HOPE BANCORP INC (HOPE) Technical Analysis
NASDAQ:HOPE • US43940T1097
Current stock price
HOPE Technical Rating and Analysis
Taking everything into account, HOPE scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, HOPE is only an average performer.
- Both the short term and long term trends are positive. This is a very positive sign.
- HOPE is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so HOPE is lagging the market slightly.
- In the last month HOPE has a been trading in the 10.87 - 12.80 range, which is quite wide. It is currently trading near the high of this range.
- When comparing the performance of all stocks over the past year, HOPE turns out to be only a medium performer in the overall market: it outperformed 67% of all stocks.
- HOPE is part of the Banks industry. There are 376 other stocks in this industry, HOPE did better than 53% of them.
HOPE Weekly and Daily overview Charts
HOPE Setup Rating and Analysis
Besides having an excellent technical rating, HOPE also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 12.54. Right above this resistance zone may be a good entry point. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
HOPE Support and Resistance Analysis
9.61
We found 3 important support areas.
- A support zone ranging from 11.61 to 11.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 10.66 to 11.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @9.71 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 12.54 to 12.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
HOPE Technical Indicator Signal Analysis
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 HOPE is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for HOPE is up. |
| ChartMill Relative Strength | 67.55 | 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) | UP | POSITIVE | The current price of HOPE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 65.81 | NEUTRAL | The RSI value for HOPE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests HOPE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 79.99 | NEUTRAL | The Stochastics value for HOPE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.31 | MEDIUM VOLATILITY | The ATR as a percentage value for HOPE suggests some volalility. |
| Average Directional Index/ADX (14) | 34.22 | POSITIVE | The high ADX value value for HOPE suggests a strong trend. |
HOPE Chart- and CandleStick Pattern Analysis
HOPE Example Setup
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 |
|---|---|---|---|
| 12.70 | 12.05 | 0.65 (5.12%) | 19.54% |
| An entry @12.70. This is a Buy Stop order right above the resistance zone. | An exit @12.05. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.65 points, which is 5.12%. | When investing 19.54% 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.
HOPE Technicals: Chart, Performance Metrics, Trend & Indicators
12.47
+0.1 (+0.81%)
HOPE BANCORP INC / HOPE TA FAQ
What is the technical rating for HOPE stock?
ChartMill assigns a technical rating of 8 / 10 to HOPE.
What is the trend direction for HOPE stock?
The current trend direction for HOPE BANCORP INC (HOPE) is Bullish.
Can you provide the RSI signal for HOPE BANCORP INC?
HOPE BANCORP INC (HOPE) has an RSI value of 65.8089. This indicates that the stock is currently neutral.
Can you provide the short term momentum for HOPE BANCORP INC?
The short term momentum for HOPE BANCORP INC (HOPE) is positive.
What is the buy/sell signal for HOPE BANCORP INC (HOPE) stock?
The buy/sell signal for HOPE BANCORP INC (HOPE) is buy as both the short term and long term trends are positive.