BANCO LATINOAMERICANO COME-E (BLX) Technical Analysis
NYSE:BLX • PAP169941328
Current stock price
BLX Technical Rating and Analysis
We assign a technical rating of 9 out of 10 to BLX. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, BLX is showing a nice and steady performance.
- The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- When comparing the yearly performance of all stocks, we notice that BLX is one of the better performing stocks in the market, outperforming 79% of all stocks. On top of that, BLX also shows a nice and consistent pattern of rising prices.
- BLX is one of the better performing stocks in the Financial Services industry, it outperforms 83% of 100 stocks in the same industry.
- BLX 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 BLX is lagging the market slightly.
- In the last month BLX has a been trading in the 51.90 - 57.79 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
BLX Weekly and Daily overview Charts
BLX Setup Rating and Analysis
Although BLX 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.
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BLX Support and Resistance Analysis
41.89
6 important support areas can be observed.
- A support zone ranging from 51.70 to 52.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 47.36 to 48.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @45.53 from a trend line in the daily time frame.
- Support @44.58 from a horizontal line in the daily time frame.
- Support @43.01 from a horizontal line in the weekly time frame.
- Support @42.31 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 56.56 to 57.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
BLX 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 BLX is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BLX is neutral. |
| ChartMill Relative Strength | 79.19 | POSITIVE | BLX has a high relative strength, it outperformed 79.19% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of BLX is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BLX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BLX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.99 | NEUTRAL | The RSI value for BLX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.51 | NEGATIVE | The MACD value suggests BLX has a negative trend. |
| Stochastics (14,3) | 22.57 | NEUTRAL | The Stochastics value for BLX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.52 | MEDIUM VOLATILITY | The ATR as a percentage value for BLX suggests some volalility. |
| Average Directional Index/ADX (14) | 43.34 | POSITIVE | The high ADX value value for BLX suggests a strong trend. |
BLX Chart- and CandleStick Pattern Analysis
BLX Technicals: Chart, Performance Metrics, Trend & Indicators
53.63
+0.2 (+0.37%)
BANCO LATINOAMERICANO COME-E / BLX TA FAQ
What is the ChartMill technical rating of BANCO LATINOAMERICANO COME-E (BLX) stock?
ChartMill assigns a technical rating of 9 / 10 to BLX.
What is the current trend direction of BANCO LATINOAMERICANO COME-E (BLX) stock?
The current trend direction for BANCO LATINOAMERICANO COME-E (BLX) is Bullish.
What is the RSI signal for BLX stock?
BANCO LATINOAMERICANO COME-E (BLX) has an RSI value of 48.9872. This indicates that the stock is currently neutral.
What is the short term momentum for BANCO LATINOAMERICANO COME-E (BLX) stock?
The short term momentum for BANCO LATINOAMERICANO COME-E (BLX) is neutral.
Can you provide the support and resistance levels for BANCO LATINOAMERICANO COME-E?
BANCO LATINOAMERICANO COME-E (BLX) has a support level at 52.22 and a resistance level at 56.56. Check the full technical report for our detailed analysis of BLX support and resistance levels.