GRUPO CIBEST SA-ADR (CIB) Stock Technical Analysis
NYSE:CIB - New York Stock Exchange, Inc. - US05968L1026 - ADR - Currency: USD
Taking everything into account, CIB scores 5 out of 10 in our technical rating. CIB has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
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 40.07 - 42.80 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 76% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
CIB is part of the Banks industry. There are 395 other stocks in this industry, CIB did better than 58% of them.
Although the technical rating is only medium, CIB does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 41.24, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
30.85
44.74
We found 6 important support areas.
- A support zone ranging from 40.32 to 41.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @38.62 from a trend line in the daily time frame.
- Support @37.72 from a horizontal line in the weekly time frame.
- Support @36.10 from a horizontal line in the daily time frame.
- Support @34.29 from a trend line in the weekly 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.
2 important resistance areas can be observed.
- A resistance zone ranging from 41.47 to 42.33. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- 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 | NEUTRAL | NEUTRAL | The short term trend for CIB is neutral. |
| ChartMill Relative Strength | 76.18 | POSITIVE | CIB has a high relative strength, it outperformed 76.18% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of CIB is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of CIB is above a declining 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) | 50.34 | NEUTRAL | The RSI value for CIB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests CIB has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 71.57 | NEUTRAL | The Stochastics value for CIB is a neutral value. |
| Average True Range in percent/ATR (20) | 2.54 | MEDIUM VOLATILITY | The ATR as a percentage value for CIB suggests some volalility. |
| Average Directional Index/ADX (14) | 9.08 | 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)
41.43
-1.03 (-2.43%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-2.43%
1 Week2.22%
2 Weeks-1.82%
1 Month2.3%
3 Month-0.7%
6 Month26.7%
12 Month16.84%
2 Year76.98%
3 Year-7.75%
5 Year60.21%
10 Year1.72%
15 Year-13.36%
Volatility
ATR(14)1.05
ATR(20)%2.54%
ATR Inc-5.15%
Range Today1.19
ADR(20)1.01
ADR(20)%2.44%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS76.18
Mansfield1.24
10 Day High42.81
10 Day Low40.28
20 Day High42.81
20 Day Low40.07
52 Week High44.93
52 Week Low30.25
CS1 End41.24
CR1 Start41.47
Volume & EV
DER(3)-1.96%
DER(5)-2.22%
Volume717.20K
Volume Incr41.48%
Vol(5)473.10K
Vol(50)456.09K