CREDICORP LTD (BAP) Stock Technical Analysis
NYSE:BAP - New York Stock Exchange, Inc. - BMG2519Y1084 - Common Stock - Currency: USD
We assign a technical rating of 10 out of 10 to BAP. Both in the recent history as in the last year, BAP has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that BAP is one of the better performing stocks in the market, outperforming 85% of all stocks.
BAP is part of the Banks industry. There are 395 other stocks in this industry. BAP outperforms 84% of them.
BAP is currently making a new 52 week high. This is a strong signal. 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 209.46 - 225.68 range, which is quite wide. It is currently trading near the high of this range.
Besides having an excellent technical rating, BAP also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 218.89, a Stop Loss order could be placed below this zone.
More info and screens
173.39
226.15
When analyzing the support we can see 5 important areas.
- A support zone ranging from 217.11 to 219.51. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @193.49 from a horizontal line in the daily time frame.
- Support @186.88 from a trend line in the weekly time frame.
- A support zone ranging from 180.12 to 180.42. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Strong support @175.14 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 223.91 to 223.91. 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 | 85.23 | POSITIVE | BAP has a high relative strength, it outperformed 85.23% 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) | 67.11 | NEUTRAL | The RSI value for BAP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests BAP has a positive trend. |
| Stochastics (14,3) | 92.53 | OVERBOUGHT | The high Stochastics value suggests BAP may be overbought. |
| Average True Range in percent/ATR (20) | 1.95 | LOW VOLATILITY | The low ATR as a percentage value for BAP suggests low volalility. |
| Average Directional Index/ADX (14) | 25.35 | 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 |
|---|---|---|---|
| 223.92 | 216.26 | 7.66 (3.42%) | 25.00% |
| An entry @223.92. This is a Buy Stop order right above the resistance zone. | An exit @216.26. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 7.66 points, which is 3.42%. | For a 0.86% total portfolio risk, you can invest 25.00% 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.
223.52
-0.38 (-0.17%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-0.17%
1 Week3.42%
2 Weeks2.86%
1 Month5.53%
3 Month25.05%
6 Month21.23%
12 Month36.95%
2 Year51.4%
3 Year86.41%
5 Year67.22%
10 Year60.9%
15 Year145.92%
Volatility
ATR(14)4.07
ATR(20)%1.95%
ATR Inc-32.06%
Range Today3.18
ADR(20)4.26
ADR(20)%1.91%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.23
Mansfield1.1
10 Day High225.68
10 Day Low213.75
20 Day High225.68
20 Day Low209.46
52 Week High225.68
52 Week Low153.27
CS1 End218.89
CR1 Start223.91
Volume & EV
DER(3)2.37%
DER(5)1.41%
Volume239.50K
Volume Incr-31.4%
Vol(5)255.78K
Vol(50)307.59K