BANCO DE CHILE-ADR (BCH) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:BCH - US0595201064 - ADR
Taking everything into account, BCH scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, BCH is showing a nice and steady performance.
Although BCH has an excellent technical rating, the quality of the presented setup is 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
We found 6 important support areas.
- A support zone ranging from 37.09 to 38.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @32.72 from a trend line in the daily time frame.
- Support @31.22 from a trend line in the weekly time frame.
- Support @29.87 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.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 38.85 to 38.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The short term trend for BCH is up. |
| ChartMill Relative Strength | 93.14 | POSITIVE | BCH has a high relative strength, it outperformed 93.14% off all stocks 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) | 61.49 | 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. |
| Stochastics (14,3) | 79.51 | NEUTRAL | The Stochastics value for BCH is a neutral value. |
| Average True Range in percent/ATR (20) | 1.93 | LOW VOLATILITY | The low ATR as a percentage value for BCH suggests low volalility. |
| Average Directional Index/ADX (14) | 43.54 | POSITIVE | The high ADX value value for BCH suggests a strong trend. |
38.32
-0.52 (-1.34%)
BANCO DE CHILE-ADR / BCH FAQ
What is the ChartMill technical rating of BANCO DE CHILE-ADR (BCH) stock?
ChartMill assigns a technical rating of 10 / 10 to BCH.
Can you provide the trend direction for BANCO DE CHILE-ADR?
The current trend direction for BANCO DE CHILE-ADR (BCH) is Bullish.
Can you provide the RSI signal for BANCO DE CHILE-ADR?
BANCO DE CHILE-ADR (BCH) has an RSI value of 61.4904. This indicates that the stock is currently neutral.
What is the MACD signal for BANCO DE CHILE-ADR (BCH) stock?
The MACD indicator for BANCO DE CHILE-ADR (BCH) has a value of -0.0682108, indicating a bearish trend.
What is the buy/sell signal for BANCO DE CHILE-ADR (BCH) stock?
The buy/sell signal for BANCO DE CHILE-ADR (BCH) is buy as both the short term and long term trends are positive.