BANCO COMERCIAL PORTUGUES-R (BCP.LS)

PTBCP0AM0015 - Common Stock

0.2627  +0 (+1.82%)

Technical Rating and Analysis

10

We assign a technical rating of 10 out of 10 to BCP. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, BCP is showing a nice and steady performance.

The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that BCP is one of the better performing stocks in the market, outperforming 98% of all stocks. On top of that, BCP also shows a nice and consistent pattern of rising prices.
BCP is part of the Banks industry. There are 91 other stocks in this industry. BCP outperforms 95% of them.
BCP is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so BCP is leading the market.
In the last month BCP has a been trading in the 0.24 - 0.27 range, which is quite wide. It is currently trading near the high of this range.
BCP has an average volume of 60762300 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Statistics
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS98.93
Mansfield2.63
10 Day High0.27
10 Day Low0.24
20 Day High0.27
20 Day Low0.24
52 Week High0.27
52 Week Low0.12
Performance
1 Week1.08%
2 Weeks7.62%
1 Month5.21%
3 Month25.69%
6 Month40.93%
12 Month92.31%
Weekly and Daily overview Charts
BCP Weekly chart
BCP Daily chart
Setup Rating and Analysis

8

BCP has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. Another positive sign is the recent Pocket Pivot signal.

  • A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
Support and Resistance Analysis

0.24

0.27

3 important support areas can be observed.

  • A support zone ranging from 0.26 to 0.26. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
  • A support zone ranging from 0.25 to 0.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 0.24 to 0.24. This zone is formed by a combination of multiple trend lines in multiple time frames.

Example Setup

Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.

ENTRYEXITDISTANCECAPITAL
0.280.250.03 (9.39%)10.65%
An entry @0.28. This is a Buy Stop order right above the 10 day high.An exit @0.25. This is a Stop Loss order right below the support zone.The trade has a worst case loss of 0.03 points, which is 9.39%.When investing 10.65% of your capital in this trade, your total portfolio risk will be 1.00%.

  • The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
  • This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
BCP Daily chart

BANCO COMERCIAL PORTUGUES-R

ELI:BCP (9/22/2023, 7:00:00 PM)

0.2627

+0 (+1.82%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg1.82%
1 Week1.08%
2 Weeks7.62%
1 Month5.21%
3 Month25.69%
6 Month40.93%
12 Month92.31%
Volatility
ATR(14)0.01
ATR(20)%2.56%
ATR Inc-6.8%
Range Today0.01
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS98.93
Mansfield2.63
10 Day High0.27
10 Day Low0.24
20 Day High0.27
20 Day Low0.24
52 Week High0.27
52 Week Low0.12
CS1 End0.26
CR1 StartN/A
Volume & EV
DER(3)0.76%
DER(5)0.47%
Volume121.90M
Volume Incr-11.71%
Vol(5)49.96M
Vol(50)60.76M