Londinia Opportunities Analyses - 06/23/2022 (GMT) HOPE BANCORP INC. - Daily

- USD (-)

- 15 min delayed data - NASDAQ Stocks

Type:	Stocks
Ticker:	HOPE
ISIN:

Londinia

Oops, I was wrong about that analysis. My threshold for invalidation has been broken.

U.S. Stocks
Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

83%

11%

My opinion

Bearish under 13.93 USD

My targets

13.26 USD (-2.57%)

12.83 USD (-5.73%)

My analysis

The bearish trend is currently very strong for HOPE BANCORP INC.. As long as the price remains below the resistance at 13.93 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.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.

Force

8.6

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Additional analysis

Quotes

The HOPE BANCORP INC. price is 13.61 USD. The price is lower by -1.88% since the last closing and was traded between 13.43 USD and 13.88 USD over the period. The price is currently at +1.34% from its lowest and -1.95% from its highest.

13.43

13.88

13.61

Here is a more detailed summary of the historical variations registered by HOPE BANCORP INC.:

The Central Records scanner for higher/lower results shows the following items:

New LOW record (1st january)

Type : Bearish

Timeframe : Weekly

New LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in Journalier of this HOPE BANCORP INC. chart shows a sharp bearish trend. 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, according to the parameters integrated into the Central Analyzer system, 15 technical indicators out of 18 analysed are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is under support 3

Type : Neutral

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Support of channel is broken

Type : Bearish

Timeframe : Daily

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	11.57	12.83	13.26	13.61	13.93	14.73	15.47
Change (%)	-14.99%	-5.73%	-2.57%	-	+2.35%	+8.23%	+13.67%
Change	-2.04	-0.78	-0.35	-	+0.32	+1.12	+1.86
Level	Intermediate	Minor	Minor	-	Intermediate	Major	Major

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

Technical indicators

Moving averages

RSI (14):	38.32
MACD (12,26,9):	-0.2200
Directional Movement:	-18.30
AROON (14):	-78.57
DEMA (21):	13.81
Parabolic SAR (0,02-0,02-0,2):	14.34
Elder Ray (13):	-0.33
Super Trend (3,10):	14.77
Zig ZAG (10):	13.55
VORTEX (21):	0.8700
Stochastique (14,3,5):	21.17
TEMA (21):	13.80
Williams %R (14):	-90.15
Chande Momentum Oscillator (20):	-1.16
Repulse (5,40,3):	-1.8600
ROCnROLL:	2
TRIX (15,9):	-0.1600
Courbe Coppock:	9.28

MA7:	13.86
MA20:	14.21
MA50:	14.50
MA100:	15.40
MAexp7:	13.84
MAexp20:	14.09
MAexp50:	14.51
MAexp100:	14.84
Price / MA7:	-1.80%
Price / MA20:	-4.22%
Price / MA50:	-6.14%
Price / MA100:	-11.62%
Price / MAexp7:	-1.66%
Price / MAexp20:	-3.41%
Price / MAexp50:	-6.20%
Price / MAexp100:	-8.29%

Quotes : - 15 min delayed data - Actions NASDAQ

News

The last news published on HOPE BANCORP INC. at the time of the generation of this analysis was as follows: