BANCO LATINOAMERICANO COME-E (BLX) Technical Analysis
NYSE:BLX • PAP169941328
Current stock price
BLX Technical Rating and Analysis
Taking everything into account, BLX scores 10 out of 10 in our technical rating. 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 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 100 other stocks in this industry. BLX outperforms 91% of them.
- BLX is currently making a new 52 week high. This is a strong signal. 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 - 52.31 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
BLX has an excellent technical rating, but the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
BLX Support and Resistance Analysis
41.89
We found 5 important support areas.
- A support zone ranging from 47.78 to 50.46. 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 44.87. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @43.01 from a horizontal line 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 52.29 to 52.29. 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 | 85.72 | POSITIVE | BLX has a high relative strength, it outperformed 85.72% 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) | 65.23 | NEUTRAL | The RSI value for BLX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.27 | POSITIVE | The MACD value suggests BLX has a positive trend. |
| Stochastics (14,3) | 90.98 | OVERBOUGHT | The high Stochastics value suggests BLX may be overbought. |
| Average True Range in percent/ATR (20) | 2.41 | MEDIUM VOLATILITY | The ATR as a percentage value for BLX suggests some volalility. |
| Average Directional Index/ADX (14) | 25.96 | POSITIVE | The high ADX value value for BLX suggests a strong 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 |
|---|---|---|---|
| 52.30 | 48.80 | 3.50 (6.70%) | 14.92% |
| An entry @52.30. This is a Buy Stop order right above the resistance zone. | An exit @48.80. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 3.50 points, which is 6.70%. | For a 1.00% total portfolio risk, you can invest 14.92% 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.
BLX Technicals: Chart, Performance Metrics, Trend & Indicators
52.28
+0.74 (+1.44%)
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.
What is the RSI signal for BLX stock?
BANCO LATINOAMERICANO COME-E (BLX) has an RSI value of 65.2323. This indicates that the stock is currently neutral.
What is the short term momentum for BANCO LATINOAMERICANO COME-E (BLX) stock?
The short term momentum for BANCO LATINOAMERICANO COME-E (BLX) is positive.
Can you provide the support and resistance levels for BANCO LATINOAMERICANO COME-E?
BANCO LATINOAMERICANO COME-E (BLX) has a support level at 50.46 and a resistance level at 52.29. Check the full technical report for our detailed analysis of BLX support and resistance levels.