GRUPO CIBEST SA-ADR (CIB) Technical Analysis
NYSE:CIB • US05968L1026
Overall CIB gets a technical rating of 6 out of 10. CIB was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
- In the last month CIB has a been trading in the 62.80 - 83.13 range, which is quite wide. It is currently trading near the lows of this range.
- Looking at the yearly performance, CIB did better than 86% of all other stocks. On top of that, CIB also shows a nice and consistent pattern of rising prices.
- CIB is one of the better performing stocks in the Banks industry, it outperforms 94% of 381 stocks in the same industry.
- The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
- CIB is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so CIB is lagging the market slightly.
CIB has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 65.84, a Stop Loss order could be placed below this zone.
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64.46
When analyzing the support we notice one important area.
- A support zone ranging from 65.11 to 65.84. 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 70.10 to 70.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @77.14 from a trend 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 | UP | POSITIVE | The long term trend for CIB is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CIB is down. |
| ChartMill Relative Strength | 86.9 | POSITIVE | CIB has a high relative strength, it outperformed 86.9% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CIB is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of CIB is below 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) | 37.01 | NEUTRAL | The RSI value for CIB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.46 | NEGATIVE | The MACD value suggests CIB has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 28.1 | NEUTRAL | The Stochastics value for CIB is a neutral value. |
| Average True Range in percent/ATR (20) | 4.45 | MEDIUM VOLATILITY | The ATR as a percentage value for CIB suggests some volalility. |
| Average Directional Index/ADX (14) | 27.41 | POSITIVE | The high ADX value value for CIB suggests a strong trend. |
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 |
|---|---|---|---|
| 70.22 | 65.10 | 5.12 (7.29%) | 13.71% |
| An entry @70.22. This is a Buy Stop order right above the resistance zone. | An exit @65.10. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 5.12 points, which is 7.29%. | When investing 13.71% 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.
CIB Technicals: Chart, Performance Metrics, Trend & Indicators
66.17
-2.99 (-4.32%)
GRUPO CIBEST SA-ADR / CIB FAQ
What is the ChartMill technical rating of GRUPO CIBEST SA-ADR (CIB) stock?
ChartMill assigns a technical rating of 6 / 10 to CIB.
What is the trend direction for CIB stock?
The current trend direction for GRUPO CIBEST SA-ADR (CIB) is Bullish.
What is the RSI signal for GRUPO CIBEST SA-ADR (CIB) stock?
GRUPO CIBEST SA-ADR (CIB) has an RSI value of 37.0107. This indicates that the stock is currently neutral.
What is the buy/sell signal for GRUPO CIBEST SA-ADR (CIB) stock?
The buy/sell signal for GRUPO CIBEST SA-ADR (CIB) is hold as the short term and long term trends are mixed.
What are the support and resistance levels for GRUPO CIBEST SA-ADR (CIB) stock?
GRUPO CIBEST SA-ADR (CIB) has a support level at 65.84 and a resistance level at 70.1. Check the full technical report for our detailed analysis of CIB support and resistance levels.