Banco Santander Mexico SA Institucion de Banca Multiple Grupo (BSMX) Stock Technical Analysis
NYSE:BSMX - US05969B1035 - ADR
5.46 USD
+0.13 (+2.44%)
5.35 USD
-0.11 (-2.01%)
Overall BSMX gets a technical rating of 1 out of 10. BSMX has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
BSMX is part of the Banks industry. There are 393 other stocks in this industry, of which 72% are performing better than BSMX.
In the last month BSMX has a been trading in the 5.31 - 7.11 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
When compared to the yearly performance of all other stocks, BSMX outperforms 45% of them, which is more or less in line with the market.
BSMX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BSMX is lagging the market.
Considerably lower volume is observed in the last couple of days.
The technical rating of BSMX is bad and it also does not present a quality setup 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
5.41
6.86
When analyzing the resistance we notice one important area.
- Resistance @6.79 from a horizontal line 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 | NEUTRAL | NEUTRAL | The long term trend for BSMX is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BSMX is down. |
| ChartMill Relative Strength | 45.41 | NEUTRAL | BSMX is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BSMX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BSMX is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of BSMX is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 23.1 | OVERSOLD | The low RSI value suggests BSMX may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests BSMX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 4.09 | OVERSOLD | The low Stochastics value suggests BSMX may be oversold. |
| Average True Range in percent/ATR (20) | 4.2 | MEDIUM VOLATILITY | The ATR as a percentage value for BSMX suggests some volalility. |
| Average Directional Index/ADX (14) | 39.04 | POSITIVE | The high ADX value value for BSMX suggests a strong 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)
Banco Santander Mexico SA Institucion de Banca Multiple Grupo
NYSE:BSMX (5/4/2023, 8:04:01 PM)
After market: 5.35 -0.11 (-2.01%)5.46
+0.13 (+2.44%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg2.44%
1 Week-6.98%
2 Weeks-14.02%
1 Month-18.75%
3 Month-13.61%
6 Month-6.02%
12 Month-0.61%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.22
ATR(20)%4.2%
ATR Inc34.65%
Range Today0.25
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS45.41
Mansfield-0.81
10 Day High6.48
10 Day Low5.31
20 Day High7.11
20 Day Low5.31
52 Week High7.11
52 Week Low4.52
CS1 EndN/A
CR1 Start6.79
Volume & EV
DER(3)5.75%
DER(5)5.35%
Volume103.80K
Volume Incr-49.43%
Vol(5)54.86K
Vol(50)116.59K