BANCO LATINOAMERICANO COME-E (BLX) Stock Technical Analysis
NYSE:BLX • PAP169941328
Taking everything into account, BLX scores 10 out of 10 in our technical rating. 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 and short term trends are both positive. This is looking good!
- Looking at the yearly performance, BLX did better than 83% of all other 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 91% of 97 stocks in the same industry.
- BLX is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month BLX has a been trading in the 44.44 - 51.49 range, which is quite wide. It is currently trading near the high of this range.
Although BLX has an excellent technical rating, the quality of the presented setup is not ideal 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
40.07
5 important support areas can be observed.
- A support zone ranging from 48.34 to 49.68. 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 44.58 to 44.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @43.78 from a trend line in the daily time frame.
- Support @42.31 from a horizontal line in the daily time frame.
- Support @40.47 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 | 83.62 | POSITIVE | BLX has a high relative strength, it outperformed 83.62% 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) | 72.58 | OVERBOUGHT | The high RSI value suggests BLX may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests BLX has a positive trend. |
| Stochastics (14,3) | 85.09 | OVERBOUGHT | The high Stochastics value suggests BLX may be overbought. |
| Average True Range in percent/ATR (20) | 2.24 | MEDIUM VOLATILITY | The ATR as a percentage value for BLX suggests some volalility. |
| Average Directional Index/ADX (14) | 39.39 | POSITIVE | The high ADX value value for BLX suggests a strong trend. |
51.17
+1.49 (+3%)
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 72.5771. 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 0.127384, 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.