BANCO DE CHILE-ADR (BCH) Stock Technical Analysis
NYSE:BCH - New York Stock Exchange, Inc. - US0595201064 - ADR - Currency: USD
Overall BCH gets a technical rating of 10 out of 10. Both in the recent history as in the last year, BCH has proven to be a steady performer, scoring decent points in every aspect analyzed.
In the last month BCH has a been trading in the 29.46 - 31.84 range, which is quite wide. It is currently trading near the lows of this range.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
When comparing the yearly performance of all stocks, we notice that BCH is one of the better performing stocks in the market, outperforming 86% of all stocks. On top of that, BCH also shows a nice and consistent pattern of rising prices.
BCH is one of the better performing stocks in the Banks industry, it outperforms 79% of 396 stocks in the same industry.
BCH is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so BCH is performing more or less in line with the market.
BCH has an excellent technical rating, but the quality of the setup is only medium 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.
More info and screens
21.67
32.01
We found 6 important support areas.
- A support zone ranging from 30.20 to 30.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @28.07 from a trend line in the weekly time frame.
- Support @25.64 from a trend line in the daily time frame.
- Support @23.10 from a trend line in the weekly time frame.
- Support @22.63 from a horizontal line in the weekly time frame.
- Support @21.89 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 30.77 to 31.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @31.69 from a horizontal line 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 BCH is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BCH is neutral. |
| ChartMill Relative Strength | 86.42 | POSITIVE | BCH has a high relative strength, it outperformed 86.42% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of BCH is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BCH is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BCH is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.14 | NEUTRAL | The RSI value for BCH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.23 | NEGATIVE | The MACD value suggests BCH has a negative trend. |
| Stochastics (14,3) | 21.82 | NEUTRAL | The Stochastics value for BCH is a neutral value. |
| Average True Range in percent/ATR (20) | 1.87 | LOW VOLATILITY | The low ATR as a percentage value for BCH suggests low volalility. |
| Average Directional Index/ADX (14) | 19.94 | NEGATIVE | The low ADX value for BCH suggests a weak or negative 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)
30.21
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg0%
1 Week-2.8%
2 Weeks-3.11%
1 Month2.41%
3 Month10.74%
6 Month29.21%
12 Month28.44%
2 Year44.13%
3 Year65.72%
5 Year71.16%
10 Year38.56%
15 Year51.81%
Volatility
ATR(14)0.54
ATR(20)%1.87%
ATR Inc-4.89%
Range Today0.48
ADR(20)0.55
ADR(20)%1.82%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.42
Mansfield1.51
10 Day High31.57
10 Day Low29.81
20 Day High31.84
20 Day Low29.46
52 Week High31.84
52 Week Low22.06
CS1 End30.2
CR1 Start30.77
Volume & EV
DER(3)-1.73%
DER(5)-1.18%
Volume737.70K
Volume Incr67.59%
Vol(5)458.12K
Vol(50)349.66K