BANCO LATINOAMERICANO COME-E (BLX) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:BLX - PAP169941328 - Common Stock
Taking everything into account, BLX scores 6 out of 10 in our technical rating. In the last year, BLX was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.
BLX has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 44.58, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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.
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38.93
2 important support areas can be observed.
- A support zone ranging from 44.03 to 44.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 39.32 to 39.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- Resistance @45.70 from a horizontal line 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 | 75.36 | POSITIVE | BLX has a high relative strength, it outperformed 75.36% 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) | 49.88 | NEUTRAL | The RSI value for BLX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests BLX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 71.68 | NEUTRAL | The Stochastics value for BLX is a neutral value. |
| Average True Range in percent/ATR (20) | 1.63 | LOW VOLATILITY | The low ATR as a percentage value for BLX suggests low volalility. |
| Average Directional Index/ADX (14) | 16.69 | 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 |
|---|---|---|---|
| 44.88 | 44.02 | 0.86 (1.92%) | 25.00% |
| An entry @44.88. This is a Buy Stop order right above the 10 day moving average. | An exit @44.02. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.86 points, which is 1.92%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.48%. |
- The distance between exit and entry is rather small compared to the average daily movement of BLX. Please evaluate whether better entry and exit points can be found.
- 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.
44.65
-0.44 (-0.98%)
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 6 / 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 49.8791. 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 44.58 and a resistance level at 45.7. Check the full technical report for our detailed analysis of BLX support and resistance levels.