POPULAR INC (BPOP) Technical Analysis
NASDAQ:BPOP • PR7331747001
Current stock price
BPOP Technical Rating and Analysis
We assign a technical rating of 7 out of 10 to BPOP. In the last year, BPOP was one of the better performers, but we do observe some doubts in the very recent evolution.
- In the last month BPOP has a been trading in the 125.19 - 149.15 range, which is quite wide. It is currently trading near the lows of this range.
- Looking at the yearly performance, BPOP did better than 85% of all other stocks. We also observe that the gains produced by BPOP over the past year are nicely spread over this period.
- BPOP is part of the Banks industry. There are 381 other stocks in this industry. BPOP outperforms 93% of them.
- BPOP is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so BPOP is performing more or less in line with the market.
- The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
BPOP Weekly and Daily overview Charts
BPOP Setup Rating and Analysis
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. There is a resistance zone just above the current price starting at 130.55. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 130.26, a Stop Loss order could be placed below this zone.
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BPOP Support and Resistance Analysis
83.24
We found 4 important support areas.
- A support zone ranging from 128.84 to 130.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @115.56 from a trend line in the daily time frame.
- A support zone ranging from 111.30 to 111.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @84.08 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 130.55 to 131.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 147.57 to 147.57. This zone is formed by a combination of multiple trend lines in multiple time frames.
BPOP 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 BPOP is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BPOP is down. |
| ChartMill Relative Strength | 85.96 | POSITIVE | BPOP has a high relative strength, it outperformed 85.96% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BPOP is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of BPOP is below 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) | 42.51 | NEUTRAL | The RSI value for BPOP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.48 | NEGATIVE | The MACD value suggests BPOP has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 36.06 | NEUTRAL | The Stochastics value for BPOP is a neutral value. |
| Average True Range in percent/ATR (20) | 3.38 | MEDIUM VOLATILITY | The ATR as a percentage value for BPOP suggests some volalility. |
| Average Directional Index/ADX (14) | 23.59 | NEUTRAL | The ADX value for BPOP suggests a possible start of a new trend. |
BPOP Chart- and CandleStick Pattern Analysis
BPOP 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 |
|---|---|---|---|
| 131.70 | 128.83 | 2.87 (2.18%) | 25.00% |
| An entry @131.70. This is a Buy Stop order right above the resistance zone. | An exit @128.83. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.87 points, which is 2.18%. | For a 0.54% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of BPOP. 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.
BPOP Technicals: Chart, Performance Metrics, Trend & Indicators
130.48
-0.38 (-0.29%)
POPULAR INC / BPOP TA FAQ
What is the ChartMill technical rating of POPULAR INC (BPOP) stock?
ChartMill assigns a technical rating of 7 / 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 42.5123. 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 negative.
What are the support and resistance levels for POPULAR INC (BPOP) stock?
POPULAR INC (BPOP) has a support level at 130.26 and a resistance level at 130.55. Check the full technical report for our detailed analysis of BPOP support and resistance levels.