BANCO DE CHILE-ADR (BCH) Technical Analysis
NYSE:BCH • US0595201064
Current stock price
BCH Technical Rating and Analysis
Taking everything into account, BCH scores 5 out of 10 in our technical rating. BCH was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
- Looking at the yearly performance, BCH did better than 83% of all other 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 88% of 380 stocks in the same industry.
- The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
- BCH is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so BCH is lagging the market slightly.
- In the last month BCH has a been trading in the 36.40 - 43.52 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
BCH Weekly and Daily overview Charts
BCH Setup Rating and Analysis
Although the technical rating is only medium, 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 37.27, 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.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
BCH Support and Resistance Analysis
33.42
We found 2 important support areas.
- A support zone ranging from 37.10 to 37.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @33.76 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- Resistance @43.33 from a horizontal line in the daily time frame.
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 | UP | POSITIVE | The long term trend for BCH is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BCH is down. |
| ChartMill Relative Strength | 83.7 | POSITIVE | BCH has a high relative strength, it outperformed 83.7% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BCH is below a declining 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) | 44.38 | NEUTRAL | The RSI value for BCH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests BCH has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 38.91 | NEUTRAL | The Stochastics value for BCH is a neutral value. |
| Average True Range in percent/ATR (20) | 4.18 | MEDIUM VOLATILITY | The ATR as a percentage value for BCH suggests some volalility. |
| Average Directional Index/ADX (14) | 22.73 | NEUTRAL | The ADX value for BCH suggests a possible start of a new trend. |
BCH Chart- and CandleStick Pattern Analysis
BCH Technicals: Chart, Performance Metrics, Trend & Indicators
38.47
+1.19 (+3.19%)
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 5 / 10 to BCH.
What is the trend direction for BCH stock?
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 44.378. This indicates that the stock is currently neutral.
Can you provide the short term momentum for BANCO DE CHILE-ADR?
The short term momentum for BANCO DE CHILE-ADR (BCH) is negative.
Can you provide the support and resistance levels for BANCO DE CHILE-ADR?
BANCO DE CHILE-ADR (BCH) has a support level at 37.27 and a resistance level at 43.33. Check the full technical report for our detailed analysis of BCH support and resistance levels.