BANCO LATINOAMERICANO COME-E (BLX) Stock Technical Analysis
USA - NYSE:BLX - PAP169941328 - Common Stock
46.98 USD
-0.62 (-1.3%)
46.98 USD
0 (0%)
Overall BLX gets a technical rating of 10 out of 10. Both in the recent history as in the last year, BLX has proven to be a steady performer, scoring decent points in every aspect analyzed.
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 83% of all stocks. We also observe that the gains produced by BLX over the past year are nicely spread over this period.
BLX is one of the better performing stocks in the Financial Services industry, it outperforms 86% of 101 stocks in the same industry.
BLX is currently trading near its 52 week high, which is a good sign. 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 45.45 - 48.38 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, BLX also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 46.97, 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.
More info and screens
37.41
48.80
We found 4 important support areas.
- A support zone ranging from 46.68 to 46.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 41.66 to 42.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @39.62 from a horizontal line in the daily time frame.
- Support @37.79 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 47.21 to 48.32. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 83.77 | POSITIVE | BLX has a high relative strength, it outperformed 83.77% 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) | 56.77 | NEUTRAL | The RSI value for BLX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests BLX has a negative trend. |
| Stochastics (14,3) | 62.68 | NEUTRAL | The Stochastics value for BLX is a neutral value. |
| Average True Range in percent/ATR (20) | 1.76 | LOW VOLATILITY | The low ATR as a percentage value for BLX suggests low volalility. |
| Average Directional Index/ADX (14) | 32.74 | POSITIVE | The high ADX value value for BLX suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 48.33 | 46.67 | 1.66 (3.43%) | 25.00% |
| An entry @48.33. This is a Buy Stop order right above the resistance zone. | An exit @46.67. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.66 points, which is 3.43%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.86%. |
- 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.
46.98
-0.62 (-1.3%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryFinancial Services
Performance
% Chg-1.3%
1 Week-1.2%
2 Weeks0.69%
1 Month3.5%
3 Month14.14%
6 Month26.36%
12 Month43.45%
2 Year121.6%
3 Year259.72%
5 Year286.67%
10 Year102.94%
15 Year225.12%
Volatility
ATR(14)0.93
ATR(20)%1.76%
ATR Inc-15.02%
Range Today0.92
ADR(20)0.8
ADR(20)%1.7%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS83.77
Mansfield0.91
10 Day High48.38
10 Day Low45.97
20 Day High48.38
20 Day Low45.45
52 Week High48.38
52 Week Low31.14
CS1 End46.97
CR1 Start47.21
Volume & EV
DER(3)-1.56%
DER(5)-2.06%
Volume275.00K
Volume Incr45.97%
Vol(5)158.86K
Vol(50)127.42K