HOPE BANCORP INC (HOPE) Stock Technical Analysis
NASDAQ:HOPE - Nasdaq - US43940T1097 - Common Stock - Currency: USD
Taking everything into account, HOPE scores 0 out of 10 in our technical rating. 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.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, HOPE is a bad performer in the overall market: 81% of all stocks are doing better.
HOPE is part of the Banks industry. There are 392 other stocks in this industry, of which 91% are performing better than HOPE.
HOPE is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month HOPE has a been trading in the 9.44 - 11.75 range, which is quite wide. It is currently trading near the lows of this range.
Volume is considerably higher in the last couple of days.
HOPE has a poor technical rating and the quality of the setup is also not perfect 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
9.01
11.96
3 important support areas can be observed.
- Support @9.92 from a horizontal line in the daily time frame.
- Support @9.73 from a trend line in the daily time frame.
- A support zone ranging from 9.10 to 9.23. 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 10.02 to 10.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 10.48 to 10.72. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @11.20 from a trend line in the weekly time frame.
- Resistance @11.39 from a trend line in the daily time frame.
- Resistance @11.84 from a horizontal line in the daily time frame.
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 | DOWN | NEGATIVE | The long term trend for HOPE is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for HOPE is down. |
| ChartMill Relative Strength | 19.47 | NEGATIVE | HOPE has a low relative strength, it was outperformed by 80.53% 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) | DOWN | NEGATIVE | The current price of HOPE is below a declining 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) | 37.25 | NEUTRAL | The RSI value for HOPE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests HOPE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 26.74 | NEUTRAL | The Stochastics value for HOPE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.89 | MEDIUM VOLATILITY | The ATR as a percentage value for HOPE suggests some volalility. |
| Average Directional Index/ADX (14) | 32.85 | POSITIVE | The high ADX value value for HOPE suggests a strong 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)
10.01
-0.07 (-0.69%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-0.69%
1 Week-1.28%
2 Weeks-6.54%
1 Month-13.71%
3 Month-1.38%
6 Month-13.41%
12 Month-14.3%
2 Year3.52%
3 Year-30.82%
5 Year18.32%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.3
ATR(20)%2.89%
ATR Inc-42.27%
Range Today0.13
ADR(20)0.27
ADR(20)%2.71%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS19.47
Mansfield-1.96
10 Day High10.71
10 Day Low9.44
20 Day High11.75
20 Day Low9.44
52 Week High14.54
52 Week Low8.82
CS1 End9.92
CR1 Start10.02
Volume & EV
DER(3)4.33%
DER(5)2.4%
Volume1.17M
Volume Incr39.28%
Vol(5)1.35M
Vol(50)936.15K