GRUPO CIBEST SA-ADR (CIB) Stock Technical Analysis
NYSE:CIB - New York Stock Exchange, Inc. - US05968L1026 - ADR - Currency: USD
We assign a technical rating of 9 out of 10 to CIB. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CIB is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
CIB is part of the Banks industry. There are 395 other stocks in this industry. CIB outperforms 75% of them.
CIB 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 CIB is performing more or less in line with the market.
In the last month CIB has a been trading in the 40.28 - 44.64 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
Looking at the yearly performance, CIB did better than 83% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
CIB 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 43.44. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 41.83, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for CIB in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
30.85
44.74
When analyzing the support we can see 7 important areas.
- A support zone ranging from 41.37 to 41.83. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 40.32 to 40.52. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @39.59 from a trend line in the daily time frame.
- Support @37.72 from a horizontal line in the weekly time frame.
- Support @34.62 from a trend line in the weekly time frame.
- Support @32.96 from a trend line in the daily time frame.
- A support zone ranging from 31.16 to 31.58. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 43.44 to 44.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 CIB is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CIB is up. |
| ChartMill Relative Strength | 83.51 | POSITIVE | CIB has a high relative strength, it outperformed 83.51% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CIB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CIB is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CIB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.79 | NEUTRAL | The RSI value for CIB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests CIB has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 46.29 | NEUTRAL | The Stochastics value for CIB is a neutral value. |
| Average True Range in percent/ATR (20) | 2.63 | MEDIUM VOLATILITY | The ATR as a percentage value for CIB suggests some volalility. |
| Average Directional Index/ADX (14) | 9.05 | NEGATIVE | The low ADX value for CIB suggests a weak or negative 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 |
|---|---|---|---|
| 44.31 | 41.41 | 2.90 (6.54%) | 15.28% |
| An entry @44.31. This is a Buy Stop order right above the resistance zone. | An exit @41.41. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 2.90 points, which is 6.54%. | When investing 15.28% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
43.18
-0.03 (-0.07%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-0.07%
1 Week1.24%
2 Weeks-0.9%
1 Month4.75%
3 Month1.17%
6 Month34.14%
12 Month32.49%
2 Year61.84%
3 Year40.06%
5 Year64.12%
10 Year0.42%
15 Year-13.86%
Volatility
ATR(14)1.19
ATR(20)%2.63%
ATR Inc-1.13%
Range Today1.01
ADR(20)1.12
ADR(20)%2.58%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS83.51
Mansfield1.52
10 Day High43.68
10 Day Low41.42
20 Day High44.64
20 Day Low40.28
52 Week High44.93
52 Week Low30.25
CS1 End41.83
CR1 Start43.44
Volume & EV
DER(3)3.04%
DER(5)1.04%
Volume471.50K
Volume Incr-9.06%
Vol(5)364.06K
Vol(50)409.26K