BANCO DE CHILE-ADR (BCH) Stock Technical Analysis
NYSE:BCH - New York Stock Exchange, Inc. - US0595201064 - ADR - Currency: USD
We assign a technical rating of 5 out of 10 to BCH. BCH has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
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.
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.
In the last month BCH has a been trading in the 27.08 - 29.80 range, which is quite wide. It is currently trading near the high of this range.
When compared to the yearly performance of all other stocks, BCH outperforms 56% of them, which is more or less in line with the market.
BCH is part of the Banks industry. There are 394 other stocks in this industry, BCH did better than 54% of them.
BCH has an average technical rating and the quality of the presented setup is also not ideal 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
When analyzing the support we can see 5 important areas.
- A support zone ranging from 28.30 to 29.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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.
- Support @23.52 from a trend line in the weekly time frame.
- A support zone ranging from 22.63 to 22.84. 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.
2 important resistance areas can be observed.
- Resistance @31.18 from a horizontal line in the weekly time frame.
- 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 | NEUTRAL | NEUTRAL | The long term trend for BCH is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BCH is up. |
| ChartMill Relative Strength | 56.98 | 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) | DOWN | MIXED | The current price of BCH is above 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) | 56.45 | NEUTRAL | The RSI value for BCH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.23 | POSITIVE | The MACD value suggests BCH has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 81.71 | OVERBOUGHT | The high Stochastics value suggests BCH may be overbought. |
| Average True Range in percent/ATR (20) | 1.85 | LOW VOLATILITY | The low ATR as a percentage value for BCH suggests low volalility. |
| Average Directional Index/ADX (14) | 19.52 | 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)
29.3
+0.32 (+1.1%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg1.1%
1 Week1.07%
2 Weeks6.2%
1 Month3.17%
3 Month-6.03%
6 Month9.45%
12 Month18.34%
2 Year34.28%
3 Year52.52%
5 Year74.72%
10 Year40.6%
15 Year8.33%
Volatility
ATR(14)0.58
ATR(20)%1.85%
ATR Inc-5.33%
Range Today0.35
ADR(20)0.51
ADR(20)%1.73%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS56.98
Mansfield0.12
10 Day High29.81
10 Day Low27.69
20 Day High29.81
20 Day Low27.08
52 Week High31.84
52 Week Low22.06
CS1 End29.09
CR1 Start31.18
Volume & EV
DER(3)-0.05%
DER(5)-2.63%
Volume168.30K
Volume Incr-34.13%
Vol(5)241.14K
Vol(50)307.04K