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BANCOLOMBIA S.A.
BANCOLOMBIA S.A.
- USD (-)
- 15 min delayed data - NYSE Stocks
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: CIB
ISIN:

BANCOLOMBIA S.A. - Daily - Technical analysis published on 01/21/2020 (GMT)

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  • Timeframe : Daily
  • - Analysis generated on
  • Status : TARGET REACHED

Summary of the analysis

Trends
Court terme: Neutral
De fond: Bullish
Technical indicators
22%
28%
50%
My opinion
Bullish above 52.83 USD
My targets
55.14 USD (+1.72%)
60.83 USD (+12.21%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on BANCOLOMBIA S.A.. As long as you are above the support located at 52.83 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 55.14 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 60.83 USD as an objective. Crossing it would then enable buyers to target 65.88 USD. If the support 52.83 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.

Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
FORCE
0
10
2.3

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

Vincent Launay
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

The BANCOLOMBIA S.A. price is 54.21 USD. On the day, this instrument gained -1.37% and was between 54.02 USD and 54.56 USD. This implies that the price is at +0.35% from its lowest and at -0.64% from its highest.

54.02
54.56
54.21

The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.

Central Gaps

Opening Gap DOWN

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by BANCOLOMBIA S.A.:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of this Daily chart of BANCOLOMBIA S.A. indicates that the overall trend is bullish. The signals given by moving averages are 71.43% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Central Indicators

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily


Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : Daily



An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is under support 3

Type : Neutral

Timeframe : Daily


Price is back over the pivot point

Type : Bullish

Timeframe : Daily


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly


Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily


Williams %R indicator is back over -50

Type : Bullish

Timeframe : Daily



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Central Patterns

Near support of channel

Type : Bullish

Timeframe : Daily



For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:

Central Candlesticks

Upside gap

Type : Bullish

Timeframe : Daily




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 46.39 48.31 52.83 54.21 55.14 65.88 70.50
Change (%) -14.43% -10.88% -2.55% - +1.72% +21.53% +30.05%
Change -7.82 -5.90 -1.38 - +0.93 +11.67 +16.29
Level Minor Major Intermediate - Major Minor Intermediate



Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard54.2054.3754.6754.8455.1455.3155.61
Camarilla54.8354.8754.9254.9655.0055.0555.09
Woodie54.2654.4054.7354.8755.2055.3455.67
Fibonacci54.3754.5554.6654.8455.0255.1355.31


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard52.1852.7653.8654.4455.5456.1257.22
Camarilla54.5054.6554.8154.9655.1155.2755.42
Woodie52.4452.8954.1254.5755.8056.2557.48
Fibonacci52.7653.4053.8054.4455.0855.4856.12


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard41.5844.6049.7052.7257.8160.8365.92
Camarilla52.5653.3054.0554.7955.5356.2857.02
Woodie42.6245.1250.7353.2458.8561.3566.96
Fibonacci44.6047.7049.6252.7255.8257.7360.83

Numerical data


The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators
Moving averages

RSI (14): 51.65
MACD (12,26,9): 0.4500
Directional Movement: 2.39
AROON (14): -28.57
DEMA (21): 55.02
Parabolic SAR (0,02-0,02-0,2): 55.15
Elder Ray (13): -0.19
Super Trend (3,10): 52.76
Zig ZAG (10): 54.21
VORTEX (21): 0.9800
Stochastique (14,3,5): 40.82
TEMA (21): 54.78
Williams %R (14): -68.48
Chande Momentum Oscillator (20): -1.01
Repulse (5,40,3): 0.5600
ROCnROLL: -1
TRIX (15,9): 0.2000
Courbe Coppock: 1.94
MA7: 54.29
MA20: 54.79
MA50: 52.67
MA100: 51.42
MAexp7: 54.45
MAexp20: 54.28
MAexp50: 53.14
MAexp100: 51.93
Price / MA7: -0.15%
Price / MA20: -1.06%
Price / MA50: +2.92%
Price / MA100: +5.43%
Price / MAexp7: -0.44%
Price / MAexp20: -0.13%
Price / MAexp50: +2.01%
Price / MAexp100: +4.39%

News


The last news published on BANCOLOMBIA S.A. at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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Londinia
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