BANCO DE CHILE-ADR (BCH) Stock Technical Analysis
USA - NYSE:BCH - US0595201064 - ADR
29.73 USD
+0.39 (+1.33%)
29.73 USD
0 (0%)
We assign a technical rating of 5 out of 10 to BCH. In the last year, BCH was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
BCH 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 BCH is lagging the market slightly.
When comparing the performance of all stocks over the past year, BCH turns out to be only a medium performer in the overall market: it outperformed 61% of all stocks.
BCH is part of the Banks industry. There are 392 other stocks in this industry, BCH did better than 52% of them.
In the last month BCH has a been trading in the 28.26 - 31.11 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is only medium, BCH does present a nice setup opportunity. 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 29.52, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for BCH in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- 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
21.67
32.01
5 important support areas can be observed.
- A support zone ranging from 28.85 to 29.52. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @28.30 from a trend line in the daily time frame.
- A support zone ranging from 27.32 to 27.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 22.63 to 22.97. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @21.89 from a horizontal line in the weekly time frame.
3 important resistance areas can be observed.
- Resistance @30.42 from a horizontal line in the daily time frame.
- Resistance @31.18 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 31.69 to 31.69. This zone is formed by a combination of multiple trend lines 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 | 61.46 | NEUTRAL | BCH is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BCH is above 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) | 52.93 | NEUTRAL | The RSI value for BCH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests BCH has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 36.16 | NEUTRAL | The Stochastics value for BCH is a neutral value. |
| Average True Range in percent/ATR (20) | 2.04 | MEDIUM VOLATILITY | The ATR as a percentage value for BCH suggests some volalility. |
| Average Directional Index/ADX (14) | 26.29 | POSITIVE | The high ADX value value for BCH 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)
29.73
+0.39 (+1.33%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg1.33%
1 Week-0.6%
2 Weeks0%
1 Month2.45%
3 Month0.24%
6 Month11.81%
12 Month16.5%
2 Year47.18%
3 Year68.25%
5 Year96.63%
10 Year42.02%
15 Year-0.75%
Volatility
ATR(14)0.67
ATR(20)%2.04%
ATR Inc-25.23%
Range Today0.41
ADR(20)0.59
ADR(20)%1.99%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS61.46
Mansfield-0.1
10 Day High31.11
10 Day Low29.11
20 Day High31.11
20 Day Low28.26
52 Week High31.84
52 Week Low22.06
CS1 End29.52
CR1 Start30.42
Volume & EV
DER(3)3.37%
DER(5)1.71%
Volume479.50K
Volume Incr15.62%
Vol(5)338.18K
Vol(50)321.37K