BANCO DE CHILE-ADR (BCH) Technical Analysis
NYSE:BCH • US0595201064
Current stock price
BCH Technical Rating and Analysis
We assign a technical rating of 2 out of 10 to BCH. BCH has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- BCH is part of the Banks industry. There are 376 other stocks in this industry, of which 69% are performing better than BCH.
- In the last month BCH has a been trading in the 35.82 - 42.20 range, which is quite wide. It is currently trading near the lows of this range.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- 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 49% of all stocks.
- BCH is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BCH is lagging the market.
BCH Weekly and Daily overview Charts
BCH Setup Rating and Analysis
Although the technical rating is bad, BCH does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 36.77, a Stop Loss order could be placed below this zone.
More info and screens
BCH Support and Resistance Analysis
34.31
2 important support areas can be observed.
- A support zone ranging from 35.61 to 36.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @34.66 from a trend line in the weekly time frame.
When analyzing the resistance we notice 4 important areas.
- Resistance @37.38 from a trend line in the weekly time frame.
- A resistance zone ranging from 38.25 to 38.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @40.56 from a trend line in the daily time frame.
- A resistance zone ranging from 41.52 to 41.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
BCH 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.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for BCH is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BCH is down. |
| ChartMill Relative Strength | 49.42 | NEUTRAL | BCH is not amongst the best or worst performers 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) | DOWN | NEGATIVE | The current price of BCH is below a declining 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) | 43.27 | NEUTRAL | The RSI value for BCH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.2 | NEGATIVE | The MACD value suggests BCH has a negative trend. |
| Stochastics (14,3) | 10.3 | OVERSOLD | The low Stochastics value suggests BCH may be oversold. |
| Average True Range in percent/ATR (20) | 3.25 | MEDIUM VOLATILITY | The ATR as a percentage value for BCH suggests some volalility. |
| Average Directional Index/ADX (14) | 14.85 | NEGATIVE | The low ADX value for BCH suggests a weak or negative trend. |
BCH Chart- and CandleStick Pattern Analysis
BCH Technicals: Chart, Performance Metrics, Trend & Indicators
37.05
-0.82 (-2.17%)
BANCO DE CHILE-ADR / BCH TA FAQ
What is the ChartMill technical rating of BANCO DE CHILE-ADR (BCH) stock?
ChartMill assigns a technical rating of 2 / 10 to BCH.
What is the trend direction for BCH stock?
The current trend direction for BANCO DE CHILE-ADR (BCH) is Bearish.
What is the RSI signal for BCH stock?
BANCO DE CHILE-ADR (BCH) has an RSI value of 43.2723. This indicates that the stock is currently neutral.
What is the short term momentum for BANCO DE CHILE-ADR (BCH) stock?
The short term momentum for BANCO DE CHILE-ADR (BCH) is negative.