BANCO DE CHILE-ADR (BCH) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:BCH - US0595201064 - ADR
Overall BCH gets a technical rating of 10 out of 10. 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, it does not present a decent entry opportunity 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
30.03
5 important support areas can be observed.
- A support zone ranging from 36.86 to 39.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @36.13 from a horizontal line in the daily time frame.
- Support @33.80 from a trend line in the daily time frame.
- Support @31.94 from a trend line in the weekly time frame.
- Support @30.33 from a trend line in the weekly 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 | UP | POSITIVE | The short term trend for BCH is up. |
| ChartMill Relative Strength | 92.64 | POSITIVE | BCH has a high relative strength, it outperformed 92.64% 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) | 69.2 | NEUTRAL | The RSI value for BCH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.22 | POSITIVE | The MACD value suggests BCH has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 90.15 | OVERBOUGHT | The high Stochastics value suggests BCH may be overbought. |
| Average True Range in percent/ATR (20) | 1.8 | LOW VOLATILITY | The low ATR as a percentage value for BCH suggests low volalility. |
| Average Directional Index/ADX (14) | 38.08 | POSITIVE | The high ADX value value for BCH suggests a strong trend. |
40.85
-0.37 (-0.9%)
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.
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 69.2029. 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 positive.
Can you provide the support and resistance levels for BANCO DE CHILE-ADR?
BANCO DE CHILE-ADR (BCH) has a support level at 39.63. Check the full technical report for our detailed analysis of BCH support and resistance levels.