BANCO LATINOAMERICANO COME-E (BLX) Stock Technical Analysis
USA - NYSE:BLX - PAP169941328 - Common Stock
Overall BLX gets a technical rating of 8 out of 10. In the last year, BLX was one of the better performers, but we do observe some doubts in the very recent evolution.
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 resistance zone just above the current price starting at 44.92. Right above this resistance zone may be a good entry point.
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38.60
When analyzing the support we can see 2 important areas.
- Support @42.77 from a trend line in the daily time frame.
- A support zone ranging from 38.99 to 39.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 44.92 to 45.70. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 47.15 to 48.32. 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 | NEUTRAL | NEUTRAL | The short term trend for BLX is neutral. |
| ChartMill Relative Strength | 83.1 | POSITIVE | BLX has a high relative strength, it outperformed 83.1% 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) | DOWN | NEGATIVE | The current price of BLX is below a declining 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) | 49.87 | NEUTRAL | The RSI value for BLX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests BLX has a positive trend. |
| Stochastics (14,3) | 78.95 | NEUTRAL | The Stochastics value for BLX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.53 | MEDIUM VOLATILITY | The ATR as a percentage value for BLX suggests some volalility. |
| Average Directional Index/ADX (14) | 30.02 | POSITIVE | The high ADX value value for BLX suggests a strong 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 |
|---|---|---|---|
| 45.71 | 42.76 | 2.95 (6.45%) | 15.49% |
| An entry @45.71. This is a Buy Stop order right above the resistance zone. | An exit @42.76. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.95 points, which is 6.45%. | For a 1.00% total portfolio risk, you can invest 15.49% of your capital in this trade. |
- 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.
44.6
+0.17 (+0.38%)
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 8 / 10 to BLX.
What is the trend direction for 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 49.8712. This indicates that the stock is currently neutral.
What are the support and resistance levels for BANCO LATINOAMERICANO COME-E (BLX) stock?
BANCO LATINOAMERICANO COME-E (BLX) has a support level at 42.77 and a resistance level at 44.92. Check the full technical report for our detailed analysis of BLX support and resistance levels.