BRASKEM SA-CLASS A- ADR (BAK) Technical Analysis
NYSE:BAK • US1055321053
Current stock price
BAK Technical Rating and Analysis
Taking everything into account, BAK scores 5 out of 10 in our technical rating. BAK has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
- BAK has an average volume of 2898910 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- When comparing the performance of all stocks over the past year, BAK turns out to be only a medium performer in the overall market: it outperformed 54% of all stocks.
- BAK is an average performer in the Chemicals industry, it outperforms 50% 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.
- In the last month BAK has a been trading in the 3.23 - 4.35 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
BAK Weekly and Daily overview Charts
BAK Setup Rating and Analysis
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
BAK Support and Resistance Analysis
3.28
When analyzing the support we notice one important area.
- A support zone ranging from 3.31 to 3.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 3.92 to 3.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @4.64 from a trend line in the weekly time frame.
- Resistance @4.84 from a horizontal line in the weekly time frame.
BAK Technical Indicator Signal Analysis
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 | NEUTRAL | NEUTRAL | The short term trend for BAK is neutral. |
| ChartMill Relative Strength | 54.52 | NEUTRAL | BAK is not amongst the best or worst performers 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 | MIXED | The current price of BAK is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BAK is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.34 | 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) | 49.7 | NEUTRAL | The Stochastics value for BAK is a neutral value. |
| Average True Range in percent/ATR (20) | 6.12 | HIGH VOLATILITY | The high ATR as a percentage value for BAK suggests high volalility. |
| Average Directional Index/ADX (14) | 13.12 | NEGATIVE | The low ADX value for BAK suggests a weak or negative trend. |
BAK Chart- and CandleStick Pattern Analysis
BAK Technicals: Chart, Performance Metrics, Trend & Indicators
3.91
+0.07 (+1.82%)
BRASKEM SA-CLASS A- ADR / BAK TA 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 BRASKEM SA-CLASS A- ADR (BAK) stock?
BRASKEM SA-CLASS A- ADR (BAK) has an RSI value of 55.3389. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for BRASKEM SA-CLASS A- ADR?
BRASKEM SA-CLASS A- ADR (BAK) has a support level at 3.39 and a resistance level at 3.92. Check the full technical report for our detailed analysis of BAK support and resistance levels.