BANCO LATINOAMERICANO COME-E (BLX) Stock Technical Analysis
NYSE:BLX - New York Stock Exchange, Inc. - PAP169941328 - Common Stock - Currency: USD
We assign a technical rating of 10 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.
Besides having an excellent technical rating, BLX also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 42.37. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 40.40, a Stop Loss order could be placed below this zone.
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33.04
3 important support areas can be observed.
- A support zone ranging from 39.61 to 40.40. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @34.87 from a trend line in the weekly time frame.
- A support zone ranging from 33.37 to 33.64. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 42.37 to 42.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 89.62 | POSITIVE | BLX has a high relative strength, it outperformed 89.62% 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) | 59.62 | NEUTRAL | The RSI value for BLX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests BLX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 52.55 | NEUTRAL | The Stochastics value for BLX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.36 | MEDIUM VOLATILITY | The ATR as a percentage value for BLX suggests some volalility. |
| Average Directional Index/ADX (14) | 19.03 | NEGATIVE | The low ADX value for BLX suggests a weak or negative trend. |
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.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 42.39 | 39.60 | 2.79 (6.58%) | 15.19% |
| An entry @42.39. This is a Buy Stop order right above the resistance zone. | An exit @39.60. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.79 points, which is 6.58%. | When investing 15.19% 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.
40.64
+0.23 (+0.57%)