BRASKEM SA-CLASS A- ADR (BAK) Stock Technical Analysis
NYSE:BAK - New York Stock Exchange, Inc. - US1055321053 - ADR - Currency: USD
Overall BAK gets a technical rating of 4 out of 10. 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.
80% of all other stocks performed better in the past year than BAK.
BAK is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so BAK is lagging the market.
In the last month BAK has a been trading in the 3.48 - 4.11 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
BAK is an average performer in the Chemicals industry, it outperforms 50% of 85 stocks in the same industry.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
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
3.50
4.17
We found 2 important support areas.
- A support zone ranging from 3.68 to 3.74. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 3.54 to 3.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 4.07 to 4.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | DOWN | NEGATIVE | The long term trend for BAK is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BAK is up. |
| ChartMill Relative Strength | 20.59 | NEGATIVE | BAK has a low relative strength, it was outperformed by 79.41% 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 | NEGATIVE | The current price of BAK is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 59.73 | NEUTRAL | The RSI value for BAK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests BAK has a positive trend. |
| Stochastics (14,3) | 84.22 | OVERBOUGHT | The high Stochastics value suggests BAK may be overbought. |
| Average True Range in percent/ATR (20) | 5.61 | HIGH VOLATILITY | The high ATR as a percentage value for BAK suggests high volalility. |
| Average Directional Index/ADX (14) | 12.5 | NEGATIVE | The low ADX value for BAK suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
4.06
+0.05 (+1.25%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg1.25%
1 Week8.85%
2 Weeks6.56%
1 Month3.05%
3 Month10.03%
6 Month-19.12%
12 Month-43.53%
2 Year-53.92%
3 Year-78.52%
5 Year-60.66%
10 Year-56.9%
15 Year-70.81%
Volatility
ATR(14)0.24
ATR(20)%5.61%
ATR Inc-12.9%
Range Today0.17
ADR(20)0.2
ADR(20)%4.86%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS20.59
Mansfield-2.42
10 Day High4.11
10 Day Low3.48
20 Day High4.11
20 Day Low3.48
52 Week High7.71
52 Week Low2.85
CS1 End3.74
CR1 Start4.07
Volume & EV
DER(3)5.61%
DER(5)2.87%
Volume1.36M
Volume Incr173.43%
Vol(5)1.76M
Vol(50)935.45K