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.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that BLX is one of the better performing stocks in the market, outperforming 86% of all stocks. On top of that, BLX also shows a nice and consistent pattern of rising prices.
- BLX is one of the better performing stocks in the Financial Services industry, it outperforms 92% of 100 stocks in the same industry.
- BLX is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so BLX is leading the market.
- In the last month BLX has a been trading in the 46.41 - 51.72 range, which is quite wide. It is currently trading near the high of this range.
BLX Weekly and Daily overview Charts
BLX Setup Rating and Analysis
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 51.17. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 50.03, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for BLX in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
BLX Support and Resistance Analysis
41.89
We found 6 important support areas.
- A support zone ranging from 47.78 to 50.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @46.38 from a trend line in the weekly time frame.
- A support zone ranging from 44.58 to 44.77. 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.
- A support zone ranging from 43.00 to 43.01. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @42.31 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 51.17 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 | 86.14 | POSITIVE | BLX has a high relative strength, it outperformed 86.14% 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) | 57.1 | 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. |
| Stochastics (14,3) | 66.39 | NEUTRAL | The Stochastics value for BLX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.62 | MEDIUM VOLATILITY | The ATR as a percentage value for BLX suggests some volalility. |
| Average Directional Index/ADX (14) | 20.52 | NEUTRAL | The ADX value for BLX suggests a possible start of a new 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 | 48.22 | 2.97 (5.80%) | 17.24% |
| An entry @51.19. This is a Buy Stop order right above the resistance zone. | An exit @48.22. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 2.97 points, which is 5.80%. | When investing 17.24% 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
51.08
+0.62 (+1.23%)
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 57.0982. 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 0.102811, 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.