BANCO LATINOAMERICANO COME-E (BLX) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:BLX • PAP169941328
Overall BLX 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, BLX is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, BLX did better than 81% of all other stocks. On top of that, BLX also shows a nice and consistent pattern of rising prices.
- BLX is part of the Financial Services industry. There are 97 other stocks in this industry. BLX outperforms 91% of them.
- A new 52 week high is currently being made by BLX, which is a very good signal! Especially since the S&P500 is trading near the lows of its 52 week range, so BLX is leading the market.
- In the last month BLX has a been trading in the 42.29 - 49.78 range, which is quite wide. It is currently trading near the high of this range.
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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39.92
When analyzing the support we can see 4 important areas.
- A support zone ranging from 44.43 to 45.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 43.00 to 43.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 42.30 to 42.31. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @40.32 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 BLX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BLX is up. |
| ChartMill Relative Strength | 81.17 | POSITIVE | BLX has a high relative strength, it outperformed 81.17% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BLX is above 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) | 74.17 | OVERBOUGHT | The high RSI value suggests BLX may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.45 | POSITIVE | The MACD value suggests BLX has a positive trend. |
| Stochastics (14,3) | 96.69 | OVERBOUGHT | The high Stochastics value suggests BLX may be overbought. |
| Average True Range in percent/ATR (20) | 2.09 | MEDIUM VOLATILITY | The ATR as a percentage value for BLX suggests some volalility. |
| Average Directional Index/ADX (14) | 32.4 | POSITIVE | The high ADX value value for BLX suggests a strong trend. |
49.55
+1.08 (+2.23%)
BANCO LATINOAMERICANO COME-E / BLX FAQ
What is the ChartMill technical rating of BANCO LATINOAMERICANO COME-E (BLX) stock?
ChartMill assigns a technical rating of 10 / 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.
Can you provide the RSI signal for BANCO LATINOAMERICANO COME-E?
BANCO LATINOAMERICANO COME-E (BLX) has an RSI value of 74.1697. This indicates that the stock is currently overbought.
What is the MACD signal for BLX stock?
The MACD indicator for BANCO LATINOAMERICANO COME-E (BLX) has a value of 0.452208, indicating a bearish trend.
What is the buy/sell signal for BANCO LATINOAMERICANO COME-E (BLX) stock?
The buy/sell signal for BANCO LATINOAMERICANO COME-E (BLX) is buy as both the short term and long term trends are positive.