BRASKEM SA-CLASS A- ADR (BAK) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:BAK - US1055321053 - ADR
Taking everything into account, BAK scores 5 out of 10 in our technical rating. In the past year, BAK was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
- 72% of all other stocks performed better in the past year than BAK.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- In the last month BAK has a been trading in the 2.78 - 3.37 range, which is quite wide. It is currently trading near the high of this range.
- BAK has an average volume of 1115500 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- BAK is an average performer in the Chemicals industry, it outperforms 45% of 82 stocks in the same industry.
- BAK is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BAK is lagging the market.
BAK has an average technical rating and it also does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
2.88
When analyzing the support we can see 2 important areas.
- Support @3.30 from a trend line in the daily time frame.
- A support zone ranging from 2.91 to 3.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 3.31 to 3.32. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @3.41 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for BAK is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BAK is up. |
| ChartMill Relative Strength | 28.94 | NEGATIVE | BAK has a low relative strength, it was outperformed by 71.06% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BAK is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BAK is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of BAK is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 60.85 | NEUTRAL | The RSI value for BAK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests BAK has a positive trend. |
| Stochastics (14,3) | 60.55 | NEUTRAL | The Stochastics value for BAK is a neutral value. |
| Average True Range in percent/ATR (20) | 5.13 | HIGH VOLATILITY | The high ATR as a percentage value for BAK suggests high volalility. |
| Average Directional Index/ADX (14) | 31 | POSITIVE | The high ADX value value for BAK suggests a strong trend. |
3.3
+0.26 (+8.55%)
BRASKEM SA-CLASS A- ADR / BAK FAQ
What is the ChartMill technical rating of BRASKEM SA-CLASS A- ADR (BAK) stock?
ChartMill assigns a technical rating of 5 / 10 to BAK.
Can you provide the trend direction for BRASKEM SA-CLASS A- ADR?
The current trend direction for BRASKEM SA-CLASS A- ADR (BAK) is Bearish.
What is the RSI signal for BAK stock?
BRASKEM SA-CLASS A- ADR (BAK) has an RSI value of 60.8502. This indicates that the stock is currently neutral.
What is the MACD signal for BAK stock?
The MACD indicator for BRASKEM SA-CLASS A- ADR (BAK) has a value of 0.0206788, indicating a bearish trend.
What are the support and resistance levels for BRASKEM SA-CLASS A- ADR (BAK) stock?
BRASKEM SA-CLASS A- ADR (BAK) has a support level at 3.3 and a resistance level at 3.31. Check the full technical report for our detailed analysis of BAK support and resistance levels.