HOPE BANCORP INC (HOPE) Stock Technical Analysis
USA - NASDAQ:HOPE - US43940T1097 - Common Stock
We assign a technical rating of 2 out of 10 to HOPE. HOPE scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, HOPE does present a nice setup opportunity. Prices have been consolidating lately.
More info and screens
9.82
2 important support areas can be observed.
- A support zone ranging from 10.20 to 10.20. 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.
We can see 3 important resistance areas.
- A resistance zone ranging from 10.54 to 10.84. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 11.26 to 11.27. 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 | 28.87 | NEGATIVE | HOPE has a low relative strength, it was outperformed by 71.13% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of HOPE is below 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 | NEGATIVE | The current price of HOPE is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.93 | NEUTRAL | The RSI value for HOPE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests HOPE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 62.61 | NEUTRAL | The Stochastics value for HOPE is a neutral value. |
| Average True Range in percent/ATR (20) | 3.05 | MEDIUM VOLATILITY | The ATR as a percentage value for HOPE suggests some volalility. |
| Average Directional Index/ADX (14) | 10.89 | NEGATIVE | The low ADX value for HOPE suggests a weak or negative trend. |
10.52
-0.14 (-1.31%)
HOPE BANCORP INC / HOPE FAQ
What is the technical rating for HOPE stock?
ChartMill assigns a technical rating of 2 / 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 48.9311. 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 0.0159391, indicating a bearish trend.
What is the support and resistance level for HOPE stock?
HOPE BANCORP INC (HOPE) has a support level at 10.65 and a resistance level at 10.66. Check the full technical report for our detailed analysis of HOPE support and resistance levels.