HOPE BANCORP INC (HOPE) Stock Technical Analysis
NASDAQ:HOPE - US43940T1097 - Common Stock
11.19 USD
+0.05 (+0.45%)
11.19 USD
0 (0%)
Taking everything into account, HOPE scores 5 out of 10 in our technical rating. In the last year, HOPE was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
70% of all other stocks performed better in the past year than HOPE.
HOPE is part of the Banks industry. There are 393 other stocks in this industry, of which 85% are performing better than HOPE.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month HOPE has a been trading in the 9.44 - 11.23 range, which is quite wide. It is currently trading near the high of this range.
HOPE is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so HOPE is lagging the market.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
HOPE has an average technical rating and it also does not offer a high 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
9.16
11.96
When analyzing the support we can see 5 important areas.
- Support @11.16 from a trend line in the daily time frame.
- A support zone ranging from 10.63 to 10.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 9.86 to 9.92. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 9.70 to 9.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @9.25 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 11.56 to 11.84. 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 | NEUTRAL | NEUTRAL | The long term trend for HOPE is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for HOPE is up. |
| ChartMill Relative Strength | 30.08 | NEUTRAL | HOPE is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of HOPE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of HOPE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of HOPE is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 65.41 | NEUTRAL | The RSI value for HOPE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests HOPE has a positive trend. |
| Stochastics (14,3) | 96.03 | OVERBOUGHT | The high Stochastics value suggests HOPE may be overbought. |
| Average True Range in percent/ATR (20) | 2.33 | MEDIUM VOLATILITY | The ATR as a percentage value for HOPE suggests some volalility. |
| Average Directional Index/ADX (14) | 22.98 | NEUTRAL | The ADX value for HOPE suggests a possible start of a new 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)
11.19
+0.05 (+0.45%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg0.45%
1 Week7.29%
2 Weeks6.12%
1 Month12.01%
3 Month11.45%
6 Month2.47%
12 Month-12.51%
2 Year15.72%
3 Year-22.67%
5 Year32.27%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.25
ATR(20)%2.33%
ATR Inc-20.81%
Range Today0.16
ADR(20)0.25
ADR(20)%2.19%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS30.08
Mansfield-1.08
10 Day High11.23
10 Day Low10.24
20 Day High11.23
20 Day Low9.44
52 Week High14.54
52 Week Low8.82
CS1 End11.16
CR1 Start11.56
Volume & EV
DER(3)0.51%
DER(5)0.88%
Volume513.00K
Volume Incr-32.35%
Vol(5)669.84K
Vol(50)960.22K