Technical Analysis for GBOOY - Grupo Financiero Banorte, S.A.B. de C.V

Grade Last Price % Change Price Change
grade C 28.19 -2.32% -0.6700
GBOOY closed down 2.32 percent on Friday, May 24, 2019, on 11 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a bounce should not be unexpected.

Trend Table & Recent Signals
ADX Long-Term Intermediate-Term Short-Term
Weak or Absent Down Down Down
See historical GBOOY trend table...

Date Alert Name Type % Chg
NR7 Range Contraction 0.00%
Doji - Bullish? Reversal 0.00%
Gapped Down Weakness 0.00%
Oversold Stochastic Weakness 0.00%
Stochastic Buy Signal Bullish -2.32%
Inside Day Range Contraction -2.32%
Oversold Stochastic Weakness -2.32%
Doji - Bullish? Reversal -2.22%
Oversold Stochastic Weakness -2.22%
Golden Cross Bullish -2.08%

Older signals for GBOOY ...

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Profile
Banorte operates as a financial group known as Grupo Financiero Banorte (GFNorte), offering universal banking products, a wide array of products and services through its broker dealer, annuities & insurance companies, retirements savings funds (Afore), mutual funds, leasing & factoring company and warehousing. As of September 2016, GFNorte manages US 118 billion in assets. Banorte, GFNorte´s banking subsidiary, is currently the third largest banking institution in Mexico measured by size of deposits and the fourth by loans. As well as increasing its market shares, Banorte has consolidated its position as one of Mexico's most profitable banks and is recognized for its strong fundamentals by showing sound asset quality, as well as a solid capitalization ratio. With more than 12 million clients in the banking sector, 27 thousand employees serve a footprint of 1,175 branches, 7,598 ATMs and 23,708 contact points through third party correspondents nationwide. Banorte is the full retail bank, among the six largest institutions, that is managed by a Mexican executive team. GFNorte’s shares trade in the Mexican Stock Exchange (BMV) with the ticker “GFNORTEO” – being the second most liquid stock in Mexico and one of the companies with the largest float of approximately 90% -, in the Madrid Stock Exchange under the symbol “XNOR” and in the US through a listed ADR in the OTCQX market under “GBOOY”.
Financial Services Bank Banking Insurance Banorte Financial Mexican Stock Exchange Retail Bank Universal Banking Products
Is GBOOY a Buy, Sell or Hold?
Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength
Summary: Counts: 0 bullish, 2 bearish and 3 neutral indicators. You may wish to incorporate that into your trading strategies.
Recent News
Indicators
Indicator Value
52 Week High 37.0
52 Week Low 20.0
Average Volume 52,928
200-Day Moving Average 29.339
50-Day Moving Average 29.6955
20-Day Moving Average 29.734
10-Day Moving Average 29.047
Average True Range 0.7967
ADX 20.68
+DI 12.6802
-DI 25.121
Chandelier Exit (Long, 3 ATRs ) 30.6099
Chandelier Exit (Short, 3 ATRs ) 30.3901
Upper Bollinger Band 31.7694
Lower Bollinger Band 27.6986
Percent B (%b) 0.12
BandWidth 13.690724
MACD Line -0.4532
MACD Signal Line -0.2571
MACD Histogram -0.1961
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 28.7899
Resistance 3 (R3) 28.7932 28.5965 28.6899
Resistance 2 (R2) 28.5965 28.4438 28.5949 28.6565
Resistance 1 (R1) 28.3933 28.3494 28.2950 28.3900 28.6232
Pivot Point 28.1966 28.1966 28.1475 28.1950 28.1966
Support 1 (S1) 27.9934 28.0439 27.8951 27.9901 27.7568
Support 2 (S2) 27.7967 27.9495 27.7951 27.7235
Support 3 (S3) 27.5935 27.7967 27.6901
Support 4 (S4) 27.5902