BANCOLOMBIA S.A.-SPONS ADR (CIB)
US05968L1026 - ADR
Taking everything into account, CIB scores 7 out of 10 in our technical rating. CIB has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
The long and short term trends are both positive. This is looking good!
CIB is one of the better performing stocks in the Banks industry, it outperforms 80% of 419 stocks in the same industry.
In the last month CIB has a been trading in the 26.63 - 28.47 range, which is quite wide. It is currently trading near the high of this range.
When comparing the yearly performance of all stocks, we notice that CIB is one of the better performing stocks in the market, outperforming 75% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
CIB is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CIB is lagging the market.
CIB 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 a resistance zone just above the current price starting at 28.14. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 28.09, a Stop Loss order could be placed below this zone.
More info and screens
23.49
30.87
5 important support areas can be observed.
- A support zone ranging from 27.70 to 28.09. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @25.63 from a trend line in the weekly time frame.
- A support zone ranging from 24.94 to 25.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @24.43 from a horizontal line in the daily time frame.
- Support @23.73 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 28.14 to 28.32. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @29.05 from a trend line in the weekly time frame.
- A resistance zone ranging from 30.09 to 30.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS75.65
Mansfield-0.43
10 Day High28.47
10 Day Low27.44
20 Day High28.47
20 Day Low26.63
52 Week High30.89
52 Week Low21.55
Performance
1 Week-0.53%
2 Weeks1.81%
1 Month5.48%
3 Month10.93%
6 Month-2.19%
12 Month6.11%
2 Year-10.98%
3 Year-30.01%
5 Year-26.19%
10 Year-42.64%
15 Year20.43%
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)
Technical Indicators
MACD(12,26,9)-0.03
RSI(14)58.8
LBB27.17
UBB28.53
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 |
|---|---|---|---|
| 28.33 | 27.69 | 0.64 (2.26%) | 25.00% |
| An entry @28.33. This is a Buy Stop order right above the resistance zone. | An exit @27.69. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.64 points, which is 2.26%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.56%. |
- The distance between exit and entry is rather small compared to the average daily movement of CIB. 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.
BANCOLOMBIA S.A.-SPONS ADR
NYSE:CIB (12/8/2023, 7:04:00 PM)
After market: 28.12 0 (0%)28.12
+0.29 (+1.04%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg1.04%
1 Week-0.53%
2 Weeks1.81%
1 Month5.48%
3 Month10.93%
6 Month-2.19%
12 Month6.11%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.57
ATR(20)%2.03%
ATR Inc
Range Today0.34
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High28.47
10 Day Low27.44
20 Day High28.47
20 Day Low26.63
52 Week High30.89
52 Week Low21.55
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume133.60K
Volume Incr-26.16%
Vol(5)143.92K
Vol(50)207.63K