HOPE BANCORP INC (HOPE) Stock Technical Analysis
NASDAQ:HOPE - Nasdaq - US43940T1097 - Common Stock - Currency: USD
Overall HOPE gets a technical rating of 1 out of 10. HOPE's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, HOPE is a bad performer in the overall market: 69% of all stocks are doing better.
HOPE is part of the Banks industry. There are 397 other stocks in this industry, of which 92% are performing better than HOPE.
HOPE is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.
In the last month HOPE has a been trading in the 8.82 - 10.27 range, which is quite wide. It is currently trading near the high of this range.
HOPE has an average volume of 1177110 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although the technical rating is bad, HOPE does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
9.01
13.66
We found 2 important support areas.
- A support zone ranging from 10.01 to 10.03. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 9.10 to 9.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 10.10 to 10.17. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @10.67 from a horizontal line in the daily time frame.
- Resistance @10.92 from a horizontal line in the daily time frame.
- Resistance @12.17 from a horizontal line in the daily time frame.
- Resistance @13.52 from a horizontal line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS31.37
Mansfield-1.28
10 Day High10.27
10 Day Low9.46
20 Day High10.27
20 Day Low8.82
52 Week High14.54
52 Week Low8.82
Performance
1 Week1.2%
2 Weeks5.54%
1 Month7.8%
3 Month-12.72%
6 Month-25.42%
12 Month-7.94%
2 Year25.81%
3 Year-30.8%
5 Year6.27%
10 YearN/A
15 YearN/A
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)0.09
RSI(14)52.89
LBB9.33
UBB10.42
10.09
+0.03 (+0.3%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg0.3%
1 Week1.2%
2 Weeks5.54%
1 Month7.8%
3 Month-12.72%
6 Month-25.42%
12 Month-7.94%
2 Year25.81%
3 Year-30.8%
5 Year6.27%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.31
ATR(20)%4.24%
ATR Inc-28.7%
Range Today0.29
ADR(20)0.41
ADR(20)%4.01%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS31.37
Mansfield-1.28
10 Day High10.27
10 Day Low9.46
20 Day High10.27
20 Day Low8.82
52 Week High14.54
52 Week Low8.82
CS1 End10.03
CR1 Start10.1
Volume & EV
DER(3)-1.21%
DER(5)-1.57%
Volume860.80K
Volume Incr-40.93%
Vol(5)994.38K
Vol(50)1.18M