank

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every $1 in earnings Canadian Western Bank generates.

  • Above 15 is considered overpriced but always compare Canadian Western Bank to the Banks - Regional industry mean.
  • A PE ratio of 6.37 means the investor is paying $6.37 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Canadian Western Bank:

  • The EOD is 6.458. Based on the earnings, the company is cheap. +2
  • The MRQ is 6.366. Based on the earnings, the company is cheap. +2
  • The TTM is 6.834. Based on the earnings, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD6.458MRQ6.366+0.092
MRQ6.366TTM6.834-0.468
TTM6.834YOY7.525-0.691
TTM6.8345Y7.509-0.675
5Y7.50910Y7.5090.000
Compared to industry (Banks - Regional)
PeriodCompanyIndustry (mean)+/- 
EOD6.4587.491-1.033
MRQ6.3666.680-0.314
TTM6.8345.295+1.539
YOY7.5256.943+0.582
5Y7.5099.770-2.261
10Y7.5099.943-2.434
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Canadian Western Bank:

  • The EOD is 1.337. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The MRQ is 1.318. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The TTM is 3.476. Based on how much money comes from the company's main activities, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD1.337MRQ1.318+0.019
MRQ1.318TTM3.476-2.158
TTM3.476YOY1.226+2.251
TTM3.4765Y0.740+2.736
5Y0.74010Y0.7400.000
Compared to industry (Banks - Regional)
PeriodCompanyIndustry (mean)+/- 
EOD1.337-2.094+3.431
MRQ1.318-1.868+3.186
TTM3.476-0.342+3.818
YOY1.2266.448-5.222
5Y0.7400.429+0.311
10Y0.7400.091+0.649
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Canadian Western Bank is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Banks - Regional industry mean).
  • A PB ratio of 0.58 means the investor is paying $0.58 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of Canadian Western Bank:

  • The EOD is 0.584. Based on the equity, the company is cheap. +2
  • The MRQ is 0.576. Based on the equity, the company is cheap. +2
  • The TTM is 0.584. Based on the equity, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD0.584MRQ0.576+0.008
MRQ0.576TTM0.584-0.008
TTM0.584YOY0.630-0.046
TTM0.5845Y0.646-0.062
5Y0.64610Y0.6460.000
Compared to industry (Banks - Regional)
PeriodCompanyIndustry (mean)+/- 
EOD0.5840.433+0.151
MRQ0.5760.386+0.190
TTM0.5840.470+0.114
YOY0.6300.642-0.012
5Y0.6460.795-0.149
10Y0.6461.025-0.379
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Canadian Western Bank compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share--1.3140.708+86%0.056+2267%2.533-48%2.533-48%
Book Value Per Share--43.06941.685+3%39.902+8%39.056+10%39.056+10%
Current Ratio---0.004-100%0.013-100%0.020-100%0.020-100%
Debt To Asset Ratio--0.9030.9050%0.908-1%0.9050%0.9050%
Debt To Equity Ratio--9.2749.568-3%9.855-6%9.578-3%9.578-3%
Dividend Per Share--0.3860.390-1%0.373+4%0.367+5%0.367+5%
Eps--0.9740.892+9%0.844+15%0.850+14%0.850+14%
Free Cash Flow Per Share--4.7031.064+342%1.837+156%1.612+192%1.612+192%
Free Cash Flow To Equity Per Share--6.8523.445+99%9.823-30%7.011-2%7.011-2%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max---510.223--------
Intrinsic Value_10Y_min---422.924--------
Intrinsic Value_1Y_max---6.178--------
Intrinsic Value_1Y_min---6.041--------
Intrinsic Value_3Y_max---52.819--------
Intrinsic Value_3Y_min---49.733--------
Intrinsic Value_5Y_max---140.761--------
Intrinsic Value_5Y_min---127.702--------
Market Cap2236257520.000-7%2391854126.4402346173453.488+2%2356488782.500+2%2310215128.359+4%2310215128.359+4%
Net Profit Margin--0.3240.304+6%0.317+2%0.321+1%0.321+1%
Operating Margin----0%-0%-0%-0%
Operating Ratio----0%-0%-0%-0%
Pb Ratio0.584+1%0.5760.584-1%0.630-9%0.646-11%0.646-11%
Pe Ratio6.458+1%6.3666.834-7%7.525-15%7.509-15%7.509-15%
Price Per Share25.150+1%24.79024.338+2%25.130-1%25.146-1%25.146-1%
Price To Free Cash Flow Ratio1.337+1%1.3183.476-62%1.226+8%0.740+78%0.740+78%
Price To Total Gains Ratio14.793+1%14.58225.702-43%85.302-83%29.627-51%29.627-51%
Quick Ratio---0.028-100%0.016-100%0.013-100%0.013-100%
Return On Assets--0.0020.002+9%0.002+4%0.002+1%0.002+1%
Return On Equity--0.0230.021+6%0.023-1%0.023-2%0.023-2%
Total Gains Per Share--1.7001.098+55%0.428+297%2.901-41%2.901-41%
Usd Book Value--3059721893.1002958844007.150+3%2755334552.725+11%2647722196.276+16%2647722196.276+16%
Usd Book Value Change Per Share--0.9670.521+86%0.041+2267%1.865-48%1.865-48%
Usd Book Value Per Share--31.71230.693+3%29.380+8%28.757+10%28.757+10%
Usd Dividend Per Share--0.2840.287-1%0.274+4%0.270+5%0.270+5%
Usd Eps--0.7170.657+9%0.622+15%0.626+14%0.626+14%
Usd Free Cash Flow--334110114.70075629238.575+342%122259485.725+173%107271200.506+211%107271200.506+211%
Usd Free Cash Flow Per Share--3.4630.784+342%1.352+156%1.187+192%1.187+192%
Usd Free Cash Flow To Equity Per Share--5.0452.537+99%7.233-30%5.162-2%5.162-2%
Usd Market Cap1646556411.976-7%1761122193.2981727487513.803+2%1735082690.555+2%1701011399.011+4%1701011399.011+4%
Usd Price Per Share18.518+1%18.25317.920+2%18.503-1%18.515-1%18.515-1%
Usd Profit--69162131.60063359167.225+9%63238598.100+9%61027229.329+13%61027229.329+13%
Usd Revenue--213520373.300207944741.550+3%199390408.150+7%190237397.882+12%190237397.882+12%
Usd Total Gains Per Share--1.2520.808+55%0.315+297%2.136-41%2.136-41%
 EOD+2 -6MRQTTM+27 -6YOY+25 -85Y+21 -1210Y+21 -12

3.2. Fundamental Score

Let's check the fundamental score of Canadian Western Bank based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-156.458
Price to Book Ratio (EOD)Between0-10.584
Net Profit Margin (MRQ)Greater than00.324
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than10.000
Current Ratio (MRQ)Greater than10.000
Debt to Asset Ratio (MRQ)Less than10.903
Debt to Equity Ratio (MRQ)Less than19.274
Return on Equity (MRQ)Greater than0.150.023
Return on Assets (MRQ)Greater than0.050.002
Total4/10 (40.0%)

3.3. Technical Score

Let's check the technical score of Canadian Western Bank based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5063.386
Ma 20Greater thanMa 5024.965
Ma 50Greater thanMa 10024.874
Ma 100Greater thanMa 20024.437
OpenGreater thanClose25.150
Total4/5 (80.0%)



Latest Balance Sheet

Balance Sheet of 2024-01-31. Currency in CAD. All numbers in thousands.

Summary
Total Assets42,694,873
Total Liabilities38,539,336
Total Stockholder Equity4,155,537
 As reported
Total Liabilities 38,539,336
Total Stockholder Equity+ 4,155,537
Total Assets = 42,694,873

Assets

Total Assets42,694,873
Total Current Assets0
Long-term Assets0
Total Current Assets
Cash And Cash Equivalents 228,842
Short-term Investments 4,571,499
Total Current Assets  (as reported)0
Total Current Assets  (calculated)4,800,341
+/- 4,800,341
Long-term Assets
Property Plant Equipment 147,816
Goodwill 138,701
Long Term Investments 4,611,793
Intangible Assets 240,573
Long-term Assets  (as reported)0
Long-term Assets  (calculated)5,138,883
+/- 5,138,883

Liabilities & Shareholders' Equity

Total Current Liabilities0
Long-term Liabilities0
Total Stockholder Equity4,155,537
Total Current Liabilities
Total Current Liabilities  (as reported)0
Total Current Liabilities  (calculated)0
+/-0
Long-term Liabilities
Long-term Liabilities  (as reported)0
Long-term Liabilities  (calculated)0
+/-0
Total Stockholder Equity
Retained Earnings 2,570,852
Total Stockholder Equity (as reported)4,155,537
Total Stockholder Equity (calculated)2,570,852
+/- 1,584,685
Other
Capital Stock1,259,608
Common Stock Shares Outstanding 96,485
Net Debt 6,908,692
Net Invested Capital 11,043,071



Balance Sheet

Currency in CAD. All numbers in thousands.

 Trend2024-01-312023-10-312023-07-312023-04-302023-01-312022-10-312022-07-312022-04-302022-01-312021-10-312021-07-312021-04-302021-01-312020-10-312020-07-312020-04-302020-01-31
> Total Assets 
31,571,598
32,958,184
33,222,764
33,937,865
35,301,768
35,917,565
36,649,461
37,323,176
37,684,907
38,927,826
40,403,938
41,440,143
41,711,554
42,227,843
42,561,599
42,320,103
42,694,873
42,694,87342,320,10342,561,59942,227,84341,711,55441,440,14340,403,93838,927,82637,684,90737,323,17636,649,46135,917,56535,301,76833,937,86533,222,76432,958,18431,571,598
   > Total Current Assets 
0
2,459,137
2,754,731
662,134
500,438
301,283
139,230
416,865
246,915
204,543
428,275
602,757
455,338
0
602,865
0
0
00602,8650455,338602,757428,275204,543246,915416,865139,230301,283500,438662,1342,754,7312,459,1370
       Cash And Cash Equivalents 
378,050
414,768
288,677
368,319
421,501
254,812
105,002
128,459
98,433
99,878
187,369
115,979
97,312
176,461
61,742
215,809
228,842
228,842215,80961,742176,46197,312115,979187,36999,87898,433128,459105,002254,812421,501368,319288,677414,768378,050
       Short-term Investments 
0
0
0
792,788
0
0
0
171,389
0
0
0
2,087,274
0
0
3,814,190
2,426,658
4,571,499
4,571,4992,426,6583,814,190002,087,274000171,389000792,788000
       Net Receivables 
0
0
0
80,105
0
0
0
100,924
0
0
0
167,509
0
0
0
197,296
0
0197,296000167,509000100,92400080,105000
       Other Current Assets 
0
0
0
71,810
0
0
0
88,264
0
0
0
189,091
0
0
0
0
0
00000189,09100088,26400071,810000
   > Long-term Assets 00000000000000000
       Property Plant Equipment 
0
136,526
142,105
139,349
132,841
128,040
125,983
130,698
126,730
123,712
147,430
153,026
148,859
145,950
148,472
152,355
147,816
147,816152,355148,472145,950148,859153,026147,430123,712126,730130,698125,983128,040132,841139,349142,105136,5260
       Goodwill 
85,557
85,557
138,150
138,256
138,256
138,701
138,701
138,701
138,701
138,701
138,701
138,701
138,701
138,701
138,701
138,701
138,701
138,701138,701138,701138,701138,701138,701138,701138,701138,701138,701138,701138,701138,256138,256138,15085,55785,557
       Long Term Investments 
1,880,301
2,705,669
2,552,466
2,673,073
3,668,455
3,663,361
3,659,158
3,581,676
3,441,078
3,947,024
3,984,141
4,518,795
4,127,073
4,090,997
3,828,031
3,908,806
4,611,793
4,611,7933,908,8063,828,0314,090,9974,127,0734,518,7953,984,1413,947,0243,441,0783,581,6763,659,1583,663,3613,668,4552,673,0732,552,4662,705,6691,880,301
       Intangible Assets 
173,991
178,651
214,460
220,708
219,304
220,855
221,154
227,845
223,617
224,954
225,146
223,921
220,570
225,132
233,832
241,195
240,573
240,573241,195233,832225,132220,570223,921225,146224,954223,617227,845221,154220,855219,304220,708214,460178,651173,991
       Other Assets 
0
29,261,301
29,757,082
30,112,800
30,642,474
31,465,325
32,365,235
32,841,270
33,507,866
34,288,892
35,480,245
35,802,943
36,621,013
0
37,623,539
0
0
0037,623,539036,621,01335,802,94335,480,24534,288,89233,507,86632,841,27032,365,23531,465,32530,642,47430,112,80029,757,08229,261,3010
> Total Liabilities 
28,578,803
29,846,263
30,087,903
30,605,465
31,927,791
32,390,352
33,176,944
33,789,291
34,075,432
35,291,790
36,676,371
37,707,167
37,839,590
38,291,902
38,605,622
38,293,436
38,539,336
38,539,33638,293,43638,605,62238,291,90237,839,59037,707,16736,676,37135,291,79034,075,43233,789,29133,176,94432,390,35231,927,79130,605,46530,087,90329,846,26328,578,803
   > Total Current Liabilities 
0
26,557,992
26,882,834
28,618,227
28,820,972
29,121,749
29,680,372
31,358,451
30,406,004
31,464,839
32,533,557
34,914,495
33,272,584
0
33,913,065
0
0
0033,913,065033,272,58434,914,49532,533,55731,464,83930,406,00431,358,45129,680,37229,121,74928,820,97228,618,22726,882,83426,557,9920
       Accounts payable 
0
26,147,086
26,495,412
27,662,752
28,635,312
29,067,025
29,605,018
30,404,624
30,302,691
31,298,278
32,386,014
33,457,227
33,113,849
0
33,672,195
737,711
0
0737,71133,672,195033,113,84933,457,22732,386,01431,298,27830,302,69130,404,62429,605,01829,067,02528,635,31227,662,75226,495,41226,147,0860
       Other Current Liabilities 
0
41,484
26,424
148,741
39,714
36,166
47,227
93,670
62,916
71,253
55,582
58,987
32,762
0
43,687
0
0
0043,687032,76258,98755,58271,25362,91693,67047,22736,16639,714148,74126,42441,4840
   > Long-term Liabilities 00000000000000000
       Other Liabilities 
0
824,673
765,085
28,019
674,181
681,277
647,390
26,096
627,761
691,081
711,893
43,025
758,759
0
841,476
0
0
00841,4760758,75943,025711,893691,081627,76126,096647,390681,277674,18128,019765,085824,6730
       Deferred Long Term Liability 
0
0
0
8,455
0
0
0
13,879
0
0
0
13,590
0
0
0
0
0
0000013,59000013,8790008,455000
> Total Stockholder Equity
2,991,732
3,110,775
3,133,661
3,331,538
3,373,145
3,527,213
3,472,517
3,533,885
3,609,475
3,636,036
3,727,567
3,732,976
3,871,964
3,935,941
3,955,977
4,026,667
4,155,537
4,155,5374,026,6673,955,9773,935,9413,871,9643,732,9763,727,5673,636,0363,609,4753,533,8853,472,5173,527,2133,373,1453,331,5383,133,6613,110,7752,991,732
   Common Stock
0
730,846
730,846
730,846
730,860
732,494
764,959
809,435
839,598
887,764
924,789
956,061
1,002,714
0
1,006,395
0
0
001,006,39501,002,714956,061924,789887,764839,598809,435764,959732,494730,860730,846730,846730,8460
   Retained Earnings 
1,813,124
1,835,601
1,872,320
1,907,739
1,961,718
1,997,018
2,057,169
2,120,795
2,181,053
2,227,355
2,278,921
2,317,146
2,380,149
2,419,393
2,470,679
2,515,719
2,570,852
2,570,8522,515,7192,470,6792,419,3932,380,1492,317,1462,278,9212,227,3552,181,0532,120,7952,057,1691,997,0181,961,7181,907,7391,872,3201,835,6011,813,124
   Capital Surplus 00000000000000000
   Treasury Stock00000000000000000
   Other Stockholders Equity 
0
154,328
140,495
302,953
290,567
407,701
400,389
353,655
338,824
270,917
273,857
209,769
239,101
0
228,903
0
0
00228,9030239,101209,769273,857270,917338,824353,655400,389407,701290,567302,953140,495154,3280



Balance Sheet

Currency in CAD. All numbers in thousands.




Cash Flow

Currency in CAD. All numbers in thousands.




Income Statement

Currency in CAD. All numbers in thousands.


Latest Income Statement (annual, 2023-10-31)

Gross Profit (+$)
totalRevenue1,112,574
Cost of Revenue-0
Gross Profit01,112,574
 
Operating Income (+$)
Gross Profit0
Operating Expense-0
Operating Income00
 
Operating Expense (+$)
Research Development0
Selling General Administrative404,046
Selling And Marketing Expenses0
Operating Expense0404,046
 
Net Interest Income (+$)
Interest Income2,365,472
Interest Expense-1,384,195
Other Finance Cost-0
Net Interest Income981,277
 
Pretax Income (+$)
Operating Income0
Net Interest Income981,277
Other Non-Operating Income Expenses0
Income Before Tax (EBT)474,6500
EBIT - interestExpense = -1,384,195
350,649
1,734,844
Interest Expense1,384,195
Earnings Before Interest and Taxes (EBIT)01,858,845
Earnings Before Interest and Taxes (EBITDA)0
 
After tax Income (+$)
Income Before Tax474,650
Tax Provision-124,001
Net Income From Continuing Ops350,649350,649
Net Income350,649
Net Income Applicable To Common Shares0
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses0
Total Other Income/Expenses Net0-981,277
 

Technical Analysis of Canadian Western Bank
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Canadian Western Bank. The general trend of Canadian Western Bank is BULLISH with 100.0% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Canadian Western Bank's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (100.0%) Bearish trend (-100.0%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of Canadian Western Bank.

The long score for the Support & Resistance is 0/1.
The longshort score for the Support & Resistance is -1/(-1 +1).

  • Around resistance: The price is trading arround resistance levels. This can be considered as a potential exit level. -1

The bullish price targets are: 25.20 < 25.20.

The bearish price targets are: 24.70 > 24.67 > 24.42.

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Canadian Western Bank Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of Canadian Western Bank. The current mas is .

The long score for the Moving Averages is 14/14.
The longshort score for the Moving Averages is 14/(-14 +14).

  • MA 20 trending up: The MA 20 is trending up. +1
  • Close > MA 20: The price is above the MA 20. +1
  • MA 20 > MA 50: The MA 20 is higher than the MA 50. +1
  • MA 20 > MA 100: The MA 20 is higher than the MA 100. +1
  • MA 20 > MA 200: The MA 20 is higher than the MA 200. +1
  • MA 50 trending up: The MA 50 is trending up. +1
  • Close > MA 50: The price is above the MA 50. +1
  • MA 50 > MA 100: The MA 50 is higher than the MA 100. +1
  • MA 50 > MA 200: The MA 50 is higher than the MA 200. +1
  • MA 100 trending up: The MA 100 is trending up. +1
  • Close > MA 100: The price is above the MA 100. +1
  • MA 100 > MA 200: The MA 100 is higher than the MA 200. +1
  • MA 200 trending up: The MA 200 is trending up. +1
  • Close > MA 200: The price is above the MA 200. +1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Canadian Western Bank Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Canadian Western Bank. The current macd is 0.06036944.

The long score for the Moving Average Convergence/Divergence (MACD) is 2/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is 0/(-4 +4).

  • MACD line < signal line: The MACD line is below the signal line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Canadian Western Bank price going down in the near term. -2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for Canadian Western Bank. This means that the short-term moving average is higher than the long-term moving average, signaling positive momentum and suggesting a higher likelihood of the Canadian Western Bank price continuing to rise in the near future. It indicates that buyers are gaining control, and there is optimism in the market, leading to potential price increases. +1
  • Trending up: The MACD line is trending up. This indicates that the short-term moving average is rising faster than the long-term moving average, suggesting positive momentum in the market. This signals that buyers are becoming more active and confident, leading to potential price increases as traders anticipate further gains and are willing to buy at higher prices. +1
Canadian Western Bank Daily Moving Average Convergence/Divergence (MACD) ChartCanadian Western Bank Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of Canadian Western Bank. The current adx is 17.86.

The long score for the Directional Movement Index (DMI) is 2/7.
The longshort score for the Directional Movement Index (DMI) is 2/(-7 +7).

  • PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy Canadian Western Bank shares, leading to potential upward momentum in its price. +1
  • PLUS_ID > MINUS_DI && ADX < 25 && ADX trending up: The ADX is below 25 and indicates a weak or no trend. However, the ADX is rising and a new bullish trend could be forming. +1
Canadian Western Bank Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of Canadian Western Bank. The current sar is 25.17.

The long score for the Parabolic SAR is 0/1.
The longshort score for the Parabolic SAR is -1/(-1 +1).

  • Close < SAR: The price is below the SAR. It's generally considered a bearish signal. -1
Canadian Western Bank Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum indicator, meaning the signals are instant.
  • Ranges between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of Canadian Western Bank. The current rsi is 63.39. The current phase is Continuation in bull market.

The long score for the Relative Strength Index (RSI) is 4/13.
The longshort score for the Relative Strength Index (RSI) is 4/(-13 +13).

  • Continuation in bull market: Uptrend continues after a consolidation or pullback. Hold or add to existing positions.
  • Trending up: The RSI is trending up. +1
Canadian Western Bank Daily Relative Strength Index (RSI) ChartCanadian Western Bank Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading momentum indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of Canadian Western Bank. The current phase is Overbought in bull market.

The long score for the Stochastic Oscillator is 6/6.
The longshort score for the Stochastic Oscillator is 6/(-6 +6).

  • STOCH > 50: The STOCH %K is above 50. There are more buyers than sellers. +1
  • STOCH > 80: The STOCH %K is above 80 and overbought. +2
  • STOCH %K line > STOCH %D line: The STOCH %K line is above the STOCH %D line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Canadian Western Bank price going up in the near term. +2
  • Trending up: The STOCH %K is trending up. +1
Canadian Western Bank Daily Stochastic Oscillator ChartCanadian Western Bank Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero, the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of Canadian Western Bank. The current cci is 142.10.

The long score for the Commodity Channel Index (CCI) is 1/1.
The longshort score for the Commodity Channel Index (CCI) is 1/(-1 +1).

  • CCI > 100: The CCI is above 100, it indicates that the price is significantly above its average, suggesting a potential overbought condition. +1
Canadian Western Bank Daily Commodity Channel Index (CCI) ChartCanadian Western Bank Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Canadian Western Bank. The current cmo is 32.75.

The long score for the Chande Momentum Oscillator (CMO) is 1/1.
The longshort score for the Chande Momentum Oscillator (CMO) is 1/(-1 +1).

  • CMO > 0: The CMO is above 0, the momentum of the price is positive, indicating a potential uptrend in the price. +1
Canadian Western Bank Daily Chande Momentum Oscillator (CMO) ChartCanadian Western Bank Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and -100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of Canadian Western Bank. The current willr is -14.28571429.

The long score for the Williams %R is 1/1.
The longshort score for the Williams %R is 1/(-1 +1).

  • WILLR > -20: The Williams %R is above -20. This indicates that the price is in overbought territory, suggesting a potential price correction or trend reversal to the downside. +1
Canadian Western Bank Daily Williams %R ChartCanadian Western Bank Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold 

Score

Let's take a look at the Bollinger Bands of Canadian Western Bank.

Canadian Western Bank Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of Canadian Western Bank. The current atr is 0.10019559.

Canadian Western Bank Daily Average True Range (ATR) ChartCanadian Western Bank Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of Canadian Western Bank. The current obv is -122,142.

Canadian Western Bank Daily On-Balance Volume (OBV) ChartCanadian Western Bank Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of Canadian Western Bank. The current mfi is 33.32.

The long score for the Money Flow Index (MFI) is 0/2.
The longshort score for the Money Flow Index (MFI) is -1/(-2 +2).

  • MFI < 50: -1
Canadian Western Bank Daily Money Flow Index (MFI) ChartCanadian Western Bank Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Canadian Western Bank.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2023-11-07DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2023-11-08STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-10STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-14STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-15DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2023-11-16WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-11-20DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2023-11-21DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2023-11-22DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-23DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2023-11-24DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2023-11-27STOCH SHORT EXITThe %K line crosses above the %D line.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2023-11-28MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-04DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2023-12-05SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-12-07DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-08STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-11SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-13STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-12-14STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2023-12-15STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-19MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2023-12-22STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-12-27WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-12-29STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-02CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-01-03MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-04CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-01-05STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-08CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-01-10STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-15ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-17STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-18RSI SHORT ENTRY LONG CLOSE70 crossover to downside
2024-01-19STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-01-22RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-01-23STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-25RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-01-29STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-30WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-02-01CCI LONG ENTRY SHORT CLOSE100 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-05STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-08MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-02-09MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-02-12SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-13CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-02-14CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-02-15STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-16STOCH LONG EXITThe %K line crosses below the %D line.
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-02-22STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-23STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-26STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-29STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-01STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-05STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-06CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-03-07SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-08BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2024-03-11MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-03-12MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-13MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-14BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-15STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-20STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-22MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-25ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-26STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-03-27STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-28STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).

6.3. Candlestick Patterns

Canadian Western Bank Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Canadian Western Bank based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5063.386
Ma 20Greater thanMa 5024.965
Ma 50Greater thanMa 10024.874
Ma 100Greater thanMa 20024.437
OpenGreater thanClose25.150
Total4/5 (80.0%)
Penke

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