BANCO LATINOAMERICANO COME-E (BLX) Technical Analysis
NYSE:BLX • PAP169941328
Current stock price
BLX Technical Rating and Analysis
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.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that BLX is one of the better performing stocks in the market, outperforming 85% of all 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 98 other stocks in this industry. BLX outperforms 93% of them.
- BLX is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so BLX is performing more or less in line with the market.
- In the last month BLX has a been trading in the 46.41 - 51.20 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
BLX has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 48.84, a Stop Loss order could be placed below this zone. 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.
More info and screens
BLX Support and Resistance Analysis
40.82
7 important support areas can be observed.
- A support zone ranging from 47.87 to 48.84. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @45.90 from a trend line in the weekly time frame.
- A support zone ranging from 44.57 to 44.58. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @43.84 from a horizontal line in the daily time frame.
- Support @43.00 from a horizontal line in the weekly time frame.
- 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 @41.23 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 51.18 to 51.18. 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 | UP | POSITIVE | The short term trend for BLX is up. |
| ChartMill Relative Strength | 85.11 | POSITIVE | BLX has a high relative strength, it outperformed 85.11% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BLX is below a declining 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) | 51.7 | NEUTRAL | The RSI value for BLX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests BLX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 65.37 | NEUTRAL | The Stochastics value for BLX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.43 | MEDIUM VOLATILITY | The ATR as a percentage value for BLX suggests some volalility. |
| Average Directional Index/ADX (14) | 17.61 | NEGATIVE | The low ADX value for BLX suggests a weak or negative trend. |
BLX Chart- and CandleStick Pattern Analysis
BLX 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.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 51.19 | 47.86 | 3.33 (6.51%) | 15.37% |
| An entry @51.19. This is a Buy Stop order right above the resistance zone. | An exit @47.86. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 3.33 points, which is 6.51%. | When investing 15.37% 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.
BLX Technicals: Chart, Performance Metrics, Trend & Indicators
49
-0.35 (-0.71%)
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 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 51.6991. This indicates that the stock is currently neutral.
What is the MACD signal for BLX stock?
The MACD indicator for BANCO LATINOAMERICANO COME-E (BLX) has a value of -0.0461602, 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.