POPULAR INC (BPOP) Stock Technical Analysis
NASDAQ:BPOP • PR7331747001
Overall BPOP gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, BPOP 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 BPOP is one of the better performing stocks in the market, outperforming 87% of all stocks. We also observe that the gains produced by BPOP over the past year are nicely spread over this period.
- BPOP is one of the better performing stocks in the Banks industry, it outperforms 89% of 381 stocks in the same industry.
- BPOP 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.
- BPOP is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
BPOP 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. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 144.11, a Stop Loss order could be placed below this zone.
More info and screens
83.24
We found 5 important support areas.
- A support zone ranging from 141.96 to 144.11. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 125.85 to 126.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @113.20 from a trend line in the daily time frame.
- Support @111.30 from a horizontal line in the daily time frame.
- Support @84.08 from a horizontal line in the weekly time frame.
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 BPOP is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BPOP is up. |
| ChartMill Relative Strength | 87.58 | POSITIVE | BPOP has a high relative strength, it outperformed 87.58% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BPOP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BPOP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BPOP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 66.98 | NEUTRAL | The RSI value for BPOP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.32 | POSITIVE | The MACD value suggests BPOP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 74.72 | NEUTRAL | The Stochastics value for BPOP is a neutral value. |
| Average True Range in percent/ATR (20) | 3.03 | MEDIUM VOLATILITY | The ATR as a percentage value for BPOP suggests some volalility. |
| Average Directional Index/ADX (14) | 40.04 | POSITIVE | The high ADX value value for BPOP 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 |
|---|---|---|---|
| 149.32 | 141.95 | 7.37 (4.94%) | 20.26% |
| An entry @149.32. This is a Buy Stop order right above the 10 day high. | An exit @141.95. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 7.37 points, which is 4.94%. | For a 1.00% total portfolio risk, you can invest 20.26% 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.
144.9
+2.27 (+1.59%)
POPULAR INC / BPOP FAQ
What is the ChartMill technical rating of POPULAR INC (BPOP) stock?
ChartMill assigns a technical rating of 10 / 10 to BPOP.
Can you provide the trend direction for POPULAR INC?
The current trend direction for POPULAR INC (BPOP) is Bullish.
What is the RSI signal for BPOP stock?
POPULAR INC (BPOP) has an RSI value of 66.979. This indicates that the stock is currently neutral.
What is the short term momentum for BPOP stock?
The short term momentum for POPULAR INC (BPOP) is positive.
What are the support and resistance levels for POPULAR INC (BPOP) stock?
POPULAR INC (BPOP) has a support level at 144.11. Check the full technical report for our detailed analysis of BPOP support and resistance levels.