Londinia Opportunities Analyses - 06/23/2022 (GMT) HOPE BANCORP INC. - 1H
- U.S. Stocks
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
11%
78%
11%
My opinion
Bearish under 13.69 USD
My targets
13.26 USD (-2.07%)
12.83 USD (-5.24%)
My analysis
The bearish trend is currently very strong for HOPE BANCORP INC.. As long as the price remains below the resistance at 13.69 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 13.26 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 12.83 USD as an objective. Crossing it would then enable sellers to target 11.57 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
8.2
Analysis too old. There are no more charts available.
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Additional analysis
Quotes
The HOPE BANCORP INC. price is 13.54 USD. The price is lower by -2.38% since the last closing and was between 13.47 USD and 13.88 USD. This implies that the price is at +0.52% from its lowest and at -2.45% from its highest.13.47
13.88
13.54
Here is a more detailed summary of the historical variations registered by HOPE BANCORP INC.:
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of HOPE BANCORP INC. indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 14 technical indicators on 18 studied are currently positioned bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish doji star
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 11.57 | 12.83 | 13.26 | 13.54 | 13.58 | 13.69 | 13.79 |
| Change (%) | -14.55% | -5.24% | -2.07% | - | +0.30% | +1.11% | +1.85% |
| Change | -1.97 | -0.71 | -0.28 | - | +0.04 | +0.15 | +0.25 |
| Level | Intermediate | Minor | Minor | - | Major | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13.48 | 13.58 | 13.73 | 13.83 | 13.98 | 14.08 | 14.23 |
| Camarilla | 13.80 | 13.82 | 13.85 | 13.87 | 13.89 | 13.92 | 13.94 |
| Woodie | 13.50 | 13.59 | 13.75 | 13.84 | 14.00 | 14.09 | 14.25 |
| Fibonacci | 13.58 | 13.68 | 13.74 | 13.83 | 13.93 | 13.99 | 14.08 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12.55 | 13.07 | 13.38 | 13.90 | 14.21 | 14.73 | 15.04 |
| Camarilla | 13.47 | 13.55 | 13.62 | 13.70 | 13.78 | 13.85 | 13.93 |
| Woodie | 12.46 | 13.02 | 13.29 | 13.85 | 14.12 | 14.68 | 14.95 |
| Fibonacci | 13.07 | 13.38 | 13.58 | 13.90 | 14.21 | 14.41 | 14.73 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12.57 | 13.10 | 13.84 | 14.37 | 15.11 | 15.64 | 16.38 |
| Camarilla | 14.23 | 14.35 | 14.46 | 14.58 | 14.70 | 14.81 | 14.93 |
| Woodie | 12.68 | 13.15 | 13.95 | 14.42 | 15.22 | 15.69 | 16.49 |
| Fibonacci | 13.10 | 13.59 | 13.89 | 14.37 | 14.86 | 15.16 | 15.64 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 34.27 | |
| MACD (12,26,9): | -0.0800 | |
| Directional Movement: | -19.83 | |
| AROON (14): | -100.00 | |
| DEMA (21): | 13.68 | |
| Parabolic SAR (0,02-0,02-0,2): | 13.94 | |
| Elder Ray (13): | -0.25 | |
| Super Trend (3,10): | 13.83 | |
| Zig ZAG (10): | 13.49 | |
| VORTEX (21): | 0.8500 | |
| Stochastique (14,3,5): | 5.17 | |
| TEMA (21): | 13.65 | |
| Williams %R (14): | -92.96 | |
| Chande Momentum Oscillator (20): | -0.43 | |
| Repulse (5,40,3): | -1.2100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0400 | |
| Courbe Coppock: | 3.10 |
| MA7: | 13.86 | |
| MA20: | 14.21 | |
| MA50: | 14.50 | |
| MA100: | 15.40 | |
| MAexp7: | 13.66 | |
| MAexp20: | 13.77 | |
| MAexp50: | 13.89 | |
| MAexp100: | 14.04 | |
| Price / MA7: | -2.31% | |
| Price / MA20: | -4.71% | |
| Price / MA50: | -6.62% | |
| Price / MA100: | -12.08% | |
| Price / MAexp7: | -0.88% | |
| Price / MAexp20: | -1.67% | |
| Price / MAexp50: | -2.52% | |
| Price / MAexp100: | -3.56% |
Quotes :
-
15 min delayed data
-
Actions NASDAQ
News
The latest news and videos published on HOPE BANCORP INC. at the time of the analysis were as follows:
- Hope Bancorp, Inc. to Host Earnings Call
- Investor Network: Hope Bancorp, Inc. to Host Earnings Call
- Investor Network: Hope Bancorp, Inc. to Host Earnings Call