Credicorp Ltd Stock Forecast
Credicorp Ltd stock price down 0.0425% on Thursday
(Updated on May 02, 2024)
The Credicorp Ltd stock price fell by -0.0425% on the last day (Thursday, 2nd May 2024) from $164.79 to $164.72. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 1.86% from a day low at $164.72 to a day high of $167.79. The price has fallen in 6 of the last 10 days but is still up by 1.75% over the past 2 weeks. Volume has increased on the last day by 109 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 166 thousand shares were bought and sold for approximately $27.29 million.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 2.58% during the next 3 months and, with a 90% probability hold a price between $164.67 and $184.45 at the end of this 3-month period.
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BAP Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 3.18%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Credicorp Ltd stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $166.59 and $168.69. A break-up above any of these levels will issue buy signals. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Credicorp Ltd stock
Credicorp Ltd finds support from accumulated volume at $162.48 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $3.07 (1.86%) between high and low. For the last week, the stock has had daily average volatility of 2.04%.
Our recommended stop-loss: $157.29 (-4.51%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 12 days ago.)
Trading Expectations (BAP) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Credicorp Ltd to open at $165.74, and during the day (based on 14 day Average True Range), to move between $161.31 and $168.13, which gives a possible trading interval of +/-$3.41 (+/-2.07%) up or down from last closing price. If Credicorp Ltd takes out the full calculated possible swing range there will be an estimated 4.14% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $165.11 (0.24%) than the support at $162.48 (1.36%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Earnings coming up
Credicorp Ltd will release earnings AMC on Thursday, May 09, 2024.The consensus among the analysts for the expected earnings (EPS) is $4.25. We will update the financials statements for Credicorp Ltd, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.18% in the first trading day after earnings release.
Is Credicorp Ltd stock A Buy?
Credicorp Ltd holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.831 Hold/Accumulate Unchanged
Predicted Opening Price for Credicorp Ltd of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $165.74 ( 0.621%) | $164.72 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BAP
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 168.81 | 2.49 % | |
| R2 | 167.64 | 1.77 % | ||
| R1 | 166.92 | 1.33 % | ||
| Current price: | 164.72 | |||
| Support | S1 | 164.57 | -0.0907 % | |
| S2 | 163.85 | -0.531 % | ||
| S3 | 162.67 | -1.24 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 170.88 | 3.74 % | |
| R2 | 170.00 | 3.21 % | ||
| R1 | 165.11 | 0.237 % | ||
| Current price | 164.72 | |||
| Support | S1 | 162.48 | -1.36% | |
| S2 | 158.55 | -3.75% | ||
| S3 | 154.28 | -6.34% |
BAP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 17, 2024 | May 17, 2024 | May 17, 2024 | $0 | 0% |
| 2 | May 08, 2023 | May 18, 2023 | Jun 09, 2023 | $0.679 | 0.483% |
| 3 | May 18, 2022 | May 19, 2022 | Jun 09, 2023 | $0.398 | 0.283% |
| 4 | Aug 26, 2021 | Sep 14, 2021 | Oct 07, 2021 | $0.294 | 0.234% |
| 5 | Feb 27, 2020 | Apr 09, 2020 | May 08, 2020 | $2.61 | 1.79% |
FAQ
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