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CORPBANCA (BCA) Stock Technical Analysis

USA - NYSE:BCA -

13.75
+0.27 (+2%)
Last: 3/31/2016, 8:34:43 PM
Technical Rating and Analysis

7

We assign a technical rating of 7 out of 10 to BCA. BCA has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.

Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month BCA has a been trading in the 12.00 - 13.88 range, which is quite wide. It is currently trading near the high of this range.
When comparing the performance of all stocks over the past year, BCA turns out to be only a medium performer in the overall market: it outperformed 46% of all stocks.
BCA is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BCA is lagging the market.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Weekly and Daily overview Charts
CORPBANCA / BCA Weekly stock chart
CORPBANCA / BCA Daily stock chart
Setup Rating and Analysis

2

Although BCA has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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Support and Resistance Analysis

11.85

16.61

When analyzing the support we can see 2 important areas.

  • A support zone ranging from 12.41 to 12.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 11.97 to 12.12. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.

We can see 2 important resistance areas.

  • A resistance zone ranging from 13.76 to 13.76. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Resistance @16.45 from a trend line in the weekly time frame.

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Technical Indicator Signal Analysis

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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorNEUTRALNEUTRALThe long term trend for BCA is neutral.
ChartMill Short Term Trend IndicatorUPPOSITIVEThe short term trend for BCA is up.
ChartMill Relative Strength46.89NEUTRALBCA is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)UPPOSITIVEThe current price of BCA is above the rising SMA(20).
Simple Moving Average/SMA (50)UPPOSITIVEThe current price of BCA is above the rising SMA(50).
Simple Moving Average/SMA (200)DOWNMIXEDThe current price of BCA is above a declining SMA(200).
Relative Strength Index/RSI (14)68.95NEUTRALThe RSI value for BCA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)0.07POSITIVEThe MACD value suggests BCA has a positive trend.
Stochastics (14,3)87.42OVERBOUGHTThe high Stochastics value suggests BCA may be overbought.
Average True Range in percent/ATR (20)2.86MEDIUM VOLATILITYThe ATR as a percentage value for BCA suggests some volalility.
Chart- and CandleStick Pattern Analysis
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)

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CORPBANCA / BCA Daily stock chart

CORPBANCA

NYSE:BCA (3/31/2016, 8:34:43 PM)

13.75

+0.27 (+2%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg2%
1 Week6.01%
2 Weeks9.47%
1 Month14.77%
3 Month17.52%
6 Month2.15%
12 Month-17.81%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.41
ATR(20)%2.86%
ATR Inc58.65%
Range Today0.26
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS46.89
3 months CRSN/A
6 months CRSN/A
Mansfield-0.44
10 Day High13.88
10 Day Low12.76
20 Day High13.88
20 Day Low12
52 Week High18.99
52 Week Low10.58
CS1 End12.78
CR1 Start13.76
Volume & EV
DER(3)6.69%
DER(5)2.3%
Volume112.60K
Volume Incr-25.05%
Vol(5)65.40K
Vol(50)102.34K

CORPBANCA / BCA FAQ

Can you provide the ChartMill technical rating for CORPBANCA?

ChartMill assigns a technical rating of 7 / 10 to BCA.


Can you provide the trend direction for CORPBANCA?

The current trend direction for CORPBANCA (BCA) is Bearish.


What is the RSI signal for BCA stock?

CORPBANCA (BCA) has an RSI value of 68.9503. This indicates that the stock is currently neutral.


What is the short term momentum for BCA stock?

The short term momentum for CORPBANCA (BCA) is positive.