HOPE BANCORP INC (HOPE) Stock Technical Analysis
USA - NASDAQ:HOPE - US43940T1097 - Common Stock
Overall HOPE gets a technical rating of 3 out of 10. In the last year, HOPE was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
Although the technical rating is bad, HOPE does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 10.82. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 10.71, a Stop Loss order could be placed below this zone.
More info and screens
9.60
We found 4 important support areas.
- A support zone ranging from 10.58 to 10.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 10.16 to 10.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @9.92 from a horizontal line in the daily time frame.
- 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.
We can see 3 important resistance areas.
- A resistance zone ranging from 10.82 to 10.87. 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 11.26 to 11.29. This zone is formed by a combination of multiple trend lines in the daily time frame.
- 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 | NEUTRAL | NEUTRAL | The short term trend for HOPE is neutral. |
| ChartMill Relative Strength | 23.86 | NEGATIVE | HOPE has a low relative strength, it was outperformed by 76.14% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of HOPE is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of HOPE is below 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) | 50.51 | NEUTRAL | The RSI value for HOPE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests HOPE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 49.01 | NEUTRAL | The Stochastics value for HOPE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.83 | MEDIUM VOLATILITY | The ATR as a percentage value for HOPE suggests some volalility. |
| Average Directional Index/ADX (14) | 12.4 | NEGATIVE | The low ADX value for HOPE suggests a weak or negative trend. |
10.73
+0.2 (+1.9%)
HOPE BANCORP INC / HOPE FAQ
What is the technical rating for HOPE stock?
ChartMill assigns a technical rating of 3 / 10 to HOPE.
Can you provide the trend direction for HOPE BANCORP INC?
The current trend direction for HOPE BANCORP INC (HOPE) is Bearish.
What is the RSI signal for HOPE BANCORP INC (HOPE) stock?
HOPE BANCORP INC (HOPE) has an RSI value of 50.5104. This indicates that the stock is currently neutral.
What is the MACD signal for HOPE BANCORP INC (HOPE) stock?
The MACD indicator for HOPE BANCORP INC (HOPE) has a value of -0.00664616, indicating a bearish trend.
What is the support and resistance level for HOPE stock?
HOPE BANCORP INC (HOPE) has a support level at 10.71 and a resistance level at 10.82. Check the full technical report for our detailed analysis of HOPE support and resistance levels.