Bankwell Financial Group Inc

BWFG remains in a Stage 2 uptrend following a strong momentum breakout, supported by rising EMAs and constructive volume. However, the asset is currently extended and overbought, warranting patience for a pullback into support areas around the 9/21 EMAs near prior resistance. We recommend stalking potential entries rather than chasing the recent surge.

• ↑Q2 net income rose to $12.4M ($1.52/share), up from $11.3M
• ↑Loan originations hit $190M in Q1 and $93M in Q2, signaling strong pipeline
• ↓Management cut loan growth guidance to flat amid record payoffs