CREDICORP LTD (BAP) Stock Technical Analysis
NYSE:BAP - BMG2519Y1084 - Common Stock
251.11 USD
+2.04 (+0.82%)
251.11 USD
0 (0%)
We assign a technical rating of 10 out of 10 to BAP. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, BAP is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, BAP did better than 89% of all other stocks. On top of that, BAP also shows a nice and consistent pattern of rising prices.
BAP is part of the Banks industry. There are 393 other stocks in this industry. BAP outperforms 96% of them.
BAP is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month BAP has a been trading in the 230.25 - 255.39 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days.
BAP has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
179.94
255.76
6 important support areas can be observed.
- Support @240.22 from a trend line in the daily time frame.
- A support zone ranging from 228.87 to 231.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 220.55 to 222.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @216.13 from a horizontal line in the daily time frame.
- Support @192.13 from a trend line in the weekly time frame.
- Support @181.76 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 251.89 to 253.23. 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 | UP | POSITIVE | The short term trend for BAP is up. |
| ChartMill Relative Strength | 89.9 | POSITIVE | BAP has a high relative strength, it outperformed 89.9% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BAP is above the rising 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) | 69.35 | NEUTRAL | The RSI value for BAP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.28 | NEGATIVE | The MACD value suggests BAP has a negative trend. |
| Stochastics (14,3) | 76.73 | NEUTRAL | The Stochastics value for BAP is a neutral value. |
| Average True Range in percent/ATR (20) | 2.22 | MEDIUM VOLATILITY | The ATR as a percentage value for BAP suggests some volalility. |
| Average Directional Index/ADX (14) | 39.84 | POSITIVE | The high ADX value value for BAP suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 253.24 | 241.20 | 12.04 (4.75%) | 21.03% |
| An entry @253.24. This is a Buy Stop order right above the resistance zone. | An exit @241.20. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 12.04 points, which is 4.75%. | For a 1.00% total portfolio risk, you can invest 21.03% of your capital in this trade. |
- 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.
251.11
+2.04 (+0.82%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg0.82%
1 Week0.3%
2 Weeks2.08%
1 Month5.9%
3 Month22.95%
6 Month40.31%
12 Month48.02%
2 Year77.55%
3 Year94.83%
5 Year92.45%
10 Year128.32%
15 Year138.58%
Volatility
ATR(14)5.37
ATR(20)%2.22%
ATR Inc13.4%
Range Today7.44
ADR(20)5.55
ADR(20)%2.21%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.9
Mansfield1.77
10 Day High255.39
10 Day Low241.21
20 Day High255.39
20 Day Low230.25
52 Week High255.39
52 Week Low165.51
CS1 End240.22
CR1 Start251.89
Volume & EV
DER(3)-1.74%
DER(5)-0.29%
Volume394.10K
Volume Incr65%
Vol(5)553.62K
Vol(50)334.57K