CREDICORP LTD (BAP) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:BAP - BMG2519Y1084 - Common Stock
We assign a technical rating of 7 out of 10 to BAP. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
Besides having an excellent technical rating, BAP also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 255.80, a Stop Loss order could be placed below this zone.
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179.94
We found 3 important support areas.
- A support zone ranging from 247.84 to 255.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @194.68 from a trend line in the weekly time frame.
- Support @181.76 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 258.47 to 258.58. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 266.20 to 267.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for BAP is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BAP is neutral. |
| ChartMill Relative Strength | 84.62 | POSITIVE | BAP has a high relative strength, it outperformed 84.62% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of BAP is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BAP is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BAP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.57 | NEUTRAL | The RSI value for BAP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests BAP has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 71.47 | NEUTRAL | The Stochastics value for BAP is a neutral value. |
| Average True Range in percent/ATR (20) | 2.74 | MEDIUM VOLATILITY | The ATR as a percentage value for BAP suggests some volalility. |
| Average Directional Index/ADX (14) | 31.81 | POSITIVE | The high ADX value value for BAP suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 258.59 | 247.83 | 10.76 (4.16%) | 24.03% |
| An entry @258.59. This is a Buy Stop order right above the resistance zone. | An exit @247.83. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 10.76 points, which is 4.16%. | For a 1.00% total portfolio risk, you can invest 24.03% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of BAP. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
257.21
+1.34 (+0.52%)
CREDICORP LTD / BAP FAQ
What is the ChartMill technical rating of CREDICORP LTD (BAP) stock?
ChartMill assigns a technical rating of 7 / 10 to BAP.
Can you provide the trend direction for CREDICORP LTD?
The current trend direction for CREDICORP LTD (BAP) is Bullish.
What is the RSI signal for BAP stock?
CREDICORP LTD (BAP) has an RSI value of 50.5716. This indicates that the stock is currently neutral.
What is the short term momentum for BAP stock?
The short term momentum for CREDICORP LTD (BAP) is neutral.
What are the support and resistance levels for CREDICORP LTD (BAP) stock?
CREDICORP LTD (BAP) has a support level at 255.8 and a resistance level at 258.47. Check the full technical report for our detailed analysis of BAP support and resistance levels.