Resistance

Daily

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>PACW stock price has been consolidating inside the horizontal price range of $8.52 and $7.44 over the daily time frame chart.</a> </li> 
 <li> <span>2</span> <a>PACW stock price is below the key moving averages showing neutrality on the charts.</a> </li> 
</ul> 
<p>PACW stock price prediction suggests bears and bulls are yet to gain a proper grasp on the trend. Investors might prefer to wait for a confluence of multiple technical indicators in order to decide the direction of the trend. There is a slight increase in the green candles of volume which suggests the PacWest Bancorp price is attracting buyers at the demand zone.</p> 
<p>Investor sentiments regarding the PACW price are indecisive at present and may remain negative unless the buyers start stepping into the price action with substantial momentum. However, according to the technical indicators and price action, the odds are lining in the bears’ favor.</p> 
<p>PACW stock price needs to attract buyers to surge towards the upper trendline of the consolidation phase over the daily time frame chart. Meanwhile, the PACW share price is trying to gather support and surge towards 20, 50, 100, and 200-day Daily Moving Averages. PACW shares have been consolidating inside the horizontal price range of $8.52 and $7.44.&nbsp;</p> 
<p>Nevertheless, PACW stock price rose around 1.46%. Also, the PacWest Bancorp share price shed around 6.35% in the last three months and 17.97% over the last six months. However, the PACW stock chart shows a declining streak in previous months. However, analysts believe that the share price may bounce back from the lower levels.</p> 
<h2 class="wp-block-heading" id="strong-pacw-stock-price-has-been-consolidating-inside-the-price-range-strong"><strong>PACW Stock Price Has Been Consolidating Inside the Price Range</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh3.googleusercontent.com/DXTfkTeyerAE_gATUA4LlBtQdP-suJyeP4vCtVuprahzBfuZcWt5kk2XtZhzpEjcOvBetpWYmpbNYJvtr-Mi7xLjUpolmHnuC4-t0vro2WLhbyCbPL4C8D0tYB94rEHo6DW_wbgAa4YW9hjih7NSSw4" alt="PACW Stock: Will PacWest Bancorp Stock Break the Level of $8.52?"> 
  <figcaption class="wp-element-caption">
    Source: PACW.1D.NYSE by <a href="https://www.tradingview.com/x/sbv9pJ0d/" rel="noopener noreferrer nofollow">TradingView</a>&nbsp; 
  </figcaption> 
 </figure> 
</div> 
<p>PACW <a href="https://www.thecoinrepublic.com/2023/09/06/pacw-stock-forecast-price-targets-for-pacwest-bancorp-in-2023/" rel="noopener noreferrer nofollow">stock </a>price must initiate its recovery rally to reach the upper threshold of the consolidation phase. However, the PACW shares need to accumulate buyers in order to surge towards its recovery phase. Meanwhile, the PACW share price slipped below the 20, 50, 100, and 200-day daily moving averages.</p> 
<p>Moreover, PACW shares must break out from the consolidation phase over the daily time frame chart.</p> 
<p>Technical indicators highlight the consolidation phase of the PACW share price. Relative strength index (RSI) showcases the sideways momentum of PACW shares. RSI was at 43 and is heading towards the oversold territory.&nbsp;</p> 
<p>MACD exhibits the consolidation phase of the PACW share price. The MACD line is flat above the signal line waiting for any type of crossover. Investors in PACW stock need to wait for any directional change over the daily time frame chart.</p> 
<h4 class="wp-block-heading"><strong>Summary</strong></h4> 
<p>On the daily time frame chart, the PACW stock price has been consolidated between the horizontal price range. However, in order to accelerate towards its recovery phase, PACW shares must amass purchasers. Technical indicators point to a period of price consolidation for the <a href="https://www.thecoinrepublic.com/2023/09/06/pacw-stock-forecast-price-targets-for-pacwest-bancorp-in-2023/" rel="noopener noreferrer nofollow">PacWest Bancorp stock.</a> Investors in PACW stock must watch the daily time frame chart for any directional changes. However, investors and traders should wait for proper setup for the next move and avoid FOMO.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<ul> 
 <li><strong>Support Levels:</strong> $7.49 and $7.08</li> 
</ul> 
<ul> 
 <li><strong>Resistance Levels:</strong> $7.94 and $8.35.</li> 
</ul> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The analysis provided in this article is for informational and educational purposes only. Do not rely on this information as financial, investment, or trading advice. Investing and trading in stock involves risk. Please assess your situation and risk tolerance before making any investment decisions.</p>

PACW Stock: Will PacWest Bancorp Stock Break the Level of $8.52?

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