POPULAR INC (BPOP) Stock Technical Analysis
NASDAQ:BPOP - Nasdaq - PR7331747001 - Common Stock - Currency: USD
We assign a technical rating of 10 out of 10 to BPOP. Both in the recent history as in the last year, BPOP has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, BPOP did better than 84% of all other stocks. On top of that, BPOP also shows a nice and consistent pattern of rising prices.
BPOP is part of the Banks industry. There are 396 other stocks in this industry. BPOP outperforms 74% 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.
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. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 104.41. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 103.66, a Stop Loss order could be placed below this zone.
More info and screens
81.43
107.39
When analyzing the support we can see 3 important areas.
- A support zone ranging from 102.16 to 103.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 84.08 to 84.44. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @82.25 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 104.41 to 104.52. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A resistance zone ranging from 106.33 to 106.33. This zone is formed by a combination of multiple trend lines in the daily 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 | 84.2 | POSITIVE | BPOP has a high relative strength, it outperformed 84.2% 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) | 63 | NEUTRAL | The RSI value for BPOP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.43 | NEGATIVE | The MACD value suggests BPOP has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 63.86 | NEUTRAL | The Stochastics value for BPOP is a neutral value. |
| Average True Range in percent/ATR (20) | 1.88 | LOW VOLATILITY | The low ATR as a percentage value for BPOP suggests low volalility. |
| Average Directional Index/ADX (14) | 23.8 | NEUTRAL | The ADX value for BPOP suggests a possible start of a new 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 |
|---|---|---|---|
| 104.53 | 102.15 | 2.38 (2.28%) | 25.00% |
| An entry @104.53. This is a Buy Stop order right above the resistance zone. | An exit @102.15. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.38 points, which is 2.28%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.57%. |
- 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.
104.01
+0.48 (+0.46%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg0.46%
1 Week1.47%
2 Weeks-0.49%
1 Month4.42%
3 Month11.44%
6 Month4.9%
12 Month21.07%
2 Year71.86%
3 Year35.2%
5 Year179.82%
10 Year260.4%
15 Year288.1%
Volatility
ATR(14)1.76
ATR(20)%1.88%
ATR Inc-0.2%
Range Today2.46
ADR(20)1.74
ADR(20)%1.67%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.2
Mansfield0.44
10 Day High105.73
10 Day Low100.54
20 Day High105.73
20 Day Low97.08
52 Week High106.81
52 Week Low78.23
CS1 End103.66
CR1 Start104.41
Volume & EV
DER(3)2.25%
DER(5)0.85%
Volume690.02K
Volume Incr16.57%
Vol(5)582.02K
Vol(50)673.02K