CREDICORP LTD (BAP) Technical Analysis
NYSE:BAP • BMG2519Y1084
Taking everything into account, BAP scores 8 out of 10 in our technical rating. 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.
- When comparing the yearly performance of all stocks, we notice that BAP is one of the better performing stocks in the market, outperforming 92% of all stocks. We also observe that the gains produced by BAP over the past year are nicely spread over this period.
- BAP is one of the better performing stocks in the Banks industry, it outperforms 99% of 379 stocks in the same industry.
- BAP is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so BAP is lagging the market slightly.
- The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
- In the last month BAP has a been trading in the 318.14 - 364.57 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
BAP has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 330.71, a Stop Loss order could be placed below this zone.
More info and screens
199.79
We found 5 important support areas.
- A support zone ranging from 329.80 to 330.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @280.65 from a trend line in the weekly time frame.
- Support @269.52 from a trend line in the daily time frame.
- Support @249.07 from a horizontal line in the daily time frame.
- Support @201.81 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 346.06 to 349.30. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
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 | DOWN | NEGATIVE | The short term trend for BAP is down. |
| ChartMill Relative Strength | 92.56 | POSITIVE | BAP has a high relative strength, it outperformed 92.56% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BAP is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BAP is above the rising 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) | 45.47 | NEUTRAL | The RSI value for BAP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -3.1 | NEGATIVE | The MACD value suggests BAP has a negative trend. |
| Stochastics (14,3) | 40.34 | NEUTRAL | The Stochastics value for BAP is a neutral value. |
| Average True Range in percent/ATR (20) | 3.69 | MEDIUM VOLATILITY | The ATR as a percentage value for BAP suggests some volalility. |
| Average Directional Index/ADX (14) | 21.88 | NEUTRAL | The ADX value for BAP suggests a possible start of a new 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 |
|---|---|---|---|
| 349.31 | 329.79 | 19.52 (5.59%) | 17.89% |
| An entry @349.31. This is a Buy Stop order right above the resistance zone. | An exit @329.79. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 19.52 points, which is 5.59%. | When investing 17.89% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
BAP Technicals: Chart, Performance Metrics, Trend & Indicators
334.18
-5.05 (-1.49%)
CREDICORP LTD / BAP FAQ
What is the ChartMill technical rating of CREDICORP LTD (BAP) stock?
ChartMill assigns a technical rating of 8 / 10 to BAP.
What is the trend direction for BAP stock?
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 45.468. This indicates that the stock is currently neutral.
What is the MACD signal for BAP stock?
The MACD indicator for CREDICORP LTD (BAP) has a value of -3.10392, indicating a bearish trend.
Can you provide the support and resistance levels for CREDICORP LTD?
CREDICORP LTD (BAP) has a support level at 330.71 and a resistance level at 346.06. Check the full technical report for our detailed analysis of BAP support and resistance levels.